V2X Secures $140 Million Agreement with U.S. Space Force
V2X Inc. Awarded $140 Million Task Order
V2X Inc. (NYSE: VVX) is proud to announce a significant achievement in its commitment to supporting national security. The company has secured a five-year task order aimed at enhancing U.S. Space Force operations, particularly at a key location in the South Atlantic. This new contract is part of the U.S. Air Force's Contract Augmentation Program V (AFCAP V) and has a total ceiling value of $140 million, ensuring comprehensive support for crucial missions.
Operational Excellence at Ascension Island
Ascension Island has been identified as a vital component in the operational strategy of the U.S. Space Force. It serves not only as a strategic outpost but also plays a critical role in the broader Eastern Range mission. The task order awarded to V2X aims to bolster the operational efficiency and resilience of the infrastructure on the island. This contract includes a base year along with four optional years, allowing for a flexible yet determined approach to meeting the needs of the mission.
Leadership Commitment to National Security
Jeremy C. Wensinger, the President and Chief Executive Officer of V2X, expressed enthusiasm about this new venture. He remarked, "Ascension Island plays a significant role in advancing the U.S. Space Force mission, and we're proud to support this national security asset." This statement underscores V2X's dedication to leveraging its extensive experience in dynamic environments to enhance operational readiness and success.
Strategic Importance and Global Reach
V2X is consistently recognized as a reliable partner under the AFCAP V program. Its proven track record highlights the company's agility in delivering tailored, high-quality support services that meet the diverse needs of the U.S. military across the globe. Operations are scheduled to commence in mid-2025, marking a pivotal move towards enhanced capabilities in providing full-spectrum solutions for the U.S. Space Force.
About V2X
V2X focuses on the development of innovative solutions that seamlessly integrate physical and digital environments. By aligning personnel, technology, and processes, the company enhances the readiness and security of critical mission lifecycles. V2X's comprehensive services span a variety of sectors including national security, defense, and numerous civilian and international markets. With a dedicated workforce of around 16,000 professionals, V2X is at the forefront of addressing today’s challenges through advanced AI and machine learning capabilities.
Contact Information
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
Email: contact@v2x.com
Phone: 719-637-5773
Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications
Email: media@v2x.com
Phone: 571-338-5195
Frequently Asked Questions
What is the main purpose of the task order awarded to V2X?
The task order aims to support U.S. Space Force operations at Ascension Island, enhancing mission effectiveness and infrastructure resilience.
How much is the value of the contract awarded to V2X?
The total ceiling value of the contract is $140 million, structured over a five-year term.
When are operations under this contract expected to begin?
Operations are scheduled to commence in mid-2025, solidifying V2X’s role in the mission.
What specific services will V2X provide under this task order?
V2X will deliver essential services designed to improve mission outcomes and operational efficiency at the Ascension Island site.
What is V2X's approach to integrating technology in its operations?
V2X integrates AI and machine learning capabilities to enhance readiness and effectiveness throughout critical mission lifecycles.
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