Tag Archives: VEC

The Department of Defense has made $600M in awards to support 5G testing and experimentation projects with 15 companies at five U.S. military installations. “The Department of Defense is at the forefront of cutting edge 5G testing and experimentation, which will strengthen our Nation’s warfighting capabilities as well as U.S. economic competitiveness in this critical field,” said Michael Kratsios, acting undersecretary of defense for research and engineering and U.S. chief technology officer.

Vectrus (NYSE: VEC) has won a potential five-year, $196.1M contract from the U.S. Navy to provide base operations services at Naval Station Guantanamo Bay in Cuba.

TYSONS CORNER, VA, June 2, 2020 — Vectrus (NYSE: VEC) will support base operations at the Aegis Ashore Missile Defense Facility located in Romania as part of a potential eight-year, $45M contract from the U.S. Navy, ExecutiveGov reported May 15.

Vectrus (NYSE: VEC) is expected to report $331.84M in revenues for the first quarter ended March 2020, which represents a 1.8 percent increase from the prior-year period, Zacks reported Tuesday. According to Zacks consensus estimate, the Colorado Springs, Colo.-based government services contractor is expected to record $0.77 in Q1 earnings per share, a figure that reflects a year-over-year increase of 11.6 percent.

Vectrus (NYSE: VEC) has purchased integrated electronic security systems provider Advantor Systems for $44M from McCarthy Capital and Infrasafe.

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 …

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.

The State Department has awarded 11 companies potential five-year contracts worth up to $6B combined to provide diplomatic platform support services.

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, …

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 …