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

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.

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

Argus Dec 1 session

-0.51% close to close Open Argus

Details

News Market Reaction – VVX

On Dec 1, the day this news came out, VVX closed 0.51% below the previous close.

Data tracked by StockTitan Argus for the Dec 1 session.

Key Figures

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

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

Historical Context

5 past events · Latest: Dec 03

5 events

1. Dec 03

   Defense contract win

   24h Move

   +1.8%

   Award of $980M ATS IDIQ with up to 10-year ordering period.

2. Dec 01

   Defense contract win

   24h Move

   -0.5%

   10-year, $425M F-16 cockpit modernization IDIQ award.

3. Nov 18

   Strategic acquisition

   24h Move

   -2.2%

   Acquisition of QinetiQ U.S. intelligence business for ~$24M.

4. Nov 12

   Secondary offering

   24h Move

   -1.6%

   Vertex-related holders sell 2.25M VVX shares in underwritten deal.

5. Nov 03

   Earnings and guidance

   24h Move

   +2.3%

   Record Q3 revenue, higher EPS, raised 2025 guidance, new awards.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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. How Rhea-AI works. Not financial advice.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.