V2X to Modernize and Upgrade F-16 Cockpits Under $425 Million Award

Rhea-AI Summary

V2X (NYSE: VVX) was awarded a 10-year, $425 million indefinite-delivery/indefinite-quantity contract to modernize and upgrade cockpit displays for the U.S. Air Force F-16 fleet.

Under the award V2X will supply center display unit full kits, line- and shop-replaceable units, and related support hardware. Work will be performed at V2X's Indianapolis facility and is expected to be completed by September 2035. The company says this is the largest award received for its F-16 CDU program and emphasizes cost-effective technology insertion with minimal retrofit to reduce lifecycle costs.

Positive

• $425 million contract value over 10 years
• Largest award yet for V2X's F-16 CDU program
• Work located at Indianapolis facility through Sept 2035

Negative

• Contract value will be recognized over a 10-year period

News Market Reaction – VVX

-0.51%

1 alert

-0.51% News Effect

On the day this news was published, VVX declined 0.51%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Contract value: $425 million Contract term: 10 years Completion target: September 2035

3 metrics

Contract value $425 million Indefinite-delivery, indefinite-quantity award for F-16 cockpit displays

Contract term 10 years Duration of F-16 cockpit modernization IDIQ award

Completion target September 2035 Expected completion of F-16 cockpit display modernization work

Market Reality Check

Price: $70.00 Vol: Volume 862,529 vs 20-day ...

high vol

$70.00 Last Close

Volume Volume 862,529 vs 20-day average 302,895 (relative volume 2.85), indicating elevated pre-news activity. high

Technical Price $55.00 is above the 200-day MA at $51.86, reflecting a prior uptrend into this award.

Peers on Argus

Peers show mixed moves: ATRO +6.1%, DCO +2.88%, RDW +3.65%, CDRE +1.05%, while E...

Peers show mixed moves: ATRO +6.1%, DCO +2.88%, RDW +3.65%, CDRE +1.05%, while EVEX is -2.08%. With no peers in the momentum scanner and VVX up 4.11%, trading appears more stock-specific than a broad sector move.

Common Catalyst Limited same-day peer news, with only DCO reporting a credit facility amendment, suggesting no shared sector catalyst.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Defense contract win	Positive	+1.8%	Award of $980M ATS IDIQ with up to 10-year ordering period.
Dec 01	Defense contract win	Positive	-0.5%	10-year, $425M F-16 cockpit modernization IDIQ award.
Nov 18	Strategic acquisition	Positive	-2.2%	Acquisition of QinetiQ U.S. intelligence business for ~$24M.
Nov 12	Secondary offering	Negative	-1.6%	Vertex-related holders sell 2.25M VVX shares in underwritten deal.
Nov 03	Earnings and guidance	Positive	+2.3%	Record Q3 revenue, higher EPS, raised 2025 guidance, new awards.

Pattern Detected

VVX has generally traded in line with clearly positive or negative catalysts, but some positive contract wins and acquisitions have seen short-term price divergences.

Recent Company History

Over the last few months, V2X reported Q3 2025 revenue of $1.17 billion with higher EPS and raised guidance, alongside share repurchases and a strategic intelligence acquisition. The company has secured major Air Force awards, including a $425 million F‑16 cockpit display IDIQ and a separate $980 million ATS support IDIQ. A November secondary sale by a large holder and related governance changes weighed on shares. Today’s F‑16 cockpit contract fits this pattern of growing defense backlog.

Market Pulse Summary

This announcement adds a $425 million, 10‑year F‑16 cockpit modernization IDIQ extending work throug...

Analysis

This announcement adds a $425 million, 10‑year F‑16 cockpit modernization IDIQ extending work through September 2035. It follows earlier awards and record Q3 revenue, reinforcing V2X’s positioning in U.S. Air Force support programs. Investors may track how this contract converts into funded backlog and revenue, and how it interacts with recent shareholder secondary activity and governance changes disclosed in recent SEC filings.

