GovCon Wire Your Direct Source for Government Contracting News
Vectrus (NYSE: VEC) has purchased integrated electronic security systems provider Advantor Systems for $44M from McCarthy Capital and Infrasafe.
Read More »Vectrus Buys Electronic Security Tech Provider Advantor; Chuck Prow Quoted
United Technologies Replaces KeyW on GovConIndex, Dana Deasy Receives New Role, Massive Contract Awards & Weekly Top 10 Stories
Following Jacobs Engineering Group’s (JEC) official acquisition of KeyW on June 12th, United Technologies Corp. (UTX) has replaced KeyW as a member of the GovConIndex. You can find the daily performance of the GovCon industry, the latest financial news and expert analysis on the GovConIndex right here. UTX joins the …
Read More »Executive Mosaic Updates GovConIndex; UTC Replaces KeyW
Executive Mosaic management has updated the GovConIndex to replace KeyW as a member of the “GovCon30” with United Technologies Corp. (UTX) following the completion of Jacobs Engineering Group’s (JEC) acquisition of KeyW on June 12th. UTC joins the GovConIndex as one of 30 publicly traded GovCon firms to represent a cross-industry analysis of the overall performance of the GovCon sector.
Read More »State Dept Picks 11 Firms for Potential $6B Diplomatic Platform Support Services IDIQ
The State Department has awarded 11 companies potential five-year contracts worth up to $6B combined to provide diplomatic platform support services.
Read More »William Noon Appointed Interim CFO at Vectrus
William Noon, a corporate vice president and chief accounting officer at Vectrus (NYSE: VEC), has been selected by the board to serve as acting chief financial officer of the company starting April 15. Noon will assume the responsibilities of the departing Matthew Klein, a senior VP and CFO at Vectrus, …
Read More »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 Reports 24% Rise in Q2 2018 Revenue; Chuck Prow Comments
Vectrus (NYSE: VEC) recorded $321 million in revenue for the second quarter of fiscal 2018, up 24 percent from the same period last year. Chuck Prow, Vectrus president and CEO, said in a statement published Tuesday the revenue increase can be associated with the company’s acquisition of SENTEL and 12 …
Read More »Vectrus Subsidiary to Maintain Sheppard AFB Facilities Under $84M Contract; Chuck Prow Comments
A Vectrus (NYSE: VEC) subsidiary has secured a potential seven-year, $84 million contract to perform maintenance services in support of Sheppard Air Force Base in Texas. The company said Tuesday its Vectrus Systems subsidiary will deliver support in the areas of installation management, operations and maintenance, installation engineering and emergency management under the U.S. …
Read More »IBM Vet David Hathaway Named Vectrus IT, Network Comm Services SVP
David Hathaway, formerly vice president, partner and head of defense and intelligence industry team at IBM’s (NYSE: IBM) global business services unit, has joined Vectrus (NYSE: VEC) as senior VP for information technology and network communication services, GovConWire has learned. Hathaway oversees the development and implementation of network communications and …
Read More »Vectrus Lands $212M Army Contract Modification for Comms & Info Systems Support
Vectrus (NYSE: VEC) has secured a $212 million contract modification from the U.S. Army to support communications equipment and information systems of the Army Network Enterprise Technology Command and its subordinate units in the Southwest Asia theater of operations. The Defense Department said Friday the company will perform work in Afghanistan, …
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