GovCon Wire Your Direct Source for Government Contracting News
Vectrus (NYSE: VEC) will continue to help U.S. Army personnel manage and secure operations at the service branch's installation in Kuwait under a $529M contract modification.
Read More »Vectrus Gets $529M Modification on Army Base Support Contract
Vectrus Recorded $3B in Total Backlog, 15% Revenue Growth in 2018; Chuck Prow Quoted
Vectrus (NYSE: VEC) saw its full-year 2018 revenue grow 15 percent to $1.3B and ended the year with $3B in total backlog. The Colorado Springs, Colo.-based government services contractor said Tuesday it recorded $48.3M in 2018 operating income with diluted earnings per share of $3.10 and $40M in net cash …
Read More »Vectrus Announces Positive First Quarter Results
Vectrus, Inc. (NYSE:VEC) saw its stock rise 3 percent after it announced better than expected first quarter 2017 results of $290.1 million revenue, and operating income of $11.6 million and diluted earnings per share of $0.60. Net cash provided by operating activities was $9.9 million in the first quarter or 4% …
Read More »Vectrus Says Army to Re-Open Bids for Kuwait Logistics Contract, Narrows Earnings Guidance With Revenue Outlook Lift
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 Government Accountability Office decision on a …
Read More »September 30 Market Close: GovCon Index Held By Vectrus Plunge Against S&P Gain, Post 2nd Straight Down Month
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 …
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