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Shareholders at Vectrus (NYSE: VEC) approved Wednesday the company’s proposed combination with Vertex and both parties expect the transaction to close in the third quarter of 2022. The combined entity will adopt the name V2X and trade on the New York Stock Exchange under the ticker symbol “VVX” upon the deal’s closing, Vertex said Wednes...

Chuck Prow, CEO of Vectrus (NYSE: VEC) and an eight-time Wash100 winner, attributed the 5.2 percent year-over-year growth in the company’s fiscal 2022 first-quarter revenue partly to its continued phase-in work under the U.S. Army’s Logistics Civilian Augmentation Program V. The Colorado Springs-based government services contractor said ...

Ken Hunzeker, former president and CEO of Vectrus (NYSE: VEC), has joined the board of directors for SparkCognition‘s subsidiary that develops artificial intelligence technology for government and national defense applications. The retired Army lieutenant general will serve on the board of SparkCognition Government Systems, where he brings mor...

The Department of Defense has selected Vectrus (NYSE: VEC) to complete application development work for a 5G-based warehouse project at Naval Base Coronado in San Diego. An assessment team for the NBC 5G Smart Warehouse project evaluated applications from Vectrus and two other companies as part of a down-select process during the initial phase and...

Vectrus (NYSE: VEC) saw its full 2021 revenue increase 28 percent to $1.78 billion and reported $419.4 million in sales for the fourth quarter of 2021, up 18 percent from the prior-year period. The Colorado Springs, Colorado-based government services contractor said Monday it ended the year with a total backlog of $5 billion, of which...

Vectrus (NYSE: VEC) has received a $250 million cost-plus-fixed-fee task order from the U.S. Army to perform logistics support work for Fort Benning in Georgia. The award falls under the Enhanced Army Global Logistics Enterprise contract and includes options that would extend services through December 2026, the company said Tuesday. Chuck Prow, pres...

Executive Mosaic is honored to present Vectrus President and CEO Chuck Prow as a 2022 Wash100 Award recipient, the eighth time he’s won the prestigious award in the nine-year history of Executive Mosaic’s annual selection of executives with staying power and influence in the government contracting sector. Vectrus kicked off 2021 with the acq...

The Naval Facilities Engineering Systems Command has issued an $800 million modification to a multiple-award contract with five companies that provide incidental construction and other global contingency services to the U.S. military. KBR (NYSE: KBR), Vectrus (NYSE: VEC), IAP and ECC joint venture, Fluor (NYSE: FLR) and AECOM (NYSE: ACM) will share ...

Seth Eaton, a veteran technology executive, has joined PAE (Nasdaq: PAE) as chief technology officer and vice president of technology innovation within the company’s national security services division. He will develop and oversee the implementation of the Falls Church, Virginia-based defense and government services contractor’s strategy for fie...

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