V2X Secures $48.5 Million U.S. Army Contract to Enhance Battlefield Communications with Versatile Gateway Mission Router

Rhea-AI Summary

V2X, Inc. (NYSE:VVX) has been awarded a $48.5 million Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Army for the Gateway Mission Router (GMR). This four-year contract falls under the PEO Soldier portfolio and aims to enhance battlefield communications. The GMR is designed to create a fully converged operational environment by integrating information and assured communications across multiple domains.

The GMR is a rugged and cyber-hardened technology that facilitates real-time situational awareness. It is adaptable for deployment across aviation and ground vehicle platforms, ensuring versatility in various operational scenarios. This contract highlights V2X's commitment to delivering cutting-edge solutions for national defense and positions the company as a key enabler for the Department of Defense's Combined Joint All Domain Command and Control (CJADC2) initiative.

Positive

• Secured a $48.5 million contract with the U.S. Army
• Four-year contract duration provides stable revenue stream
• GMR technology enhances battlefield communications and situational awareness
• Adaptable for deployment across multiple platforms
• Positions V2X as a key enabler for the DoD's CJADC2 initiative

Negative

• None.

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MCLEAN, Va., July 22, 2024 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) announces the award of a  $48.5 million Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Army, under the purview of the PEO Soldier portfolio, for the innovative Gateway Mission Router (GMR). The GMR creates a fully converged operational environment on the battlefield for our warfighters by seamlessly integrating information and assured communications across multiple domains. The contract spans four years and underscores V2X's commitment to delivering cutting-edge solutions in support of national defense. 

The GMR represents the pinnacle of rugged and cyber-hardened technology. Designed to facilitate real-time situational awareness, the GMR seamlessly integrates information from diverse sources across multiple domains, creating a fully converged operational environment on the battlefield. Offering platform independence, the GMR is adaptable for deployment across aviation and ground vehicle platforms, ensuring versatility and effectiveness in a variety of operational scenarios.

"V2X's receipt of this contract marks a significant milestone in our ongoing partnership with the U.S. Army," said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. "Our commitment to innovation and mission excellence enables us to deliver solutions like the Gateway Mission Router that enhance mission effectiveness and support our nation's defense objectives."

V2X continues to expand its presence within the U.S. Army, with the integration of GMR across numerous platforms. The GMR family's wide-ranging flexibility positions it as a key enabler for the Department of Defense's Combined Joint All Domain Command and Control (CJADC2) initiative, demonstrating V2X's dedication to advancing modern warfare 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 is the value of the contract V2X (VVX) secured with the U.S. Army in July 2024?

V2X (VVX) secured a $48.5 million Indefinite Delivery Indefinite Quantity (IDIQ) contract with the U.S. Army in July 2024.

What is the duration of the Gateway Mission Router (GMR) contract awarded to V2X (VVX)?

The Gateway Mission Router (GMR) contract awarded to V2X (VVX) spans four years.

What is the primary function of the Gateway Mission Router (GMR) developed by V2X (VVX)?

The Gateway Mission Router (GMR) developed by V2X (VVX) creates a fully converged operational environment on the battlefield by integrating information and assured communications across multiple domains.

How does the Gateway Mission Router (GMR) support the U.S. Department of Defense's initiatives?

The Gateway Mission Router (GMR) supports the U.S. Department of Defense's Combined Joint All Domain Command and Control (CJADC2) initiative by enhancing battlefield communications and situational awareness across multiple platforms.