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Tag Archives: VEC

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 …

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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. …

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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 …

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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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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% …

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Former Fluor Exec Kevin Leonard Joins Vectrus as Facility, Logistics Services SVP

Kevin Leonard, former vice president of contingency operations at Fluor‘s (NYSE: FLR) government group and a retired U.S. Army major general, has joined Vectrus (NYSE: VEC) as senior VP of the Colorado Springs-based company’s facility and logistics services business. Vectrus said that Leonard will oversee the unit’s efforts to develop and implement short- and long-term growth …

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Vectrus to Support Keesler Air Force Base Operations Under $97M Contract

Vectrus (NYSE: VEC) has won a one-year, $97.3 million contract from the U.S. Air Force to provide operations support services at Keesler Air Force Base in Mississippi. The Defense Department said Wednesday Vectrus will support the military base in 11 functional areas that include community services, emergency response management, grounds maintenance, human resource …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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February 21 Market Close: GovCon Index Hits 5th Straight Record Close, Wal-Mart Sales Beat Lifts US Stocks

Executive Mosaic’s GovCon Index climbed to a record close for a fifth straight session Monday with Boeing (NYSE: BA) the main contributor along with mid-tier aerospace gains as U.S. stocks also pushed to new all-time highs after Wal-Mart reported quarterly sales above Wall Street’s forecasts. GovCon Index advancers outnumbered decliners by a 9-to-1 …

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February 17 Market Close: GovCon Index Sets 5th Straight Record Close on Boeing & Huntington Ingalls Lifts

Executive Mosaic’s GovCon Index crawled to a fifth straight record close Friday to extend its current stretch of weekly gains to three and record a five-day advance of 2.72 percent . The U.S. stock benchmark S&P 500 also inched to a record close for a weekly gain of more than 1 percent despite investor …

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