V2X Inc. Awarded Significant Role in Defense Contract
V2X Inc., known for its innovative solutions in defense and security, is thrilled to announce its selection for the Defense Threat Reduction Agency's (DTRA) Cooperative Threat Reduction Integrating Contract IV (CTRIC IV). This prestigious contract has a ceiling value of $3.5 billion and a term that could extend over five years, with the possibility of additional option years.
Purpose and Impact of CTRIC IV
The CTRIC IV program is designed to strengthen the Department of Defense's efforts in reducing global threats from weapons of mass destruction (WMDs). By being chosen as one of six key participants, V2X will play a crucial role in executing critical tasks aimed at countering and eliminating the dangers posed by chemical, biological, radiological, and nuclear threats worldwide.
Quote from Leadership
Jeremy C. Wensinger, the President and CEO of V2X, expressed enthusiasm about the award: "This award underscores our proven ability to support high-consequence missions on a global scale. With our global footprint and strong operational capabilities, we are well-equipped to deliver innovative solutions in support of DTRA's mission, wherever they are needed. Being selected for the CTRIC follow-on contract reflects our track record of success. We look forward to building on this momentum and expanding our impact through this opportunity."
Expanding V2X's Global Influence
The contract not only signifies an increase in V2X's presence in global defense but also reinforces the company’s reputation as a dependable partner in defense initiatives, both domestically and internationally. V2X’s commitment to national and international security remains unwavering, and this award allows them to leverage their strengths to meet complex challenges in the field effectively.
About V2X Inc.
V2X builds innovative solutions that effectively integrate physical and digital environments. This approach aligns people, actions, and technology, enabling the company to enhance readiness, optimize resource management, and boost security across multiple sectors. With a global team of around 16,000 professionals, V2X is committed to securing mission success by incorporating advanced AI and machine learning capabilities to tackle today’s toughest challenges across operational domains.
Contacting V2X: Investor and Media Relations
For investors seeking more information, contact Mike Smith, CFA, the Vice President of Treasury, Corporate Development, and Investor Relations, at IR@goV2X.com or by phone at 719-637-5773. For media inquiries, reach out to Angelica Spanos Deoudes, the Director of Corporate Communications, at Angelica.Deoudes@goV2X.com or call 571-338-5195.
Frequently Asked Questions
What is the CTRIC IV contract awarded to V2X Inc.?
The CTRIC IV contract is a $3.5 billion engagement designed to aid the Department of Defense in reducing global threats from WMDs.
Who leads V2X Inc.?
Jeremy C. Wensinger is the President and CEO of V2X Inc.
What does V2X focus on in its operations?
V2X focuses on delivering innovative solutions that enhance security, readiness, and resource management across various operational domains.
How can investors reach V2X for inquiries?
Investors can contact Mike Smith at IR@goV2X.com or call 719-637-5773 for inquiries.
What is the significance of this contract for V2X?
This contract enhances V2X's role in global defense initiatives and underscores its capability to manage high-stakes missions effectively.
