V2X, Inc. Secures Major $4.3B Contract with Air Force
V2X, Inc. Secures Major $4.3B Contract with U.S. Air Force
Recently, V2X, Inc. (NYSE: VVX) has reached a significant milestone by securing a substantial $4.3 billion indefinite-delivery/indefinite-quantity contract from the U.S. Air Force. This contract is primarily aimed at providing Contractor Operated and Maintained Supply services that are essential for the T-6 aircraft.
This remarkable initiative signifies a robust commitment to ensuring the operational effectiveness of the U.S. military, specifically supporting the logistical needs of the Air Force, Navy, and Army. The contract will guarantee the availability of safe and operational aircraft, directly contributing to daily flight schedules and the maintenance requirements that keep our military prepared.
Jeremy C. Wensinger, President and Chief Executive Officer of V2X, expressed gratitude for this contract award. He stated, "We are honored by this award and for the trust placed in us by the U.S. Air Force. This contract reflects the dedication of our team and the pride we take in supporting the readiness of our nation's aircraft. We are excited to begin this new work and look forward to serving the mission for years to come." This statement emphasizes the importance of collaboration and the responsibility they have towards ensuring military readiness.
Vinny Caputo, Senior Vice President of Aerospace Systems at V2X, also shared his enthusiastic views regarding this contract. He remarked, "This is a proud moment for our entire aerospace team. The T-6 program is foundational to pilot training across the services, and we are committed to delivering the highest standards of performance, reliability, and mission readiness. We're excited to bring our proven supply chain expertise to this critical effort." Such sentiments from the leadership underline the commitment that V2X has towards innovation and excellence in military support services.
The operational aspect of V2X's work will encapsulate various military installations throughout the United States. It is anticipated that the work will span several years, with expectations to be completed by July 2034. This extensive timeframe not only reflects the long-term commitment of V2X but also showcases their extensive capabilities in handling such critical tasks effectively.
About V2X
V2X is a pioneering company that focuses on building innovative solutions merging physical and digital landscapes. They align personnel, activities, and technology to bolster the readiness and effectiveness of critical missions. V2X operates in various sectors including national security, defense, and civilian applications. With a dedicated workforce of approximately 16,000 professionals worldwide, they leverage advanced technologies including AI and machine learning to overcome complex challenges in operational domains.
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
719-637-5773
Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
571-338-5195
Frequently Asked Questions
What is the main focus of the $4.3 billion contract?
The contract focuses on providing Contractor Operated and Maintained Supply services for the T-6 aircraft, supporting military readiness.
Who is the President and CEO of V2X?
Jeremy C. Wensinger serves as the President and Chief Executive Officer of V2X.
When is the expected completion date for this contract?
The expected completion date for the contract is July 2034, indicating a long-term commitment by V2X.
How many employees does V2X have approximately?
V2X has around 16,000 employees contributing to their diverse operational sectors.
What are some technologies V2X employs in their services?
V2X integrates AI and machine learning capabilities into their operations to enhance efficiency and effectiveness in mission outcomes.
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