RESTON, Va., April 28, 2025 /PRNewswire/ -- V2X (NYSE: VVX) Inc., has been awarded a $103 million contract by the U.S. Navy for Contractor Logistics Support (CLS) maintenance of C-26 aircraft, reinforcing V2X's role as the best-value provider for this critical mission.Under this contract, V2X will continue providing comprehensive CLS support, including aircraft engineering, upgrades maintenance and modifications."This award highlights the Navy's continued confidence in V2X's proven ability to deliver missio ...

Core Insights - V2X has appointed Melon Yeshoalul as Senior Vice President and Chief Human Resources Officer effective April 21, 2025, to lead the company's global human resources strategy and operations [1][2] - Yeshoalul brings over two decades of experience in recruiting, compensation, and HR business partnering, having previously held senior leadership roles at Amazon Web Services, DXC Technology, PwC, and The Boeing Company [2][3] - The company aims to enhance its employee experience and strengthen its position as an employer of choice under Yeshoalul's leadership, focusing on building strong cultures and high-performing teams [2] Company Overview - V2X develops innovative solutions that integrate physical and digital environments, enhancing readiness, optimizing resource management, and boosting security across various markets including national security and defense [4] - The company employs approximately 16,000 professionals and leverages AI and machine learning capabilities to address complex challenges across operational domains [4]

Core Insights - V2X, Inc. will report its first quarter 2025 financial results on May 5, 2025, after market close [1] - A conference call will be held at 4:30 p.m. ET on the same day to discuss the results [1] - The company provides innovative solutions that integrate physical and digital environments, focusing on national security, defense, civilian, and international markets [4] Financial Reporting - The financial results will be available after market close on May 5, 2025 [1] - A live webcast of the conference call will be accessible on the V2X website [2] - A replay of the conference call will be available on the V2X website for one year and via telephonic replay until May 19, 2025 [3] Company Overview - V2X employs approximately 16,000 professionals and focuses on enhancing mission readiness, optimizing resource management, and boosting security [4] - The company integrates AI and machine learning capabilities to address challenges across various operational domains [4]

Core Points - V2X Inc. has been awarded a $62 million contract to ensure the operational readiness of the COBRA DANE radar system in Alaska, reinforcing its position as a leading provider in this sector [1][2] - The COBRA DANE radar system is a critical component of U.S. national defense, capable of detecting and tracking objects up to 2,000 miles away, and plays a significant role in missile defense and space domain awareness [2][3] - The contract extension work is expected to be completed by March 2027, continuing V2X's legacy in providing full-spectrum mission solutions [3] Company Overview - V2X integrates physical and digital environments to enhance readiness, optimize resource management, and boost security across various markets, including national security and defense [4] - The company employs approximately 16,000 professionals globally and utilizes AI and machine learning to address complex operational challenges [4]

Group 1 - V2X, Inc. has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility, with no outstanding borrowings on the Revolver as of December 31, 2024 [1][2] - The amendment includes a new leverage-based pricing grid that offers over 50 basis points of interest savings compared to the previous grid and extends the facility by two years to March 2030 [2][3] - The repricing and extension were well oversubscribed, indicating strong market confidence in the company's business positioning and commitment to shareholder value [3] Group 2 - V2X is focused on building innovative solutions that integrate physical and digital environments, enhancing readiness, optimizing resource management, and boosting security across various markets [7] - The company employs approximately 16,000 professionals and leverages AI and machine learning capabilities to address challenges in national security, defense, civilian, and international markets [7]

RESTON, Va., March 26, 2025 /PRNewswire/ -- V2X (NYSE: VVX) Inc., announced its selection as a winner on the Bridge to Enduring Synthetic Training Environment Tactical Engagement Simulation Systems (TESS) Multiple-Award Contract (BEST MAC) Lot 1. This contract supports the U.S. Army's TESS devices, a vital component of its live training capabilities, by extending their product life and ensuring they meet the Army's evolving requirements. The indefinite-delivery, indefinite-quantity contract includes a ten-y ...

RESTON, Va., March 17, 2025 /PRNewswire/ -- V2X (NYSE: VVX) has been awarded a position on the U.S. Navy's Worldwide Expeditionary Multiple Award Contract (WEXMAC) 2.0, a key vehicle for delivering enhanced global logistics capabilities. Administered jointly by the Army Contracting Command and the Naval Supply Systems Command, WEXMAC 2.0 streamlines procurement processes and integrates technology to enhance logistical support for joint forces and federal agencies worldwide. The contract is designed to stren ...

