V2X appoints Greg Lundy as new vice president of technology

RESTON, Va. - V2X, Inc. (NYSE:VVX), a $1.75 billion market cap defense and aerospace company that has shown strong financial health according to InvestingPro analysis, has appointed Greg Lundy as Vice President of Technology, effective Monday, the company announced in a press release.

Lundy will lead the company’s innovation and technology strategy with a focus on advancing Independent Research and Development initiatives. He will report directly to L. Roger Mason, Chief Growth Officer at V2X, as the company continues to build on its $4.3 billion revenue base and positive growth trajectory.

The new executive brings more than 20 years of leadership experience in artificial intelligence, machine learning, cybersecurity, and advanced network architectures. He joins V2X from Collins Aerospace and previously held senior positions at Sony, Booz Allen Hamilton, and the U.S. Navy.

Jeremy C. Wensinger, President and Chief Executive Officer at V2X, said Lundy "has a proven track record of driving multibillion-dollar defense and aerospace portfolios, architecting secure and autonomous systems, and leading large-scale engineering teams."

Lundy’s background includes service as a U.S. Navy officer and mission commander with over 2,000 combat flight hours and operational ISR expertise.

His academic credentials include a bachelor’s degree from the Maine Maritime Academy, a master’s degree from The George Washington University, an MBA from the University of Virginia’s Darden School of Business, and a doctorate in Artificial Intelligence/Machine Learning from The George Washington University.

V2X describes itself as a company that builds solutions integrating physical and digital environments, with approximately 16,000 professionals serving national security, defense, civilian, and international markets. InvestingPro analysis indicates the company is currently undervalued with strong recent performance and positive earnings expectations. For detailed insights and more exclusive financial metrics, investors can access the comprehensive Pro Research Report, available with an InvestingPro subscription.

In other recent news, V2X reported strong second-quarter earnings, with sales reaching $1,078 million, surpassing consensus estimates by 2.6%. The company’s adjusted EBITDA was $82.4 million, 15% above Street expectations, with an adjusted EBITDA margin of 7.6%, which included a one-time benefit. Following these results, Raymond James reiterated its Outperform rating, maintaining a $57.00 price target. Stifel also raised its price target for V2X to $63.00 from $55.00, citing the company’s robust quarterly performance and a significant T-6 contract win. Additionally, BofA Securities upgraded V2X from Neutral to Buy, highlighting recent contract wins that demonstrate the company’s competitive strength. In other developments, V2X announced a secondary offering of 2 million shares by Vertex Aerospace Holdco LLC, with V2X repurchasing 200,000 shares using cash on hand. The company also appointed retired Brigadier General Stan Budraitis as Vice President of Business Development for Army Aviation Programs, following his 35-year career in the U.S. Army.

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