V2X, Inc. (VVX) holder updates 16.1% stake after share sale

Rhea-AI Filing Summary

V2X, Inc. saw an update from a major shareholder group that filed Amendment No. 9 to report changes in its ownership. On December 12, 2025, Vertex Aerospace Holdco LLC sold 1,200,000 shares of V2X common stock under Rule 144 at $55.05 per share.

After this and prior activity, entities controlled by AIPCF VI, LLC beneficially own 5,017,286 shares of V2X common stock, representing 16.1% of the company, based on 31,168,081 shares outstanding as of November 13, 2025 after a 363,638‑share repurchase. This total includes 4,550,001 shares held by Vertex Aerospace Holdco LLC, 375,420 shares held by Lightship Capital LLC, and 91,865 shares subject to an irrevocable proxy in favor of Vertex Aerospace Holdco LLC.

Insights

Equity ownership and governance analyst

Major V2X holder reports 16.1% stake after 1.2M-share Rule 144 sale.

An AIPCF VI, LLC–controlled group now reports beneficial ownership of 5,017,286 V2X common shares, equal to 16.1% of the company. This figure is calculated against 31,168,081 shares outstanding as of November 13, 2025, after a 363,638‑share repurchase. The stake is composed of 4,550,001 shares held by Vertex Aerospace Holdco LLC, 375,420 shares held by Lightship Capital LLC, and 91,865 shares subject to an irrevocable voting proxy in favor of Vertex Aerospace Holdco LLC.

The amendment highlights that on December 12, 2025, Vertex Aerospace Holdco LLC sold 1,200,000 V2X shares under Rule 144 at $55.05 per share. Despite this sale, the AIPCF VI, LLC–controlled entities remain a significant shareholder group with the ability to influence voting outcomes through their combined holdings and proxy rights.

The disclosure also notes that, aside from a November 2025 secondary offering, the reporting persons have not transacted in V2X common stock during the prior 60 days. This frames the 1.2 million‑share Rule 144 sale as the key recent liquidity event from this holder group, while confirming their continued sizable presence on the share register.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 9)

V2X, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

92242T101

(CUSIP Number)

Joel M. Rotroff
450 Lexington Avenue, 40th Floor,
New York, NY, 10017
(212) 627-2360

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

12/12/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 92242T101

1

Name of reporting person

American Industrial Partners Capital Fund VI, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,641,866.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,550,001.00

11

Aggregate amount beneficially owned by each reporting person

4,641,866.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Row 8, 10 and 11. Includes 4,550,001 shares owned directly by Vertex Aerospace Holdco LLC ("Vertex Holdco") and indirectly by American Industrial Partners Capital Fund VI, L.P. ("AIP Fund VI") and AIPCF VI Vertex Aerospace Funding LP ("Vertex Funding"). Row 8 and 11. Includes 91,865 shares over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters. See Item 6 of the Original Schedule 13D. Row 13. Based on 31,168,081 shares of Common Stock outstanding as of September 26, 2025 (after giving effect to the Issuer's share repurchase on November 13, 2025).

SCHEDULE 13D

CUSIP No. 92242T101

1

Name of reporting person

AIPCF VI Vertex Aerospace Funding LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,641,866.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,550,001.00

11

Aggregate amount beneficially owned by each reporting person

4,641,866.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Row 8, 10 and 11. Includes 4,550,001 shares owned directly by Vertex Holdco and indirectly by AIP Fund VI and Vertex Funding. Row 8 and 11. Includes 91,865 shares over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters. See Item 6 of the Original Schedule 13D. Row 13. Based on 31,168,081 shares of Common Stock outstanding as of September 26, 2025 (after giving effect to the Issuer's share repurchase on November 13, 2025).

SCHEDULE 13D

CUSIP No. 92242T101

1

Name of reporting person

Vertex Aerospace Holdco LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,641,866.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,550,001.00

11

Aggregate amount beneficially owned by each reporting person

4,641,866.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 8 and 11. Includes 91,865 shares over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters. See Item 6 of the Original Schedule 13D. Row 13. Based on 31,168,081 shares of Common Stock outstanding as of September 26, 2025 (after giving effect to the Issuer's share repurchase on November 13, 2025).

