Jul 22, 2024
MCLEAN, Va., July 22, 2024 /PRNewswire/ — V2X, Inc. (NYSE:VVX) announces the award of a $48.5 million Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Army, under the purview of the PEO Soldier portfolio, for the innovative Gateway Mission Router (GMR). The GMR creates a fully converged operational environment on the battlefield for our warfighters by seamlessly integrating information and assured communications across multiple domains. The contract spans four years and underscores V2X’s commitment to delivering cutting-edge solutions in support of national defense.
The GMR represents the pinnacle of rugged and cyber-hardened technology. Designed to facilitate real-time situational awareness, the GMR seamlessly integrates information from diverse sources across multiple domains, creating a fully converged operational environment on the battlefield. Offering platform independence, the GMR is adaptable for deployment across aviation and ground vehicle platforms, ensuring versatility and effectiveness in a variety of operational scenarios.
“V2X’s receipt of this contract marks a significant milestone in our ongoing partnership with the U.S. Army,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “Our commitment to innovation and mission excellence enables us to deliver solutions like the Gateway Mission Router that enhance mission effectiveness and support our nation’s defense objectives.”
V2X continues to expand its presence within the U.S. Army, with the integration of GMR across numerous platforms. The GMR family’s wide-ranging flexibility positions it as a key enabler for the Department of Defense’s Combined Joint All Domain Command and Control (CJADC2) initiative, demonstrating V2X’s dedication to advancing modern warfare capabilities.
About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773
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SOURCE V2X, Inc.
Jul 17, 2024
MCLEAN, Va., July 17, 2024 /PRNewswire/ — V2X Inc. (NYSE: VVX) proudly announces its award of a $141 million cost-plus-fixed-fee task order to continue providing comprehensive engineering support for Command, Control, Communications, Computer, and Intelligence (C4I) systems. This task order is part of the Navy’s Fleet Systems Engineering Team (FSET) program, which V2X has supported for 25 years, ensuring that no U.S. Navy Strike Group or Amphibious Ready Group deploys without V2X.
“V2X provides a full range of assured communications services that are integral to the readiness of U.S. Navy ships,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “Since 1999, we have delivered complex C4I support under FSET, showcasing our longstanding history of innovative solutions. We look forward to continuing this vital relationship with the Navy.”
With the task order, V2X will deliver end-to-end C4I systems engineering solutions to the U.S. Navy’s afloat force, including command ships, ballistic missile defense ships, strike groups, and specific shore facilities. Additionally, we will offer systems engineering and technical innovation for the swift integration of new capabilities to mitigate new threats to Navy networks. Our fleet systems engineers will play a crucial role in monitoring C4I system performance, providing essential feedback on computer network defense status, and ensuring Navy C4I systems are promptly protected in the event of a mission impacting event.
This win exemplifies of V2X’s expanding footprint with the Navy. The contract extends through July 2029, with an option to extend to 2030.
About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773
View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-secures-141-million-award-to-provide-assured-communications-capability-to-the-navy-fleet-302199395.html
SOURCE V2X, Inc.
Jul 16, 2024
MCLEAN, Va., July 16, 2024 /PRNewswire/ — V2X, Inc., (NYSE: VVX), a leading provider of global mission solutions, will report second quarter 2024 financial results on Tuesday, August 6, 2024, before market open. Senior management will conduct a conference call at 8:00 a.m. ET that same day.
U.S.-based participants may dial in to the conference call at 877-506-6380, while international participants may dial 412-542-4198. A live webcast of the conference call as well as an accompanying slide presentation will be available at https://app.webinar.net/Aba2LPOkBXe and on the Investors section of the V2X website at https://gov2x.com/.
A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through August 20, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10190283.
About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773
Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195
View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-to-announce-second-quarter-2024-financial-results-302198671.html
SOURCE V2X, Inc.
Jun 24, 2024
MCLEAN, Va., June 24, 2024 /PRNewswire/ — V2X, Inc. (NYSE: VVX) has been awarded a $265 million contract to maintain safe operations at NASA’s Johnson Space Center in Houston, specifically at the Sonny Carter Training Facility, where astronauts receive crucial training to prepare for human spaceflight missions. V2X will deliver technical support to ensure the reliability of the integrated hardware and software systems utilized at the Neutral Buoyancy Laboratory (NBL). The contract’s period of performance extends until 2033, including option periods.
The NBL will serve as a training ground for NASA’s upcoming Artemis 2 mission, scheduled to launch in September 2025. The Artemis 2 missions will include the historic journey of the first woman and person of color to visit the moon, marking humanity’s return to the lunar surface after more than fifty years. The crew will land near the moon’s south pole, a region characterized by immense craters, extreme temperatures, and areas of permanent darkness, thus requiring extensive and meticulous preparation.
“We are honored to continue our partnership with NASA and support their mission to explore the frontiers of space,” said Jeremy Wensinger, President and Chief Executive Officer of V2X. “The Neutral Buoyancy Laboratory is an unparalleled facility, and we are committed to ensuring its readiness for the next generation of space exploration, including the groundbreaking Artemis 2 mission.”
