V2X Awarded $103 Million U.S. Navy Contract for C-26 Support, Extending Legacy as a Readiness Multiplier

Rhea-AI Summary

V2X (NYSE: VVX) has secured a $103 million contract from the U.S. Navy for Contractor Logistics Support maintenance of C-26 aircraft. The firm-fixed-price contract, commencing in June 2025, involves comprehensive support including aircraft engineering, upgrades maintenance, and modifications for eight C-26A/D aircraft across four operating bases - one U.S. location and three international sites.

The company maintains aircraft readiness rates exceeding 90%, managing all aspects of maintenance, personnel, and equipment. V2X's network of FAA Part 145 repair stations serves as a key differentiator in their service offering. This contract renewal demonstrates the Navy's continued trust in V2X's capabilities to deliver mission-capable aircraft with exceptional performance.

Positive

• Secured substantial $103 million contract from U.S. Navy
• Maintains high aircraft readiness rates exceeding 90%
• Contract renewal demonstrates strong client relationship and service quality
• Strategic presence with FAA Part 145 repair stations enhancing operational capabilities

Negative

• None.

News Market Reaction – VVX

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+0.48% News Effect

On the day this news was published, VVX gained 0.48%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

RESTON, Va., April 28, 2025 /PRNewswire/ -- V2X (NYSE: VVX) Inc., has been awarded a $103 million contract by the U.S. Navy for Contractor Logistics Support (CLS) maintenance of C-26 aircraft, reinforcing V2X's role as the best-value provider for this critical mission.

Under this contract, V2X will continue providing comprehensive CLS support, including aircraft engineering, upgrades maintenance and modifications.

"This award highlights the Navy's continued confidence in V2X's proven ability to deliver mission-capable aircraft with exceptional performance," said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. "With a longstanding history of supporting Navy aviation, this contract reaffirms our commitment to providing mission-ready aircraft that enhance operational readiness worldwide."

"With readiness rates north of 90%, V2X consistently delivers mission-capable aircraft while managing all aspects of maintenance, personnel, and equipment," said Vinny Caputo, Senior Vice President of Aerospace Systems at V2X. "A key differentiator in V2X's offering is our numerous FAA Part 145 repair stations, which are readiness multipliers," Caputo added. 

Work for this firm-fixed-price contract is expected to begin in June 2025, supporting eight C-26A/D aircraft stationed at four main operating bases, including one U.S. location and three international sites.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission's lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,100 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today's toughest challenges across all operational domains.

Investor Contact 
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications
Angelica.Deoudes@goV2X.com
571-338-5195

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SOURCE V2X, Inc.

FAQ

What is the value and duration of V2X's (VVX) new Navy contract?

V2X (VVX) has been awarded a $103 million contract, with work expected to begin in June 2025.

How many aircraft will V2X (VVX) maintain under the new Navy contract?

V2X will maintain eight C-26A/D aircraft stationed at four main operating bases, including one U.S. location and three international sites.

What is the aircraft readiness rate maintained by V2X (VVX) for the Navy contract?

V2X maintains aircraft readiness rates exceeding 90%, managing all aspects of maintenance, personnel, and equipment.

What services will V2X (VVX) provide under the Navy's C-26 support contract?

V2X will provide comprehensive Contractor Logistics Support including aircraft engineering, upgrades maintenance, and modifications.

What distinguishes V2X's (VVX) aircraft maintenance capabilities?

V2X's network of FAA Part 145 repair stations serves as a key differentiator in their service offering.