SCHEDULE 13D

CUSIP No. 92242T101

1

Name of reporting person

AIPCF VI, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,017,286.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,925,421.00

11

Aggregate amount beneficially owned by each reporting person

5,017,286.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 8, 10 and 11. Includes (i) 4,550,001 shares owned directly by Vertex Holdco and indirectly by AIP Fund VI and Vertex Funding, and (ii) 375,420 shares owned directly by Lightship Capital LLC ("Lightship"). As described in Item 2 herein, each of AIP Fund VI, Vertex Funding, Vertex Holdco and Lightship are under common control of AIPCF VI, LLC ("AIP GP" and, together with AIP Fund VI, Vertex Funding, Vertex Holdco and Lightship, the "Reporting Persons"). Row 8 and 11. Includes 91,865 shares over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters. See Item 6 of the Original Schedule 13D. Row 13. Based on 31,168,081 shares of Common Stock outstanding as of September 26, 2025 (after giving effect to the Issuer's share repurchase on November 13, 2025).

SCHEDULE 13D

CUSIP No. 92242T101

1

Name of reporting person

Lightship Capital LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 375,420.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 375,420.00

11

Aggregate amount beneficially owned by each reporting person

375,420.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 13. Based on 31,168,081 shares of Common Stock outstanding as of September 26, 2025 (after giving effect to the Issuer's share repurchase on November 13, 2025).

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: V2X, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1875 Campus Commons Drive, Suite 305, Reston, VIRGINIA , 20191.
Item 1 Comment: Explanatory Note This Amendment No. 9 to the statement on beneficial ownership on Schedule 13D (this "Amendment No. 9") amends and supplements the information set forth in the Statement on Schedule 13D filed by the Reporting Persons with the SEC on July 15, 2022, as amended by Amendment No. 1 thereto filed by the Reporting Person with the SEC on September 15, 2022, Amendment No. 2 thereto filed by the Reporting Person with the SEC on September 10, 2024, Amendment No. 3 thereto filed by the Reporting Person with the SEC on September 16, 2024, Amendment No. 4 thereto filed by the Reporting Person with the SEC on November 18, 2024, Amendment No. 5 thereto filed by the Reporting Person with the SEC on May 21, 2025, Amendment No. 6 thereto filed by the Reporting Person with the SEC on August 13, 2025, Amendment No. 7 thereto filed by the Reporting Person with the SEC on September 15, 2025 and Amendment No. 8 thereto filed by the Reporting Person with the SEC on November 17, 2025 (collectively, the "Original Schedule 13D"). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Original Schedule 13D. Except as specifically provided herein, this Amendment No. 9 does not modify any of the information previously reported in the Original Schedule 13D.
Item 4.	Purpose of Transaction
	Item 4 of the Original Schedule 13D is hereby amended and supplemented as by adding the following immediately prior to the last paragraph thereof: On December 12, 2025, Vertex Holdco sold, pursuant to Rule 144 promulgated under the Securities Act of 1933, as amended (the "Securities Act"), 1,200,000 shares of Common Stock at a price of $55.05 per share.
Item 5.	Interest in Securities of the Issuer
(a)	Paragraphs (a), (b) and (c) of Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety to read as follows: The responses of the Reporting Persons to Rows (7) through (11), and (13) of the cover pages of this Amendment No. 9 are incorporated herein by reference. The Reporting Persons may be deemed to beneficially own an aggregate of 5,017,286 shares of Common Stock. This amount consists of: (i) 4,550,001 shares of Common Stock held directly by Vertex Holdco and indirectly by AIP Fund VI and Vertex Funding; (ii) 375,420 shares of Common Stock held directly by Lightship; and (iii) 91,865 shares of Common Stock over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters (described further in Item 6 of the Original Schedule 13D, under the header "Shareholders Agreement"). In its capacity as the general partner of each of AIP Fund VI and Credit Opportunity Fund, AIP GP may be deemed to indirectly beneficially own all 5,017,286 shares of Common Stock reported herein. The aggregate percentage of shares of Common Stock reported as beneficially owned by the Reporting Persons was calculated based on 31,168,081 shares of Common Stock issued and outstanding as of November 13, 2025, after the Company's completion of a repurchase of 363,638 shares of Common Stock on November 13, 2025 as disclosed in the Issuer's preliminary prospectus supplement filed with the SEC on November 13, 2025 pursuant to Rule 424(b)(5) under the Securities Act.
(b)	See Item 5(a).
(c)	Except for the November 2025 Secondary Offering, none of the Reporting Persons have effected any transaction in the Common Stock during the past 60 days.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

