V2X Awarded ATSP5 Contract to Advance Emerging Technology for the Warfighter

Rhea-AI Summary

V2X (NYSE: VVX) was selected for a seat on ATSP5, a $25 billion multiple-award IDIQ contract administered by DMEA under the Office of the Secretary of Defense.

ATSP5 gives federal and state agencies streamlined access to V2X capabilities across engineering development, lifecycle support, AI-optimized systems, prototyping, testing, integration, and limited production.

Positive

• Selected to participate on a $25 billion ATSP5 multiple-award IDIQ
• Provides streamlined access to federal and state government customers
• Scope includes engineering development, prototyping, testing, integration
• Includes lifecycle support and microelectronics supply assurance capabilities
• Cites AI-optimized systems and large-scale AI orchestration expertise

Negative

• Multiple-award IDIQ structure means V2X faces competitor task-order awards
• No specific task orders or revenue amounts for V2X were disclosed

Key Figures

ATSP5 contract ceiling: $25 billion National security contracts: $100 million T-6 COMBS contract: $4.3 billion +5 more

8 metrics

ATSP5 contract ceiling $25 billion Total value of multiple-award IDIQ program referenced in article

National security contracts $100 million Classified contracts awarded in Q4 2025

T-6 COMBS contract $4.3 billion Air Force supply support contract upheld by court

T-6 COMBS term July 2034 Contract end date for T-6 COMBS award

Shares sold 1,200,000 shares Insider-related sale disclosed in Dec 2025 filings

Sale price $55.05 Per-share price for 1,200,000-share insider sale

Beneficial ownership 5,017,286 shares Shares beneficially owned by AIPCF VI-related entities

Ownership stake 16.1% Reported ownership percentage of AIPCF VI-related entities

Market Reality Check

Price: $69.08 Vol: Volume 380,033 is slightl...

normal vol

$69.08 Last Close

Volume Volume 380,033 is slightly below 399,388 20-day average (relative volume 0.95). normal

Technical Price 66.89 is trading above 200-day MA at 54.95, indicating a pre-existing uptrend.

Peers on Argus

VVX gained 2.03% while several aerospace & defense peers were also up modestly (...

2 Up

VVX gained 2.03% while several aerospace & defense peers were also up modestly (e.g., RDW and others positive), but momentum scanners flagged this as a stock-specific move rather than a broad sector rotation.

Historical Context

5 past events · Latest: Feb 11 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 11	Security contracts win	Positive	-4.2%	$100M in classified national security contracts across defense agencies.
Feb 04	Earnings date notice	Neutral	-1.7%	Announcement of Q4 and full-year 2025 results date and call details.
Feb 03	AI partnership	Positive	+0.2%	Secure AI and cloud collaboration with Google Public Sector for defense.
Feb 02	Court upholds award	Positive	-3.8%	Court ruling upholding VVX’s $4.3B T-6 COMBS Air Force contract.
Jan 29	Automation partnership	Positive	+0.7%	Smart warehousing and logistics automation partnership with Amazon.

Pattern Detected

Recent positive contract and partnership announcements often saw mixed price reactions, with several sizeable wins followed by negative or muted moves, suggesting investors may discount headline contract value.

Recent Company History

Over the last few weeks, VVX announced multiple defense-focused wins and partnerships. On Jan 29, it partnered with Amazon on smart warehousing and automation. A $4.3 billion T-6 COMBS contract was reaffirmed on Feb 2 after a court ruling, and a secure AI partnership with Google Public Sector followed on Feb 3. VVX then highlighted $100 million in classified national security contracts on Feb 11. Today’s ATSP5 award continues this string of defense-related technology and modernization awards.

Market Pulse Summary

This announcement adds another large defense opportunity to VVX’s recent string of wins. The company...

Analysis

This announcement adds another large defense opportunity to VVX’s recent string of wins. The company’s seat on the $25 billion ATSP5 IDIQ aligns with prior milestones such as the $4.3 billion T-6 COMBS contract and $100 million in national security awards. Investors may track how much ATSP5 work VVX actually secures, upcoming earnings on February 23, 2026, and any further insider ownership changes when assessing the durability of its current uptrend above the 54.95 200-day MA.

Key Terms

indefinite delivery/indefinite quantity (idiq), embedded systems, network-centric warfare systems, ai-optimized systems, +1 more

5 terms

indefinite delivery/indefinite quantity (idiq) financial

"a $25 billion multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract."

An indefinite delivery/indefinite quantity (IDIQ) is a type of contract that lets a buyer commit to buy goods or services over a set period without specifying exact quantities or delivery dates up front, while setting minimums and maximums. Think of it like a grocery standing order where you agree to buy up to a certain amount but the timing and exact amounts are decided later. For investors, IDIQs matter because they can create a predictable revenue stream and backlog while leaving some uncertainty about timing and total value, affecting earnings visibility and cash flow planning.

embedded systems technical

"full lifecycle technology support for embedded systems, network-centric warfare systems,"

Embedded systems are dedicated computer components built into machines or products to control specific functions—think of the tiny brain inside a microwave, a car’s braking system, or a smart thermostat. Investors care because these systems shape a product’s features, reliability and cost structure, can enable recurring revenue through software updates and services, and often indicate where demand and competitive advantage will grow in hardware-driven markets.

