V2X Inc. Gains Key Contract in Foreign Military Sales
V2X Inc., a prominent player in defense and support services, has recently been awarded a significant cost-plus-fixed-fee contract to enhance operations related to the Iraq F-16 program. This contract marks a notable achievement for the company, underlining its capabilities in the international military support sector.
Understanding the Contract Details
The initial value of the contract is set at $118 million, providing V2X with the necessary resources to commence its operations immediately. Furthermore, the contract is expected to be fully defined by the end of 2025, highlighting the company’s readiness to deliver support services in an efficient manner. The duration of the agreement encompasses an extensive five-year period during which V2X will contribute significantly to the defense infrastructure.
Scope of Work Included
This new foreign military sales contract not only includes comprehensive base operations but also essential life support services, capturing a wide range of operational needs. V2X will conduct its work primarily at Martyr BG Ali Flaih Air Base, ensuring that its services directly contribute to enhancing military capabilities in the region.
V2X's Commitment to Excellence
Ken Shreves, the Senior Vice President of Mission Support at V2X, expressed optimism about this award. He stated, "This award is a testament to the strength of V2X's full-spectrum capabilities. We are honored to deliver this essential strategic capability to the Iraqi Air Force in such a critical environment." This statement reinforces V2X’s dedication to providing exemplary military support and its commitment to its partners.
Insights from Leadership
Further showcasing the importance of this contract, Jeremy C. Wensinger, President and CEO of V2X, highlighted the potential of this award by stating, "This award reflects our ability to leverage a broad portfolio of capabilities and our global footprint into larger and more strategic opportunities. Foreign military sales and international markets represent a significant and growing area of opportunity for V2X." This insight reveals V2X's strategic vision and its proactive approach to expanding its market influence across international borders.
V2X's Experience in Diverse Domains
V2X brings decades of experience to its mission orientations, assisting in a variety of complex operations that span air, land, sea, space, and cyber domains. This depth of expertise enables the company to navigate and support intricate missions effectively, reinforcing its role as a reliable partner in international defense operations.
About V2X
V2X is committed to building innovative solutions that integrate advanced technology with operational needs. By aligning key elements of a mission’s lifecycle, the company aims to enhance readiness and optimize resource management. With a robust workforce consisting of around 16,000 skilled professionals, V2X focuses on implementing cutting-edge AI and machine learning capabilities, enabling it to meet the evolving challenges in defense and security.
Investor Relations and Media Contact
For further inquiries, investors can reach out to Mike Smith, CFA, Vice President of Treasury, Corporate Development, and Investor Relations at V2X via email at IR@goV2X.com or by phone at 719-637-5773. Additionally, for media-related queries, Angelica Spanos Deoudes, Senior Director of Marketing and Communications, can be contacted at Angelica.Deoudes@goV2X.com or at 571-338-5195.
Frequently Asked Questions
What is V2X's main business focus?
V2X focuses on providing defense and support services across multiple domains, including air, land, sea, and cyber operations.
What is the value of the new contract awarded to V2X?
The new contract awarded to V2X has an initial value of $118 million.
Where will V2X perform the work related to the contract?
V2X will primarily conduct its operations at the Martyr BG Ali Flaih Air Base.
What are some capabilities of V2X?
V2X offers comprehensive support services, including base operations and life support services, showcasing its full-spectrum capabilities.
Who can be contacted for investor relations at V2X?
Mike Smith, CFA, Vice President of Treasury, can be contacted for investor relations inquiries at IR@goV2X.com.
