Vectrus (NYSE: VEC) has agreed to acquire technology services provider Zenetex for approximately $112M as part of efforts to advance its converged infrastructure strategy and expand its customer base with the addition of new intelligence, defense and foreign military sales clients. "Zenetex broadens our reach into the Intelligence Community and expands our engineering and digital technology offerings, which is critical as we expand our capabilities to help our clients' transition to a more instrumented and converged approach to supply chain and facility management,” said Chuck Prow, president and CEO of Vectrus and a 2020 Wash100 award winner.
Read More »Pentagon Awards $600M to Advance 5G Experimentation; Michael Kratsios Quoted
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.
Read More »Vectrus Wins $196M Navy Base Operations Support IDIQ
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.
Read More »Vectrus to Help Navy Manage Romania-Based Missile Defense Facility; Chuck Prow Quoted
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.
Read More »Zacks: Vectrus Expected to Record 1.8% Rise in Q1 2020 Revenue
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.
Read More »Vectrus Buys Electronic Security Tech Provider Advantor; Chuck Prow Quoted
Vectrus (NYSE: VEC) has purchased integrated electronic security systems provider Advantor Systems for $44M from McCarthy Capital and Infrasafe.
Read More »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, …
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