American Industrial Partners Capital Fund VI, L.P.

Signature:	By: AIPCF VI, LLC, its general partner By: /s/ Stan Edme
Name/Title:	Stan Edme, Managing Member and VP
Date:	12/15/2025

AIPCF VI Vertex Aerospace Funding LP

Signature:	By: AIP Vertex GP LLC, its general partner By: /s/ Stan Edme
Name/Title:	Stan Edme, Managing Member and VP
Date:	12/15/2025

Vertex Aerospace Holdco LLC

Signature:	/s/ Joel M. Rotroff
Name/Title:	Joel M. Rotroff, President
Date:	12/15/2025

AIPCF VI, LLC

Signature:	/s/ Stan Edme
Name/Title:	Stan Edme, Managing Member and VP
Date:	12/15/2025

Lightship Capital LLC

Signature:	/s/ Stan Edme
Name/Title:	Stan Edme, VP
Date:	12/15/2025

FAQ

What does the latest Schedule 13D/A for V2X (VVX) disclose?

The amendment reports that entities controlled by AIPCF VI, LLC now beneficially own 5,017,286 shares of V2X common stock, representing 16.1% of the company, and that Vertex Aerospace Holdco LLC sold 1,200,000 shares on December 12, 2025 at $55.05 per share under Rule 144.

Who are the reporting persons in the V2X (VVX) Schedule 13D/A Amendment No. 9?

The reporting persons are American Industrial Partners Capital Fund VI, L.P., AIPCF VI Vertex Aerospace Funding LP, Vertex Aerospace Holdco LLC, AIPCF VI, LLC, and Lightship Capital LLC, all organized in Delaware.

How many V2X (VVX) shares does AIPCF VI, LLC beneficially own and what is the percentage?

AIPCF VI, LLC may be deemed to beneficially own 5,017,286 V2X common shares, which is 16.1% of the outstanding common stock. This includes shares held through Vertex Aerospace Holdco LLC, Lightship Capital LLC, and shares subject to an irrevocable proxy.

How is the AIP-controlled ownership in V2X (VVX) structured?

The group’s 5,017,286 shares consist of 4,550,001 shares held directly by Vertex Aerospace Holdco LLC, 375,420 shares held directly by Lightship Capital LLC, and 91,865 additional shares over which Vertex Aerospace Holdco LLC holds an irrevocable voting proxy.

What transaction triggered this V2X (VVX) Schedule 13D/A amendment?

On December 12, 2025, Vertex Aerospace Holdco LLC sold 1,200,000 V2X common shares pursuant to Rule 144 at a price of $55.05 per share, prompting an update to the reported beneficial ownership.

How many V2X (VVX) shares are used to calculate the ownership percentages?

The ownership percentages are based on 31,168,081 shares of V2X common stock issued and outstanding as of November 13, 2025, after the company completed a repurchase of 363,638 shares on that date.

Did the reporting persons make other recent trades in V2X (VVX) stock?

The disclosure states that, apart from the November 2025 Secondary Offering, none of the reporting persons effected any transactions in V2X common stock during the 60 days prior to the amendment.