V2X Secures Major U.S. Army Contract Worth $921 Million
V2X Lands Significant Army Contract
V2X Inc. has announced its selection for the Bridge to Enduring Synthetic Training Environment Tactical Engagement Simulation Systems (TESS) Multiple-Award Contract (BEST MAC) Lot 1. This pivotal contract focuses on the U.S. Army's TESS devices, essential for enhancing live training capabilities and ensuring they adapt to the Army's evolving needs.
Contract Details and Significance
The contract is structured as an indefinite-delivery, indefinite-quantity arrangement, spanning a decade. It includes a five-year base period and two optional extensions—one for three years and another for two years—with a ceiling value of $921 million.
V2X will provide support for the Army's TESS products, designed for simulated combat scenarios involving both weapons and targets during military training exercises. These sophisticated devices encompass weapons, vehicles, and aviation systems. As weapon systems evolve, existing TESS devices will need modifications to maintain their relevance.
Leadership Insights on the Contract
Jeremy C. Wensinger, the President and CEO of V2X, highlighted, "The BEST MAC contract perfectly complements the work we perform under our $3.7 billion Warfighter-Training Readiness Solutions task order. Our commitment to the warfighter is evident through these programs and reflects our capability to enhance Army training and secure national safety."
Strength in Training Services
Ken Shreves, Senior Vice President of Mission Support at V2X, emphasized the company's unique position as the prime contractor for the Army's largest training services initiative. He stated, "Our commitment goes beyond operational excellence; it encompasses strengthening national security through critical missions and ensuring that troops are prepared for deployment around the world."
About V2X and Its Commitment
V2X strives to provide innovative solutions that weave together physical and digital infrastructures, optimizing resources, enhancing security, and ensuring mission readiness. The organization plays a crucial role in various sectors, including national security, defense, and civilian markets.
With a robust team of around 16,000 professionals globally, V2X leverages cutting-edge technology, including AI and machine learning capacities, to tackle today's most challenging operational demands.
Investor Relations and Media Contacts
For inquiries, Mike Smith, CFA, Vice President of Treasury, Corporate Development and Investor Relations at V2X, can be reached at 719-637-5773. Additionally, for media inquiries, connect with Angelica Spanos Deoudes, Senior Director of Marketing and Communications, at 571-338-5195.
Frequently Asked Questions
What is the value of the contract awarded to V2X?
The contract awarded to V2X is valued at $921 million.
What does the BEST MAC contract support?
The BEST MAC contract supports the U.S. Army's TESS devices, enhancing live training capabilities.
How long is the performance period for this contract?
The performance period for this contract spans ten years, with a five-year base period and two options.
Who is the CEO of V2X?
The CEO of V2X is Jeremy C. Wensinger.
What is V2X's role in the military sector?
V2X provides innovative solutions that enhance military training and readiness across various branches of the armed forces.
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