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Tag Archives: Vectrus

Vectrus 2016 Guidance Mixed Versus Street Estimates; 2015 & 4Q Earnings Top Analyst Forecasts

Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has issued earnings and revenue guidance for 2016 with the midpoint outlooks respectively below and level the consensus Wall Street forecast on continued declines in sales for programs based in Afghanistan. The Colorado Springs-based information technology …

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March 15 Market Close: GovCon Index Posts Loss, US Markets Hedge Ahead of Fed Statement

The GovCon Index traded in negative territory throughout the session Tuesday and closed at a decline of 0.355 points to 73.388 as U.S. stocks also held marginally downward ahead of the scheduled Wednesday afternoon statement from Federal Reserve policymakers when their two-day meeting concludes. Index stock Vectrus (NYSE: VEC), a Colorado Springs-based government technology …

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March 9 Market Close: GovCon Index Bounces Back From AM Dip, Crude Rises as Traders Await Euro Bank Decision

The GovCon Index recovered from a brief morning dip into a decline Tuesday and closed at a gain of 0.443 points to 73.042 as U.S. stocks rose in tandem with crude oil prices in New York and investors awaited a decision from Europe’s central bank on additional stimulus. Crude futures …

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February 25 Market Close: GovCon Index, US Stocks Advance on Durable Good Orders Data

The GovCon Index held strong from a choppy morning session Thursday and ended at a gain of 1.134 percent to 72.570, which brings the Index out of correction territory after a one-day re-entry at the previous session’s close. The Index was in correction, or 10 percent down from its most recent high, for 13 days …

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February 23 Market Close: GovCon Index Falls, Oil Decline & Consumer Index Miss Weigh on US Stocks

The GovCon Index failed to carry over momentum from Monday’s sharp gain and posted a decline of 0.417 points to 71.815 Tuesday as U.S. stocks also suffered losses driven by another decline in oil prices and a new Consumer Confidence Index reading that fell below economists’ expectations. Intelsat (NYSE: I) posted a second …

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February 8 Market Close: GovCon Index, US Stocks Tumble 1% on Oil & Financial Losses as Vectrus Joins GCI

The GovCon Index followed the steep downturn in U.S. markets Monday with a decline of 1.027 percent to 70.035 spurred by new declines in oil prices and worries about the pace of future interest rate increases by the Federal Reserve. Monday also represented the first day of Colorado Springs-based government …

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Vectrus to Support Army Equipment Sustainment in Kuwait for $145M

Vectrus (NYSE: VEC) will provide equipment maintenance, repair, storage and other services to the U.S. Army under a $145.5 million contract in support of Army Sustainment Command operations in southwest Asia. The Defense Department said Monday the company will perform work in Kuwait through Feb. 28, 2017. The contract has an …

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Weekly Roundup Oct 12 – Oct 16 2015: Frank Kendall Expands Thoughts on Defense Sector Consolidation Prospects & more

Weekly Roundup Oct 12 – Oct 16 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The military’s chief weapons buyer took to the TV airwaves this week to expand further on his message that the defense prime contractor landscape should remain in …

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Chico Moline Joins Vectrus as IT, Network Comm VP; Ken Hunzeker Comments

Rene “Chico” Moline, formerly a business lead at Harris Corp. (NYSE: HRS), has joined Vectrus (NYSE:VEC) as vice president of the Colorado Springs-based company’s information technology and network communication service line. He will oversee Vectrus’ efforts to execute its short and long-term IT and network communication programs, Vectrus said Monday. Vectrus was …

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Vectrus Systems Gets $160M Army Contract Modification for SW Asia Support

Vectrus Systems, a subsidiary of Exelis (NYSE: XLS) spinoff company Vectrus (NYSE: VEC), will provide operations and maintenance support for the U.S. Army‘s communications equipment and information systems under a $160.2 million contract modification. The Defense Department said Thursday Vectrus will support the Army Network Enterprise Technology Command‘s 160th Signal Brigade and …

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