V2X (NYSE: VVX) will continue providing logistics support services at Fort Benning in Georgia under a $265 million contract modification awarded as part of the Enhanced Army Global Logistic Enterprise program. The U.S. Army obligated $16.3 million in fiscal 2023 operation and maintenance funds at the time of the award and expects work to be...
Executive Mosaic is honored to recognize V2X CEO and President Chuck Prow as a winner of the 2023 Wash100 Award, an annual distinction bestowed upon the best and brightest “executives of consequence” within the vast and multi-faceted government contracting ecosystem. Prow’s win this year is attributed to his demonstr...
Ed Boyington, former president and CEO of The Vertex Company, announced in a LinkedIn post his new role as a member of the board of directors at V2X (NYSE: VVX). He was named to the board following the completion of the Vectrus-Vertex merger in July 2022, forming V2X as a new critical-mission platforms and services...
In 2022, the GovCon landscape saw announcements and completions of merger-and-acquisition deals at privately held, publicly traded and private equity backed companies that sought to expand what they could offer to their federal customers. Continuing reading below for Executive Mosaic editorial team’s rundown of transactions and insights from i...
A joint venture between the Greenlandic unit of Vectrus and construction company Permagreen has won a potential 12-year, $3.95 billion contract from the U.S. Air Force to operate and maintain the Thule Air Base in Greenland. Detachment 1 of USAF’s 21st Contracting Squadron in Copenhagen, Denmark, received four proposals for the indefinite-deli...
When Vectrus and The Vertex Company completed their merger to form V2X in July, the enterprise’s projected pro forma revenue was approximately $3.4 billion. As the year comes to a close, V2X now has a combined backlog of over $12 billion, which is three and a half times more than early estimates anticipated. Leading the merged entity’s...
V2X (NYSE: VVX) reported $958.2 million in revenue during the third quarter of 2022 and saw its pro forma revenue climb 10 percent year-over-year to $961.3 million. The company said Tuesday the quarterly results reflect the contributions of Vectrus between July 1 and end of September and Vertex from July 5 to Sept. 30. On...
Executives from government contracting and private equity firms met Thursday at the Raymond James 2022 Defense & Government Conference to share their perspectives on the federal market’s current environment and investors’ appetite for GovCon business. More than 700 attendees heard from some of the most influential individuals across ...
The U.S. Army plans to compete four Care of Supplies in Storage task orders in support of the Army Prepositioned Stock program among four prime contractors under the Logistics Civil Augmentation Program V contract, DVIDSHub reported Wednesday. These LOGCAP V contractors are Vectrus, which is being renamed V2X (NYSE: VVX) as a result of its...
The Vertex Company, which recently merged with Vectrus to form V2X (NYSE: VVX), has won a potential $280 million contract to help the U.S. Navy maintain training aircraft for service aviators and flight officers. The seven-year contract will include intermediate-level maintenance support for the T-6 Texan, T-44 Pegasus, T-45 Goshawk, TH-57 Sea Range...
