Group 1 - Morgan Stanley raised the price target on V2X (VVX) to $61 from $58 while maintaining an Underweight rating on the shares [1] - The firm observes encouraging signs of backlog growth heading into the new year [1] - Significant drivers of performance will include contract ramp-up and roll-offs, as well as alignment to market subverticals [1]

Group 1 - V2X, Inc. has been awarded a position on the Automated Test Systems Division's Multiple Award IDIQ contract by the Air Force Life Cycle Management Center [1] - The contract involves providing rapid, full lifecycle support for Automated Test Systems used to sustain critical warfighter operations globally [1] - The systems supported include a variety of aircraft platforms such as fighter jets, bombers, cargo aircraft, unmanned aerial vehicles, and helicopters [1] Group 2 - The IDIQ contract has a base ordering period of five years, with an option to extend for an additional five years [1] - V2X will maintain and sustain both commercial and noncommercial products across the ATS Division's portfolio [1] - The company employs approximately 16,000 professionals and integrates AI and machine learning capabilities to enhance mission success [1]

Accessibility StatementSkip Navigation RESTON, Va., Dec. 1, 2025 /PRNewswire/ -- V2X, Inc. (NYSE: VVX), announced it has been awarded a 10- year, $425 million indefinite-delivery, indefinite-quantity contract to modernize and upgrade cockpit displays for the U.S. Air Force F-16 fleet. more press release views with Request a Demo Also from this source Under the contract, V2X will provide center display units (CDU's) full kits, line-replaceable units, shop- replaceable units, and related support hardware for ...

Core Insights - V2X, Inc. (NYSE:VVX) is recognized as one of the best small-cap defense stocks to buy, with a Buy rating and a price target of $72 from Noble Financial [1][2] - The company reported record revenue of $1.17 billion for the third quarter, an 8% increase year-over-year, and exceeded earnings estimates [2][4] - V2X, Inc. has a significant backlog of $11.6 billion, excluding a $4 billion under-protest contract, indicating strong future revenue potential [5][6] Financial Performance - The third-quarter revenue of $1.17 billion reflects an 8% growth compared to the previous year, driven by specific defense programs [4] - Adjusted EBITDA was reported at $85.2 million, with a margin of 7.3%, while adjusted diluted EPS increased by 6% year-over-year to $1.37, surpassing estimates by $0.14 [4] - The company secured $1.4 billion in net bookings during the quarter, contributing to a robust backlog [5] Market Outlook - Noble Financial's price target of $72 suggests a potential upside of 33% from the stock's closing price on November 14 [2] - Other analysts, including Truist and Stifel, have also maintained a Buy rating while raising their price targets to $65, indicating a positive market sentiment [3] - Despite lowering its full-year adjusted operating cash flow guidance due to potential delays from a government shutdown, V2X raised its outlook for revenue, adjusted EBITDA, and adjusted diluted EPS [6]

Core Viewpoint - V2X, Inc. announced the sale of 2.25 million shares of its common stock by Vertex Aerospace, with V2X not participating in the offering and not receiving any proceeds from it [1]. Group 1: Offering Details - Vertex Aerospace is the sole underwriter for the offering, which will be conducted through various methods including direct sales, brokerage transactions, and negotiated transactions [2]. - The offering is expected to close on or about November 13, 2025, subject to customary closing conditions [1]. Group 2: Share Repurchase - Following the offering, V2X has agreed to repurchase 363,638 shares of its common stock from the underwriter at the same price paid to Vertex Aerospace [3]. - V2X plans to fund this repurchase using cash on hand [3]. Group 3: Shareholder Agreement Changes - After the offering and repurchase, Vertex Aerospace will own approximately 19.9% of V2X's outstanding common stock, totaling 6,217,286 shares [4]. - The Shareholders Agreement will automatically terminate upon the closing of the offering, resulting in Vertex Aerospace losing its rights to designate nominees for V2X's Board of Directors [4].

Core Insights - Quectel Wireless Solutions has launched five new durable fiberglass antennas that support LoRa, V2X, Wi-Fi, and 5G technologies [1] Product Development - The new antennas expand Quectel's existing product range, providing options tailored to specific use cases [1] - The durable fiberglass design offers discreet and robust solutions across key wireless technologies [1]

