By Jane Edwards
February 3, 2022
Executive Mosaic is honored to present Vectrus President and CEO Chuck Prow as a 2022 Wash100 Award recipient, the eighth time he’s won the prestigious award in the nine-year history of Executive Mosaic’s annual selection of executives with staying power and influence in the government contracting sector.
Vectrus kicked off 2021 with the acquisition of HHB Systems in a deal that further expands its reach into the intelligence community following the purchase of Zenetex. Both moves expanded the company’s client base with new defense, intelligence and foreign military customers.
Amid the challenges posed by the COVID-19 pandemic, Prow reported strong third quarter results for Vectrus in November 2021, driven by a 30 percent year-over-year increase in revenue.
He said Vectrus ended Q3 2021 with a total backlog of approximately $5 billion and an adjusted diluted earnings per share of $1.15, reflecting a 19 percent year-over-year growth.
During the earnings call, Prow noted that the company is continuing to expand its presence in the Pacific or U.S. Indo-Pacific Command, which accounts for approximately 5 percent of Vectrus’ total revenue, up from 1 percent in the prior-year period.
“We believe INDOPACOM will be a key long-term growth driver for Vectrus, given the DoD’s intent to improve posture in the region,” Prow said. “Our prime position under LOGCAP V enables us to support our clients throughout the full range of operations in the region over the next decade.”
He mentioned notable contract wins with the Navy. These include a prime other transaction agreement to automate receipt and distribution processes for the Naval Air Warfare Center Aircraft Division using RFID technology; a contract to further develop Real-Time Spectrum Operation software for the Navy’s fleet; and a position on a five-year, $93 million indefinite-delivery/indefinite-quantity contract for research and development, integration, engineering, cybersecurity and sustainment support for the service’s tactical threat systems.
Prow discussed the company’s contract work on the Department of Defense’s potential $600 million 5G experimentation and testing program. He noted that Vectrus supported DOD’s first 5G project demonstration of a smart warehouse at Marine Corps Logistics Base in Albany, Georgia, particularly its role in the design, development and installation of a radio area network testbed.
He also offered an update on Vectrus’ work to build a 5G Smart Warehouse system at Naval Base Coronado under a three-year contract. Under the contract, the company will implement a 5G-ready environmental sensing, robotic material handling and inventory management platforms to support U.S. Navy transshipment activity.
During the call, Prow noted the company’s progress in advancing its data analytics, machine learning, sensor integration and internet of things offerings, which he said allows the company to deliver a more comprehensive and integrated set of platforms.
In November, the company’s new business pipeline was $11 billion, which Prow said reflects Vectrus’ continued focus on carrying out targeted growth campaigns to diversify its portfolio.
“Overall, we remain confident in our ability to successfully compete and win our fair share of new business,” he told analysts during the call.
In July 2021, the Colorado Springs, Colorado-based government services company announced that it booked $40 million in task orders to provide installation support services for the U.S. Air Force. The task orders were awarded under the $6.4 billion Air Force Contract Augmentation Program V indefinite-delivery/indefinite-quantity contract.
“These recent wins build on our AFCAP wins that were announced in the first quarter and demonstrate Vectrus’ ability to support our clients contingency and humanitarian support requirements with a full range of facilities and logistical services across the globe,” said Prow.
Before 2021 ended, a Vectrus subsidiary secured a $92.1 million contract modification to perform logistics support services for the U.S. Army. Vectrus Mission Solutions, which was formed following Vectrus’ acquisition of Alexandria, Virginia-based Sentel in January 2018, will conduct contract work in Fayetteville, North Carolina, through the end of March 2023.
Prow has been at the helm of Vectrus since December 2016. He brings to the position more than three decades of federal services and information technology experience. Prior to Vectrus, he held leadership roles at companies, including IBM and PwC. He currently sits on the boards of directors of the International Research & Exchanges Board and the Wolf Trap Foundation for the Performing Arts.
Executive Mosaic congratulates Chuck Prow and Vectrus on their Wash100 Award selection. Visit Wash100.com to cast a vote for the eight-time winner as one of your 10 favorite GovCon leaders.
About the Wash100 Award
This year represents the ninth annual Wash100 award selection. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic’s organizational and editorial leadership as the most influential leaders in the GovCon sector. These leaders demonstrate skills in leadership, innovation, reliability, achievement, and vision. Visitors to wash100.com can sign in and vote for the executives they believe will have the greatest impact on government contracting in the coming year.