Associated tags: Agility, V2X, NYSE, Senior
Locations: JAPAN, RED HILL, VIRGINIA, AUSTRALIA, HAWAII, CA, KUWAIT, GERMANY, MIDDLE EAST, KWAJALEIN ATOLL, QATAR, PHILIPPINES
MCLEAN, Va., May 13, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX), a leading provider of global mission solutions, announced today that Jeremy Wensinger has been appointed President, Chief Executive Officer and a member of the company's Board of Directors, succeeding Chuck Prow. This appointment, which is effective as of June 17, 2024, is the result of a thorough Board-led succession planning process designed to ensure a smooth transition and continue V2X's positive business momentum.
Key Points:
- This appointment, which is effective as of June 17, 2024, is the result of a thorough Board-led succession planning process designed to ensure a smooth transition and continue V2X's positive business momentum.
- Mr. Wensinger has had a highly distinguished 35-year career as a defense and government services industry executive.
- Mr. Wensinger previously served in various leadership roles at Harris Corporation, Cobham PLC, and PAE Government Services, Inc.
- I am eager to begin working with the Board, leadership, and talented V2X team to execute on our strategic and financial goals and drive shareholder value."
MCLEAN, Va., May 7, 2024 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) announced first quarter 2024 financial results.
Key Points:
- "V2X reported a solid start to 2024 with revenue up 7% year-over-year," said Chuck Prow, President and Chief Executive Officer of V2X.
- Given our first quarter results and trends we are seeing in our business, we are reaffirming our 2024 guidance."
- "V2X reported revenue of $1.0 billion in the quarter, which represents 7.1% year-over-year growth," said Shawn Mural, Senior Vice President and Chief Financial Officer.
- "At the end of the quarter, net debt for V2X was $1,173 million.
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Management MCLEAN, Va., May 6, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) announces its continued support to the National Training Center Training Services Contract (NTCTSC) under a one-year bridge contract with the US Army.
Key Points:
- MCLEAN, Va., May 6, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) announces its continued support to the National Training Center Training Services Contract (NTCTSC) under a one-year bridge contract with the US Army.
- The NTCTSC contract enables V2X to maintain its role in supporting training operations at NTC, located in Ft. Irwin, CA.
- "With our proven track record of providing high-consequence training support to the US Army, V2X is uniquely positioned to prepare soldiers for global missions."
- This training builds on V2X's time-honored pivotal role in supporting the strategic readiness of the United States Army.
This contract supports the operation and maintenance of Navy communication, electronic, and computer systems in support of the Naval Computer and Telecommunications Area Master Station Pacific (NCTAMS PAC).
Key Points:
- This contract supports the operation and maintenance of Navy communication, electronic, and computer systems in support of the Naval Computer and Telecommunications Area Master Station Pacific (NCTAMS PAC).
- The NCTAMS PAC serves as the principal Navy hub for communications in the Pacific, providing crucial command, control, communications, computers, and intelligence support to U.S. and allied forces across the Pacific and Indian Oceans.
- "This significant award not only enables V2X to continue our crucial support of the Navy's global communication networks, but it also highlights our expanding footprint and growing solutions in the Pacific region."
- The full execution of this contract, through October 2029, underscores V2X's commitment to long-term strategic support for the U.S. Navy's operational capabilities.
This funding is a significant step forward in enhancing global security and operational readiness against evolving threats.
Key Points:
- This funding is a significant step forward in enhancing global security and operational readiness against evolving threats.
- The first part of this funding, amounting to $50 million, is a five-year project that will position V2X as the lead systems integrator under the CBRN Support to Command and Control (CSC2) program.
- In addition to the CSC2 contract, V2X is finalizing a $25 million award to modernize and re-architect the CBRN threat warning and notification application, and predictive hazard propagation tools for enhanced operational decision support.
- "Our technology-driven and converged security solutions are set to significantly boost the efficacy and responsiveness of CBRN threat detection and mitigation on an international scale."
MCLEAN, Va., April 23, 2024 /PRNewswire/ -- V2X, Inc. , (NYSE: VVX), a leading provider of global mission solutions, will report first quarter 2024 financial results on Tuesday, May 7, 2024, before market open.
Key Points:
- MCLEAN, Va., April 23, 2024 /PRNewswire/ -- V2X, Inc. , (NYSE: VVX), a leading provider of global mission solutions, will report first quarter 2024 financial results on Tuesday, May 7, 2024, before market open.
- U.S.-based participants may dial in to the conference call at 877-407-3982, while international participants may dial 201-493-6780.
- A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year.
- A telephonic replay will also be available through May 21, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13745566.
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Wednesday, April 17, 2024
The contract, valued at up to $2 billion, was awarded by the Naval Facilities Engineering Command, Pacific in Hawaii, with an expected completion date of September 2032.
Key Points:
- The contract, valued at up to $2 billion, was awarded by the Naval Facilities Engineering Command, Pacific in Hawaii, with an expected completion date of September 2032.
- This significant contract enables V2X to swiftly provide critical facility support services for a wide range of scenarios, including natural disasters, humanitarian efforts, military actions, and potential service disruptions.
- During the GCS MAC II, which reached its $900 million ceiling reflecting demand for critical support services, V2X showcased its ability to deliver essential services efficiently and effectively.
- Under this latest contract, V2X remains committed to providing short-notice facility support services and incidental construction.
MCLEAN, Va., March 5, 2024 /PRNewswire/ -- V2X, Inc. , (NYSE: VVX), a leading provider of global mission solutions, announced that company management will address the Raymond James & Associates 45th Annual Institutional Investors Conference on Wednesday, March 6, at 9:50 a.m. Eastern time.
Key Points:
- MCLEAN, Va., March 5, 2024 /PRNewswire/ -- V2X, Inc. , (NYSE: VVX), a leading provider of global mission solutions, announced that company management will address the Raymond James & Associates 45th Annual Institutional Investors Conference on Wednesday, March 6, at 9:50 a.m. Eastern time.
- A live webcast of the briefing will be available at https://wsw.com/webcast/rj129/vvx/1512800 and be available for replay for 90 days afterward.
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EPS MCLEAN, Va., March 5, 2024 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) announced fourth quarter and full-year 2023 financial results.
Key Points:
- "V2X achieved several milestones during the fourth quarter, which includes our first substantial foreign military sales (FMS) win valued at approximately $400 million over the next five years," said Mr. Prow.
- With this opportunity, the total value of V2X FMS' portfolio is approximately $700 million with accretive margins.
- Additionally, our engineering, integration, modernization and sustainment solutions resulted in approximately $70 million of awards to V2X in the fourth quarter."
- "V2X reported revenue of $1.0 billion in the quarter, which represents 6.4% year-over-year growth," said Shawn Mural, Senior Vice President and Chief Financial Officer.
Retrieved on:
Wednesday, February 14, 2024
MCLEAN, Va., Feb. 14, 2024 /PRNewswire/ -- V2X, Inc. , (NYSE: VVX), a leading provider of global mission solutions, will report fourth quarter and full year 2023 financial results on Tuesday, March 5, 2024, before market open.
Key Points:
- MCLEAN, Va., Feb. 14, 2024 /PRNewswire/ -- V2X, Inc. , (NYSE: VVX), a leading provider of global mission solutions, will report fourth quarter and full year 2023 financial results on Tuesday, March 5, 2024, before market open.
- U.S.-based participants may dial in to the conference call at 877-407-3982, while international participants may dial 201-493-6780.
- A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year.
- A telephonic replay will also be available through March 19, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13743860.
