V2X CEO and President Chuck Prow has been recognized for the tenth time by Executive Mosaic for the Wash100 Award. Prow continually impresses EM through his galactic growth of V2X and aggressive pursuit of new contract awards.
The Wash100 Award is given to the group of 100 individuals EM deems the stand-outs and talents-to-watch in the government contracting market and federal sector. Be they a C-suite executive, a technology innovator or an influential government official, these are the people to watch in the GovCon market in the coming year. Browse this year’s full list of recipients and cast your votes for your 10 favorites at Wash100.com!
“Receiving the 2024 Wash100 Award highlights V2X’s continued progress as the leader in the operational segment of the broader federal services market. Our team’s exceptional performance in support of our clients underscores our commitment to their missions,” commented Prow.
“As we look to the future, we are dedicated to enhancing business performance while providing an even higher level of satisfaction for our clients and shareholders and more opportunities for our people. I always remind my colleagues that given the current global landscape, the importance of our work has never been more evident,” he continued.
“The ageless ten-time Wash100 winner Chuck Prow is continuing his grinding pursuit of dominance in the federal services market. Under Chuck’s laser-like leadership, V2X hit $1 billion in revenue and $13.3 billion in total backlog during the third quarter of 2023, and the company has expanded its presence in global markets such as the Middle East and the Pacific,” said Jim Garrettson, CEO of Executive Mosaic and founder of the Wash100.
“The sun never sets on V2X’s global business enterprise. As Chuck further integrates the two companies that merged to create V2X, he is building a monumental GovCon force that is sure to reshape federal services and drive modernization in the public sector,” he added.
As Garrettson notes, in 2023, Prow led V2X to historic heights: in Q3, their team logged the highest-ever top-line for the company — a sizable $1 billion in revenue. This was due to $1.3 billion in contract awards, accruing to a $13.3 billion backlog, which was another record for the organization.
“We are pleased with our continued revenue growth and record backlog which is supported by the momentum generated through our efforts to converge solutions across our clients’ mission lifecycle,” Prow said at the time.
“V2X is differentiating its capability offerings through the intersection of technology and operations, which we believe will continue to create value for our shareholders,” he continued.
The company built up to these landmark achievements throughout the year. In April, it received a seven-year, $440 million award from the U.S. Navy to conduct aircraft maintenance services, logistics and technical support for weapons development and test squadrons at two California naval bases.
The same month, it relocated its headquarters to Tysons Corner, Virginia, establishing a new office space befitting the combination of the two brands, Vectrus and the Vertex Company, which merged to form V2X in 2022. In recognition of the success of their transition, V2X won the Deal of the Year Award in the $250 million and up category at the Association for Corporate Growth’s 21st Annual Corporate Growth Awards.
Continuing and expanding current obligations was a key to the company’s success during the year. In February, it was announced V2X would provide logistics support services under a $265 million U.S. Army contract modification, which is a function of the Enhanced Army Global Logistic Enterprise program.
Further still, in June, the company impressively maintained its position on a potential 10-year, $32.5 billion U.S. Air Force contract vehicle to assist global service member training programs.
“This partnership enables us to develop, install, and provide long-term support for cutting-edge technologies that shape the future of warfighter training,” Prow said.
Executive Mosaic is proud to present Chuck Prow with the 2024 Wash100 Award and extends its congratulations to Prow and the whole team at V2X.
Every year, once the full Wash100 list is announced, EM holds a popular vote contest to gauge which winners our audience is most enthusiastic about. Cast your 10 votes here!