network-centric warfare systems technical

"support for embedded systems, network-centric warfare systems, large-scale integrations,"

Network-centric warfare systems link sensors, weapons, command centers and personnel through real-time digital connections so information is shared instantly across forces, improving awareness and speeding decisions. For investors, these systems create steady demand for specialized electronics, software and integration services and can shift contract size and export potential—think of replacing isolated walkie-talkies with a coordinated smartphone network that makes every participant more effective.

ai-optimized systems technical

"advancing cutting-edge technology such as AI-optimized systems and large-scale AI orchestration"

AI-optimized systems are software and hardware setups designed specifically to run, support, or improve artificial intelligence models and workflows; think of them as an engine and fuel system tuned to get the most from AI programs. They matter to investors because they can lower costs, speed product development, and enable new services or efficiencies that boost revenue and market share, while also concentrating risk around technology performance and implementation.

ai orchestration technical

"AI-optimized systems and large-scale AI orchestration to address emerging threats."

AI orchestration coordinates multiple AI models, data sources, and automated steps into a controlled workflow that produces a specific result—such as a customer reply, a medical summary, or a trading signal. For investors, it matters because orchestration determines how reliably and efficiently AI features run, influencing development speed, operating costs, regulatory controls and the ability to scale AI-driven products—like a conductor keeping all musicians in sync.

AI-generated analysis. Not financial advice.

RESTON, Va., Feb. 18, 2026 /PRNewswire/ -- V2X Inc. (NYSE: VVX) proudly announces its selection for a seat on the Advanced Technology Support Program 5 (ATSP5), a $25 billion multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract. ATSP5, administered by the Defense Microelectronics Activity (DMEA) under the Office of the Secretary of Defense, is one of the Department of Defense's most comprehensive engineering development and technology transition initiatives.

This contracting vehicle provides federal and state government agencies with streamlined access to V2X's capabilities in delivering mission-critical solutions. The scope of ATSP5 includes engineering development, from system studies and prototyping to testing, integration, and limited production. It also includes full lifecycle technology support for embedded systems, network-centric warfare systems, large-scale integrations, and standalone systems. The program creates opportunities for modernization, overcoming obsolescence challenges, and extending the lifecycle of aging equipment while advancing cutting-edge technology such as AI-optimized systems and large-scale AI orchestration to address emerging threats.

As an ATSP5 program partner, V2X brings decades of expertise to solving complex engineering challenges through scalable, transformative solutions tailored to defense priorities. Its capabilities address key areas such as rapid acquisition, systems engineering, microelectronics supply assurance, digital prototyping, optimized automated testing, intelligent integration, performance optimization, and the intelligent application of advanced technologies with the aid of AI.

"Winning a position on the ATSP5 enables V2X as a leader in transformative engineering solutions," said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. "Our selection places us at the forefront of defense modernization, allowing us to deliver advanced capabilities that don't simply respond to threats and system obsolescence, but anticipate and evolve with them. From AI-powered performance enhancement and autonomous system integration, we are redefining what operational resilience looks like in multi-domain operations. We are honored to contribute to the future of our nation's warfighter operational superiority."

In line with the Department of Defense's most strategic modernization initiatives, V2X's participation in ATSP5 underscores a commitment to advancing technology-first solutions for critical challenges faced by the warfighter. By deploying intelligent agents for modernizing government systems, advancing innovations, and addressing both traditional and asymmetric challenges, V2X will help ensure readiness and progress in support of the warfighter, while delivering solutions that reflect the highest standards of technical performance, security, and sustainability. V2X ensures unmatched readiness and technological overmatch in defense capabilities

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 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today's toughest challenges across all operational domains.

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

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

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SOURCE V2X, Inc.

FAQ

What did V2X announce about the ATSP5 contract on February 18, 2026?

V2X said it secured a seat on the ATSP5 multiple-award IDIQ valued at $25 billion. According to the company, ATSP5 is administered by DMEA and provides agencies access to engineering development, lifecycle support, and AI-enabled solutions.

How does the ATSP5 award affect V2X (VVX) access to government customers?

The ATSP5 slot gives V2X streamlined access to federal and state agencies for defense projects. According to the company, the vehicle enables faster engagement on prototyping, integration, and limited production work.

What technical areas will V2X support under the ATSP5 IDIQ?

V2X will support engineering development, system studies, prototyping, testing, integration, and lifecycle technology support. According to the company, efforts include microelectronics supply assurance and AI-optimized system orchestration.

Does the ATSP5 award guarantee specific revenue or task orders for V2X (VVX)?

No guaranteed revenue or task orders were disclosed with the ATSP5 seat award. According to the company, ATSP5 is a multiple-award IDIQ, so work is obtained via subsequent task orders.

What strategic benefits did V2X claim from joining ATSP5 for the warfighter?

V2X said participation positions it at the forefront of defense modernization and operational resilience. According to the company, offerings aim to anticipate obsolescence and deliver AI-powered performance enhancements.

What types of organizations administer and use the ATSP5 contracting vehicle?

ATSP5 is administered by the Defense Microelectronics Activity under the Office of the Secretary of Defense. According to the company, federal and state government agencies can use the vehicle for defense engineering and technology transition work.