Financial Performance - Record revenue of $1.17 billion, up 8% year-over-year[4] - Net income of $24.6 million, an increase of 63% from the prior year[5] - Adjusted EBITDA of $85.2 million, with a margin of 7.3%[5] - Adjusted diluted EPS of $1.37, up 6% year-over-year[4] - Net income for the nine months ended September 26, 2025, was $55,103,000, a significant increase from $9,651,000 for the same period in 2024, representing a growth of 471.5%[23] - Adjusted EBITDA for the nine months ended September 26, 2025, was $234,552,000, compared to $224,055,000 for the same period in 2024, reflecting an increase of 4.4%[29] - The adjusted net income for the nine months ended September 26, 2025, was $117,463,000, compared to $96,163,000 for the same period in 2024, indicating a growth of 22.1%[29] - The company reported an adjusted diluted earnings per share of $3.68 for the nine months ended September 26, 2025, compared to $3.01 for the same period in 2024, an increase of 22.2%[29] Revenue Guidance - Increased midpoint of 2025 revenue guidance to $4.5 billion[6] - Adjusted EBITDA guidance raised to $320 million[6] - Adjusted net cash provided by operating activities guidance lowered to $150 million[6] Cash Flow - Third quarter net cash provided by operating activities was $39.4 million[5] - Cash, cash equivalents, and restricted cash at the end of the period were $182,318,000, a decrease from $59,857,000 at the end of the same period in 2024[23] - The company experienced a net cash used in operating activities of $(27,484,000) for the nine months ended September 26, 2025, compared to $31,103,000 for the same period in 2024[30] Revenue Breakdown - Total revenue for the three months ended September 26, 2025, was $1,167,137,000, representing an increase of 7.9% compared to $1,081,656,000 for the same period in 2024[32] - Revenue for the nine months ended September 26, 2025, increased to $3,261,390,000 from $3,164,403,000, a growth of 3.1%[29] - Revenue from cost-plus and cost-reimbursable contracts increased by 8.1% to $702,557,000 for the three months ended September 26, 2025, compared to $649,925,000 in 2024[32] - Prime contractor revenue grew by 8.6% to $1,109,660,000 for the three months ended September 26, 2025, up from $1,021,497,000 in 2024[33] - Revenue from the United States increased by 13.2% to $684,659,000 for the three months ended September 26, 2025, compared to $604,872,000 in 2024[34] - Total revenue for the nine months ended September 26, 2025, was $3,261,390,000, a 3.1% increase from $3,164,403,000 in 2024[32] - Revenue from firm-fixed-price contracts decreased by 1.9% to $1,205,705,000 for the nine months ended September 26, 2025, compared to $1,229,565,000 in 2024[32] - Subcontractor revenue declined by 4.5% to $57,477,000 for the three months ended September 26, 2025, down from $60,159,000 in 2024[33] - Revenue from the Middle East decreased by 0.6% to $344,605,000 for the three months ended September 26, 2025, compared to $346,527,000 in 2024[34] - Revenue from Europe increased by 19.2% to $56,456,000 for the three months ended September 26, 2025, compared to $47,350,000 in 2024[34] - Time-and-materials revenue decreased by 1.9% to $28,052,000 for the three months ended September 26, 2025, compared to $28,599,000 in 2024[32] Contracts and Acquisitions - Awarded a $425 million contract to modernize F-16 cockpit displays for the U.S. Air Force[3] - Completed a strategic acquisition to enhance capabilities in the intelligence community[4] - The company reported a backlog of estimated future revenues under negotiated contracts, which is a key performance measure for assessing business performance[24] Segment Performance - The total revenue from the Navy segment increased by 6.6% to $390,542,000 for the three months ended September 26, 2025, compared to $366,217,000 in the same period of 2024[31] - The Air Force segment revenue saw a significant increase of 37.5%, reaching $167,571,000 for the three months ended September 26, 2025, compared to $121,863,000 in the same period of 2024[31]

Company Overview - V2X (VVX) is expected to report a year-over-year decline in earnings of -4.7%, with an estimated earnings per share (EPS) of $1.23 for the quarter ended September 2025 [3] - Revenue is projected to be $1.14 billion, reflecting a year-over-year increase of 5.8% [3] Earnings Expectations - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] - The Most Accurate Estimate for V2X is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.81%, suggesting a bearish outlook from analysts [12] Historical Performance - V2X has a history of beating consensus EPS estimates, having done so in the last four quarters, including a surprise of +33.00% in the most recent quarter where it reported earnings of $1.33 per share against an expectation of $1.00 [13][14] Market Sentiment - The stock may experience upward movement if the upcoming earnings report exceeds expectations, while a miss could lead to a decline [2] - Despite the negative Earnings ESP, the stock currently holds a Zacks Rank of 3, making it challenging to predict a definitive earnings beat [12] Industry Comparison - In the Zacks Technology Services industry, SPX Technologies is expected to report earnings of $1.61 per share, representing a year-over-year increase of +15.8%, with revenues projected at $572.54 million, up 18.4% [18][19] - SPX Technologies has a positive Earnings ESP of +0.21% and a Zacks Rank of 2, indicating a higher likelihood of beating consensus EPS estimates [20]

Core Insights - Investors are evaluating V2X (VVX) and Symbotic Inc. (SYM) for potential value investment opportunities [1] - Both companies currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and an improving earnings outlook [3] Valuation Metrics - VVX has a forward P/E ratio of 12.12, while SYM has a significantly higher forward P/E of 175.82 [5] - The PEG ratio for VVX is 0.61, suggesting it is undervalued relative to its expected earnings growth, whereas SYM has a PEG ratio of 5.86 [5] - VVX's P/B ratio stands at 1.77, indicating a favorable market value compared to its book value, while SYM's P/B ratio is extremely high at 92.97 [6] Value Grades - VVX is assigned a Value grade of A, reflecting its strong valuation metrics, while SYM has a Value grade of F, indicating poor valuation [6] - Based on the valuation figures, VVX is considered the superior value option compared to SYM [7]

Core Insights - V2X, Inc. will showcase its capabilities at the 2025 AUSA Annual Meeting, emphasizing its mission-focused solutions for enhancing U.S. Army readiness and supporting national security priorities [1][2] Featured Solutions - **Tempest**: A rugged, COTS-based Mobile Fires Platform designed for rapid, low-exposure missions, equipped with dual weapon launchers and advanced Counter-UAS capabilities to detect and defeat Class 2–3 UAS in adverse weather [4] - **Gateway Mission Router (GMR)**: A cyber-hardened, open-architecture solution that enhances air-to-ground operations, providing a comprehensive common operating picture and supporting the Department of Defense's Combined Joint All-Domain Command and Control initiative [5] - **Flight School Next**: Collaboration with Bell Helicopter to support the U.S. Army's training program for future aviators, leveraging V2X's extensive experience in aircraft maintenance and sustainment [6] - **Warfighter Training Readiness Solutions**: Enterprise-wide support for the U.S. Army's TADSS network, offering scalable solutions to enhance warfighter readiness across all operational domains [7] Event Details - V2X will demonstrate its key solutions at Booth 1405 in Exhibit Hall B during the three-day event, showcasing innovations that address the evolving needs of the U.S. Army and its mission partners [3]