V2X(VVX) - 2025 Q4 - Annual Report

Employee and Workforce Management - As of December 31, 2025, the company employed approximately 16,200 full-time employees and utilized about 7,300 subcontract workers[44] - Approximately 30% of the company's employees were represented by 60 collective bargaining agreements with labor unions[44] - The company offers a comprehensive benefits package, including flexible work options, education benefits, wellness programs, and retirement savings plans[51] - The company provides access to over 5,600 virtual courses through its online V2X University to support employee development[49] - The company has a robust talent and succession planning process to ensure a pipeline for leadership roles[50] - The company has been recognized as a military-friendly employer, with over 27% of U.S. employees reporting a military background[48] - The company conducts annual employee engagement surveys to assess workplace culture and employee satisfaction[46] Environmental Health and Safety - The company's environmental health and safety management system aligns with ISO 14001 and 45001 standards[54] - The company emphasizes continuous improvement in its environmental health and safety management through regular audits and training programs[54] - The company is committed to compliance with human rights provisions and actively monitors subcontractors for compliance with anti-trafficking laws[56] Financial Management and Interest Rates - A one percentage point change in the variable rate First Lien Credit Agreement would result in a $7.0 million change in annual cash interest expense[282] - If the 2025 Revolver was fully drawn to a principal amount of $500.0 million, a one percentage point change in interest rates would lead to a $5.1 million change in annual cash interest expense[282] - As of December 31, 2025, the notional value of the Company's interest rate swap agreements totaled $428.1 million, affecting future cash flows based on interest rate changes[284] - The majority of the Company's business is conducted in U.S. dollars, but transactions in foreign currencies may lead to earnings volatility due to foreign currency exchange rate movements[285]