At the NBL astronauts rehearse recovery missions, which are vital for the final stage of spaceflight when the crew’s capsule returns to Earth and splashes down into the ocean. Additionally, the laboratory houses a replica of the International Space Station, where astronauts practice working in microgravity, simulating the reduced gravity experienced in space. Recently, NASA and V2X have upgraded the NBL by converting a section into a realistic model of the moon’s surface.
As a critical asset for NASA, the NBL operates continuously to support the dynamic demands of human spaceflight. For over 30 years, it has been instrumental in training astronauts for space exploration, providing a realistic environment for practicing spacewalks and recovery missions.
About V2X
V2X delivers a comprehensive suite of integrated solutions across defense and commercial training, operations and logistics, aerospace, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 16,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.
Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773
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SOURCE V2X, Inc.
Jun 4, 2024
MCLEAN, Va., June 4, 2024 /PRNewswire/ — V2X Inc. (NYSE: VVX), and its VPS subsidiary business, a leading company specializing in corporate learning and development, is proud to announce its inclusion in the 2024 Training Industry Top 20 list for Custom Content Development. This prestigious recognition by Training Industry, the foremost research and information resource for corporate learning leaders, highlights VPS’s commitment to delivering exceptional training services and innovative solutions.
The Training Industry report identifies the best and most innovative providers in key sectors of the corporate training marketplace. Companies are evaluated based on criteria including the breadth and quality of content developed and services offered, industry visibility, innovation, impact, client representation, and business performance and growth.
Key Highlights:
- Consistent Excellence: VPS, along with its legacy companies, has been honored every year since the award’s inception in 2011. This 14-year streak underscores VPS’s unwavering dedication to creating valuable content for its clients.
- Innovative Solutions: VPS has continuously evolved to incorporate cutting-edge technologies such as Interactive Media, Augmented Reality, Virtual Reality, and Artificial Intelligence into its training solutions. Additionally, VPS has adeptly adapted to the profound shift towards distance learning prompted by the pandemic.
- Client-Centric Approach: Despite a competitive landscape that has expanded by over 500% since the award’s inception, VPS remains committed to a systems approach to learning, always placing the client at the center of its solutions.
VPS’s recognition by Training Industry not only highlights its consistent excellence but also its ability to stay at the forefront of content development and deployment innovations. “This accolade is a testament to the hard work and dedication of VPS’s team, who collaborate with clients daily to bring effective learning solutions to fruition,” said Ken Shreves Senior Vice President of Global Mission Solutions at V2X.
“Being recognized by Training Industry for over a decade is a testament to our team’s dedication and innovation,” said Russell O’Brien, Executive Director at VPS. “This honor validates our continuous efforts to deliver practical and impactful training solutions that meet the evolving needs of our clients. We are grateful to our talented team and loyal clients for making this achievement possible.”
For more information about VPS and its award-winning custom content development services, please visit www.vpslearning.com.
About V2X
V2X builds smart solutions designed to integrate physical and digital infrastructure – by aligning people, actions, and outputs. Our lifecycle solutions improve security, streamline logistics, and enhance readiness. The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 16,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.
Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773
View original content to download multimedia:https://www.prnewswire.com/news-releases/vps-a-subsidiary-of-v2x-recognized-as-a-top-custom-content-development-company-by-training-industry-for-2024-302163298.html
SOURCE V2X, Inc.
Jun 3, 2024
MCLEAN, Va., June 3, 2024 /PRNewswire/ — V2X, Inc. (NYSE: VVX) announces it has successfully repriced and extended its $907 million First Lien Term Loan.
Under the repricing, the annual interest margin was reduced by 50 basis points to 2.75%. Additionally, the 10-basis point Credit Spread Adjustment was eliminated from the company’s Secured Overnight Financing Rate, further improving the anticipated savings from the repricing. The company also extended the maturity of the loan by two years to December 2030.
“I’m pleased to report the successful repricing of our first lien term loan, which is another positive step in our efforts to increase shareholder value and enhance the company’s capital structure,” said Shawn Mural, Senior Vice President and Chief Financial Officer at V2X. “The repricing is expected to yield notable interest expense savings and lower the overall cost of capital, while extending those benefits for another two years. This outcome is a testament to the strength in our business, supported by V2X’s robust backlog, strong cash flow generation capabilities, and progress deleveraging the balance sheet.”
About V2X
V2X builds smart solutions designed to integrate physical and digital infrastructure – by aligning people, actions, and outputs. Our lifecycle solutions improve security, streamline logistics, and enhance readiness.
The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 16,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, all the statements in this release that are not historical, including, without limitation, interest expense savings, cost of capital, strength in our business, long-term contracts, cash flow generation capabilities, backlog, and progress deleveraging the balance sheet.
Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intent,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue,” “can,” “goal,” “long-term,” “drive,” “next,” and variations of such words and or similar expressions and terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management.
These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.
We do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events or otherwise, except as required by law.
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773
Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195
View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-announces-successful-repricing-and-extension-of-term-loan-302161886.html
SOURCE V2X, Inc.