Key Terms

indefinite-delivery, indefinite-quantity, center display units, line-replaceable units, shop-replaceable units

4 terms

indefinite-delivery, indefinite-quantity regulatory

"awarded a 10-year, $425 million indefinite-delivery, indefinite-quantity contract"

A contract where a buyer agrees to purchase goods or services over a set period without fixing the exact delivery schedule or total quantity up front; the buyer issues individual orders as needs arise within agreed minimum and maximum limits. For investors, these deals can create a reliable stream of potential future revenue and a measurable backlog, while still leaving uncertainty because actual sales depend on the buyer’s ordering decisions — similar to a standing shopping agreement that guarantees at least some business but not a fixed number of items.

center display units technical

"V2X will provide center display units (CDU's) full kits"

Center display units are freestanding product fixtures placed in the middle of a store aisle or sales floor to showcase items outside regular shelving. They act like a prominent table or island that catches shoppers’ attention, driving impulse buys and short-term sales; investors watch their presence and sales performance as a sign of retailer support, marketing effectiveness and potential impact on revenue and inventory turnover.

line-replaceable units technical

"full kits, line-replaceable units, shop-replaceable units"

A line-replaceable unit (LRU) is a modular part of complex equipment designed to be removed and swapped out quickly in the field to restore functionality without sending the whole system away for repair. For investors, LRUs matter because they reduce downtime, simplify maintenance logistics, and create predictable spare-parts and service revenue streams—think of it like swapping a flat tire or a phone battery to get back on the road fast rather than taking the whole vehicle or device to a shop.

shop-replaceable units technical

"full kits, line-replaceable units, shop-replaceable units"

Shop-replaceable units are components of machinery or equipment that must be removed and swapped in a repair facility rather than replaced on the spot, often requiring specialized tools, testing or trained technicians. For investors, they matter because items that need shop-level repair tend to increase maintenance time and cost, influence downtime and service revenue, and can concentrate repair work with authorized service providers—similar to sending a complex appliance to a specialty shop instead of swapping a simple part at home.

AI-generated analysis. Not financial advice.

RESTON, Va., Dec. 1, 2025 /PRNewswire/ -- V2X, Inc. (NYSE: VVX), announced it has been awarded a 10-year, $425 million indefinite-delivery, indefinite-quantity contract to modernize and upgrade cockpit displays for the U.S. Air Force F-16 fleet.

Under the contract, V2X will provide center display units (CDU's) full kits, line-replaceable units, shop-replaceable units, and related support hardware for the combat jet.

"This is a great example of how smart modernization can deliver immediate mission enhancement," said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. "By upgrading the F-16 cockpit display at a significantly lower cost than full replacement, we are strengthening the digital backbone of the aircraft and enhancing operational effectiveness for decades to come."

The award builds on past orders and represents the largest award we have received for the F-16 CDU program. V2X's approach to cockpit modernization delivers cost-effective technology insertion with minimal retrofit, ensuring enhanced combat effectiveness while reducing overall lifecycle costs.

Work will be performed at V2X's facility in Indianapolis, Indiana, and is expected to be completed by September 2035.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-to-modernize-and-upgrade-f-16-cockpits-under-425-million-award-302628182.html

SOURCE V2X, Inc.

FAQ

What did V2X announce on December 1, 2025 regarding the F-16 program (VVX)?

V2X announced a 10-year, $425 million IDIQ contract to modernize F-16 cockpit displays.

How long will V2X's F-16 cockpit upgrade contract (VVX) last and when does work finish?

The contract spans 10 years, with work expected to be completed by September 2035.

What products will V2X supply under the $425 million VVX contract for F-16s?

V2X will provide center display unit full kits, line-replaceable units, shop-replaceable units, and support hardware.

Where will V2X perform work for the F-16 CDU award (VVX)?

Work will be performed at V2X's facility in Indianapolis, Indiana.

Why does V2X say the F-16 CDU contract (VVX) matters for operators?

The company says upgrades deliver cost-effective technology insertion with minimal retrofit to enhance combat effectiveness and reduce lifecycle costs.

Does the F-16 CDU award represent a major milestone for V2X (VVX)?

Yes; V2X described this as the largest award received for its F-16 CDU program.