Core Points - V2X, Inc. has been awarded a $100 million contract to support the U.S. Navy's Aegis Ashore facilities in Poland, which are vital for NATO's missile defense system [1][2] - The contract is a firm-fixed-price agreement with a one-year base period, seven one-year options, and an additional six-month extension [3] Company Overview - V2X specializes in integrating physical and digital environments to enhance mission readiness, optimize resource management, and improve security [4] - The company employs approximately 16,000 professionals and leverages AI and machine learning to address challenges across various operational domains [4]

RESTON, Va., Feb. 26, 2025 /PRNewswire/ -- V2X (NYSE: VVX) Inc., announces its award of a $100 million contract to provide aviation maintenance and support services for the Federal Bureau of Investigation's (FBI) Critical Incident Response Group. Under this contract, V2X will deliver mission-critical aviation resources that enable the FBI to conduct intelligence gathering, investigate operations, and law-enforcement activities. V2X will support the FBI's specialized aviation fleet by providing field-level m ...

Financial Data and Key Metrics Changes - Revenue for Q4 2024 increased by 11% year-over-year to $1.16 billion, while full-year revenue grew by 9% to $4.32 billion, exceeding guidance by approximately $47 million [8][9][38] - Adjusted EBITDA for Q4 was $86.2 million, representing a 5% year-over-year growth, and for the full year, it was $310 million, reflecting a 6% increase [9][38] - Adjusted EPS for Q4 and the full year was $1.33 and $4.34, respectively, indicating year-over-year growth of 9% and 16% [9][40] - Net debt improved by $210 million year-over-year, resulting in a net leverage ratio of 2.6 times [9][43] Business Line Data and Key Metrics Changes - The Indo-Pacific region saw a notable revenue increase of 27%, contributing to overall growth [8][14] - The company secured contract wins totaling over $5.5 billion in 2024, marking a record for the company [10] Market Data and Key Metrics Changes - Total backlog at the end of 2024 was $12.5 billion, with a book-to-bill ratio of 1.2 times [10][47] - The company expects modest contributions from recompetes in 2025, estimating a 4% contribution [49] Company Strategy and Development Direction - The company aims to deliver full lifecycle capabilities in support of national security priorities, enhancing mission effectiveness and reducing costs [30][49] - The focus on readiness and modernization aligns with the current administration's priorities, particularly in the Indo-Pacific and Arctic regions [15][19][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to meet national security demands and highlighted the strong performance in 2024 as a foundation for future growth [12][34] - The company anticipates continued growth driven by existing contracts and new awards, with a revenue guidance range for 2025 set at $4.375 billion to $4.5 billion [49][50] Other Important Information - The company is celebrating its 80th anniversary in 2025, emphasizing its long-standing role in supporting critical missions [24] - The introduction of Roger Mason as Chief Growth Officer is expected to enhance growth strategies [11] Q&A Session Summary Question: Can you elaborate on outcome-based contracting and its evolution? - Management indicated that they have successfully converted contracts to fixed price in the past and are actively pursuing more performance-based contracting opportunities [55][56] Question: What is the impact of the continuing resolution (CR) on guidance? - Management believes that most of their work is immune to the CR, as it primarily involves existing contracts [60][61] Question: Can you clarify the Warfighter Training Readiness Solutions contract? - The contract is expected to add approximately $120 million to revenue, predominantly in the second half of the year [63][65] Question: What are the growth prospects in the Indo-Pacific region? - Management confirmed that the Indo-Pacific region's growth includes INDOPACOM activities and highlighted ongoing exercises that may present opportunities [70][71] Question: How much of the 9% growth in 2024 came from new contracts versus on-contract growth? - The majority of the growth was attributed to on-contract growth, with new awards contributing as well [85][87] Question: What are the implications of potential budget cuts across the DoD? - Management speculated that cuts would likely be influenced by policy changes rather than a uniform percentage cut across all programs [121][124] Question: What are the future capital deployment options given the improved leverage ratio? - Management indicated that the improved leverage ratio provides optionality for pursuing opportunities that generate shareholder value [128][131]