V2X Secures $84 Million U.S. Navy Contract for Water Services
V2X Awarded Major U.S. Navy Task Order
V2X, Inc. (NYSE: VVX), known for providing critical support services, has achieved a significant milestone by securing an $84 million task order from the U.S. Navy. This award is part of the Global Contingency Services Multiple Award Contract III, which promises a flexible approach to meeting military needs through an indefinite delivery and quantity framework.
Significance of the Task Order
This contract is particularly important as it includes a one-year base period with additional options for three years, indicating a long-term commitment to maintaining essential operations. The primary focus of this task order is to enhance water supply systems at Red Hill, Hawaii, where V2X is partnering with the U.S. Military to ensure a stable and safe water supply.
Commitment to Service
Jeremy C. Wensinger, the President and CEO of V2X, expressed confidence in their ability to provide essential services during challenging times. He stated, "This award reaffirms our commitment to providing essential services during times of necessity." V2X has demonstrated a robust history of effectively meeting client needs in diverse environments, which supports their reputation in the industry.
Broader Impact in the Indo-Pacific
V2X’s operations in Hawaii not only underscore its capabilities but also illustrate the company’s extensive presence in the Pacific region. Their ability to deliver rapid, multi-domain solutions highlights their role as a key player in supporting the military's critical contingency and humanitarian missions.
Innovative Solutions
The company prides itself on its innovative approach, integrating physical and digital environments to optimize every mission's lifecycle. With a talented team of approximately 16,000 professionals, V2X endeavors to enhance readiness, streamline resource management, and bolster security across all sectors, including national security and defense.
The Role of Technology
Enhancing mission success is a cornerstone of V2X’s strategy, as they integrate artificial intelligence and machine learning capabilities into their operations. These technologies are vital in addressing today's most pressing challenges, thereby empowering V2X to facilitate operational success across various domains.
About V2X
V2X is committed to delivering innovative solutions that strategically align people, technology, and actions. By deeply embedding themselves in critical missions, they facilitate effective responses to complex challenges, making them a preferred partner for military and civilian operations alike.
Investor Relations
For those interested in V2X’s financial and operational details, Mike Smith, the Vice President of Treasury, Corporate Development and Investor Relations, is available for inquiries. Investors can reach Mike at 719-637-5773.
Media Communications
Angelica Spanos Deoudes, serving as the Director of Corporate Communications, also welcomes media inquiries. She can be reached at 571-338-5195 for any press-related matters.
Frequently Asked Questions
What is the purpose of the $84 million task order awarded to V2X?
The task order is aimed at supporting and enhancing water supply systems for the U.S. Navy in the Indo-Pacific region.
How long is the duration of the contract?
The task order features a one-year base period with three additional option years, ensuring ongoing support.
What role does V2X play in the Indo-Pacific region?
V2X provides critical support services and is involved in establishing safe and reliable water systems for military operations.
Who is the CEO of V2X?
The President and CEO of V2X is Jeremy C. Wensinger, who emphasizes the company’s commitment to service excellence.
How can investors contact V2X for inquiries?
Investors can contact Mike Smith, the Vice President of Treasury, Corporate Development and Investor Relations, at 719-637-5773.
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