V2X Selected for DTRA's $3.5 Billion CTRIC IV Contract, Advancing Global WMD Threat Reduction
Rhea-AI Summary
V2X (NYSE: VVX) has secured a position on the Defense Threat Reduction Agency's (DTRA) $3.5 billion CTRIC IV contract. The company is one of six awardees selected for this indefinite-delivery, indefinite-quantity contract, which includes a five-year base period and five option years.
The contract supports the Department of Defense's Cooperative Threat Reduction program, focusing on reducing weapons of mass destruction threats globally. V2X will provide comprehensive support to counter chemical, biological, radiological, and nuclear threats worldwide.
Positive
- Contract ceiling value of $3.5 billion over potential 10-year period
- Selected as one of only six contractors for this strategic program
- Expands company's presence in global threat reduction initiatives
- Builds on existing track record with DTRA
Negative
- Competition from five other contractors for task orders
- Contract value represents ceiling, not guaranteed revenue
News Market Reaction
On the day this news was published, VVX gained 3.51%, reflecting a moderate positive market reaction. Argus tracked a trough of -8.3% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $61M to the company's valuation, bringing the market cap to $1.80B at that time.
Data tracked by StockTitan Argus on the day of publication.
CTRIC IV supports the Department of Defense's global Cooperative Threat Reduction program, which aims to reduce threats posed by weapons of mass destruction and related materials. Under this contract, V2X will execute current and future work to provide comprehensive support to counter and eliminate chemical, biological, radiological, and nuclear threats worldwide.
"This award underscores our proven ability to support high-consequence missions on a global scale," said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. "With our global footprint and strong operational capabilities, we are well-equipped to deliver innovative solutions in support of DTRA's mission, wherever they are needed. We're honored to be selected for the CTRIC follow-on contract, which reflects our track record of success. We look forward to building on this momentum and expanding our impact through this opportunity."
The CTRIC IV contract expands V2X's presence in critical global threat reduction efforts and reinforces its role as a trusted partner in domestic and international defense initiatives.
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.
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773
Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195
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SOURCE V2X, Inc.
FAQ
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