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The GovCon Index followed the steep downturn in U.S. markets Monday with a decline of 1.027 percent to 70.035 spurred by new declines in oil prices and worries about the pace of future interest rate increases by the Federal Reserve. Monday also represented the first day of Colorado Springs-based government services contractor Vectrus‘ (NYSE: V...
Vectrus (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 am...
Weekly Roundup Oct 12 – Oct 16 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The military’s chief weapons buyer took to the TV airwaves this week to expand further on his message that the defense prime contractor landscape should remain in ...
Rene “Chico” Moline, formerly a business lead at Harris Corp. (NYSE: HRS), has joined Vectrus (NYSE:VEC) as vice president of the Colorado Springs-based company’s information technology and network communication service line. He will oversee Vectrus’ efforts to execute its short...
Vectrus Systems, a subsidiary of Exelis (NYSE: XLS) spinoff company Vectrus (NYSE: VEC), will provide operations and maintenance support for the U.S. Army‘s communications equipment and information systems under a $160.2 million contract modification. The Defense Department said Thursday Vectrus will support the Army NetworkÂ...
Exelis (NYSE: XLS) has announced financial results for the fourth quarter and its full 2014 fiscal year ended Dec. 31, 2014. Exelis said the results reflect the September 2014 spinoff of its former mission systems business into the company now known as Vectrus. The McLean, Va.-based defense technology maker said its revenue for the quart...
Executive Mosaic, Tysons Corner, VA February 24, 2015 – Kenneth Hunzeker, president and CEO of Vectrus, has been inducted as one of this year’s Wash100 most influential leaders in GovCon for his transitional leadership role. The Wash100 is the premier group of private and public...
A Denmark-based company owned by Vectrus (NYSE: VEC) has won a potential $411 million contract from the U.S. Air Force to provide maintenance services at Thule Air Base in northern Greenland. USAF is obligating $505, 789 at the time of award from operations and maintenance funds in fiscal 2015, the Defense Department said Friday. Vectrus’...
Exelis (NYSE: XLS) has completed the spinoff of its mission systems business unit into a standalone company called Vectrus. Vectrus will trade under the “VEC” ticker symbol beginning on Monday and aims to deliver information technology, infrastructure and supply chain management, network communication and logistics services in the govern...
Exelis‘ (NYSE: XLS) board of directors has approved the spinoff of the company’s mission systems business division into a separate, publicly traded company that will operate as Vectrus. The companies have set Sept. 27 as the date to complete the transaction and Vectrus will begi...
