Vectrus to Support Army Equipment Sustainment in Kuwait for $145M

VectrusVectrus (NYSE: VEC) will provide equipment maintenance, repair, storage and other services to the U.S. Army under a $145.5 million contract in support of Army Sustainment Command operations in southwest Asia.

The Defense Department said Monday the company will perform work in Kuwait through Feb. 28, 2017.

The contract has an obligated amount of $16 million from the Army’s operations and maintenance funds for fiscal year 2016, DoD added.

Vectrus is the former mission systems business of Exelis before it spun off into a standalone company last year.

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