V2X SEC Filings

V2X, Inc. reported Q3 2025 results with revenue of $1,167.1 million, up from $1,081.7 million a year ago. Operating income rose to $55.7 million from $49.9 million, and net income increased to $24.6 million. Diluted EPS was $0.77 versus $0.47 in the prior year quarter.

Growth was driven by program ramp-ups, with U.S. revenue up 13.2% and Europe up 19.2%, partially offset by small declines in the Middle East and Asia. Interest expense fell to $20.0 million from $27.2 million, aided by $0.7 million of swap gains. Year to date, operating cash flow was a use of $27.5 million, reflecting timing in receivables and working capital; cash ended at $182.3 million.

The balance sheet shows long-term debt of $1,089.3 million and short-term debt of $14.9 million; the company had $475.9 million revolver availability and $24.1 million in outstanding letters of credit. Remaining performance obligations were $3.48 billion, and total backlog was $11.57 billion, with funded backlog of $2.28 billion. Management noted the ongoing U.S. federal government shutdown and said funded work continues, while a prolonged shutdown could materially affect bookings, backlog, and cash flows.

BlackRock, Inc. filed a Schedule 13G disclosing beneficial ownership of 1,740,104 shares of V2X, Inc. (VVX) common stock, representing 5.5% of the class as of 09/30/2025. BlackRock reports sole voting power over 1,695,948 shares and sole dispositive power over 1,740,104 shares, with no shared voting or dispositive power.

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of V2X. Various persons may have rights to dividends or sale proceeds through BlackRock-managed accounts, with no single person over five percent.

Shawn Mural, Senior Vice President and Chief Financial Officer of V2X, Inc. (VVX), reported transactions dated 10/09/2025. The filing shows a sale of 1,717 shares of common stock at a price of $59.11, reducing reported common-stock holdings. The report also records the receipt/vesting of 3,805 restricted stock units (RSUs) that convert one-for-one into common stock; these RSUs were originally awarded on 10/09/2023 and vest in three equal annual installments beginning on 10/09/2024. After the transactions the reporting person’s listed beneficial ownership totals include 9,658 common shares and 3,805 underlying shares from RSUs.

American Industrial Partners-affiliated entities reported a Section 16 Form 4 disclosing an insider sale and current holdings in V2X, Inc. (VVX). On 09/11/2025 a sale (code S) of 1,700,000 shares of VVX common stock was reported at a price of $52.203 per share. After the reported transactions, the filing shows 8,000,001 shares beneficially owned indirectly by certain AIP-related entities and an additional 375,420 shares beneficially owned indirectly by Lightship Capital LLC, with all holdings described as indirect. The reporting persons include American Industrial Partners Capital Fund VI, L.P. and related entities; Mr. Dino Cusumano is identified as a senior managing member of AIP GP and a director of the issuer, and the filing includes the standard disclaimer of beneficial ownership by Mr. Cusumano except for pecuniary interest.

Amendment No. 7 to the Schedule 13D for V2X, Inc. updates beneficial ownership and discloses a Rule 144 sale. On September 11, 2025 Vertex Holdco sold 1,700,000 shares at $52.203 per share via Rule 144, reducing its percentage ownership. Under the V2X Shareholders Agreement this reduction triggers the obligation for one director designated by Vertex Holdco to resign no later than the 2026 Annual Meeting; Vertex Holdco expects one of its designated directors to tender a resignation prior to that meeting. The Reporting Persons collectively may beneficially own 8,467,286 shares, representing 26.9% for AIPCF VI, LLC and 25.7% for other affiliated filers based on 31,509,821 shares outstanding as of August 11, 2025, after a 200,000-share repurchase. Aside from the August secondary offering and the September Rule 144 sale, no transactions occurred in the prior 60 days.

Form 4 filing for V2X, Inc. (VVX) reports insider transactions by Director Dino M. Cusumano. The earliest reported transaction occurred on 09/11/2025 and shows a sale of 1,700,000 shares of common stock at a price of $52.203 per share. After the reported transactions, the filing lists 8,000,001 shares beneficially owned indirectly by Vertex Aerospace Holdco LLC and 375,420 shares beneficially owned indirectly by Lightship Capital LLC. The filing explains these holdings arise through a chain of affiliated entities and notes that any action by AIP GP requires unanimous managing member approval. The reporting form was signed by an attorney-in-fact on 09/15/2025.

Form 144 notice by an unnamed insider of V2X, Inc. (symbol VVX) reports a proposed sale of 1,700,000 shares of common stock through RBC Capital Markets on 09/10/2025 at an aggregate market value of $93,415,000. The filing states the company has 31,509,821 shares outstanding, so the proposed sale equals approximately 5.4% of outstanding shares.

The securities were acquired on 07/05/2022 as merger consideration (18,500,001 shares acquired on that date). The filer reports no securities sold in the past three months and includes the standard representation that they are not aware of undisclosed material adverse information about the issuer.

David E. Farnsworth, a director of V2X, Inc. (VVX), received an award of 1,948 restricted stock units (RSUs) on 08/14/2025 that convert one-for-one into V2X common stock. The RSUs carry a reported price of $0, are held directly, and the filing shows 1,948 shares beneficially owned following the grant. The RSUs are scheduled to vest on the earlier of the V2X 2026 Annual Shareholders' Meeting or May 8, 2026. The Form 4 was submitted indicating the reporting person is a director and was signed by an attorney-in-fact on 08/18/2025.

V2X, Inc. (VVX) filed an Initial Statement of Beneficial Ownership (Form 3) for David E. Farnsworth dated 08/14/2025. Mr. Farnsworth is disclosed as a director of the issuer and the filing states no securities are beneficially owned by him. The form was signed by an attorney-in-fact on behalf of the reporting person and includes an Exhibit 24 Power of Attorney.