GovCon Index-listed Vectrus (NYSE: VEC) said Tuesday the U.S. Army will seek revised proposals for a recompeted logistics contract the company originally was not selected for in late September as the program’s current iteration represents the largest the contractor’s portfolio. Vectrus added it is also awaiting a Governmen...
TYSONS CORNER, VA, Oct. 6, 2016 ” PAE and a subsidiary of Vectrus (NYSE: VEC) have unveiled a joint venture that will support efforts to capture the U.S. Army‘s Logistics Civil Augmentation Program V contract, ExecutiveBiz reported Wednesday. PAE Vectrus will have Scott Welker, former deputy commander of the Army’...
Executive Mosaic’s GovCon Index failed to reverse its steep morning decline Friday despite a significant gain by the S&P 500 as a record intraday plunge by Vectrus (NYSE: VEC) on a large contract loss weighed on the GCI against a 2-to-1 ratio in favor of green stocks. Six of the GovCon Index’s 11 S&P 500 ...
A joint venture of KBR (NYSE: KBR) and Triple Canopy has won a one-year, $117.8 million contract that includes separately-funded option periods to operate a U.S. Army base in Kuwait and provide security support services for the military branch’s area support group in the country. KBR-Triple Canopy LLC w...
Executive Mosaic’s GovCon Index started September with a slight decline Thursday to register its third straight loss as Vectrus (NYSE: VEC) plunged almost 20 percent on the loss of a contract for Middle East-based logistics services the company held since 2010. Colorado Springs-based Vectrus said pre-open the Army Prepositioned Stock...
Vectrus (NYSE: VEC) has lifted full-year earnings and revenue guidance on improved outlooks in cash flow for the 2016 second half and expectations of extra payments on debt. The Colorado Springs-based government communications services contractor now expects earnings per share in the $2.07-$2.32 range versus the previous&nbs...
TYSONS CORNER, VA, June 28, 2016 ” Vectrus (NYSE: VEC) will provide base operations support at the U.S. Army‘s Camp As Sayliyah and Camp As Sayliyah “ South in Qatar under a $26 million contract modification, ExecutiveBiz reported Monday. The company said Wednesday the modification is part of an initial contr...
The U.S. Army has awarded Vectrus (NYSE: VEC) a potential two-year, $173.8 million contract modification to support the U.S. Central Command’s enterprise network infrastructure. Vectrus’ systems business will perform work at various CENTCOM locations in Afghanistan, Bahrain, Iraq, Jordan, Kuwait, Qatar and t...
Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has lifted the lower ends of its full-year earnings and revenue outlooks in part on a large contract extension given in March. The Colorado Springs-based communications services contractor now expects earnings of at least $2.02 ...
TYSONS CORNER, VA, April 22, 2016 ” A subsidiary of Vectrus (NYSE: VEC) will provide command, control, communications and intelligence support to the U.S. Air Forces in Europe under a potential $12 million contract, ExecutiveBiz reported Thursday. The company said Wednesday the Enterprise Legacy Voice and Information System&...
