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RESTON, Va. - V2X, Inc. (NYSE:VVX), a $1.71 billion market cap defense services company currently rated as undervalued according to InvestingPro analysis, announced Monday it has completed the acquisition of QinetiQ’s U.S. Intelligence business for approximately $24 million net of estimated tax benefits.
The transaction brings approximately 70 professionals with expertise in intelligence and cyber operations to V2X, expanding the company’s capabilities in data engineering, intelligence mission support, and cyber solutions for the Intelligence Community.
"This acquisition enhances our position in the Intelligence Community and strengthens our ability to deliver data-enabled mission solutions across all domains," said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. The company has demonstrated solid financial performance with $4.3 billion in revenue over the last twelve months and maintains a healthy current ratio of 1.2.
Integration of the acquired business into V2X’s national security portfolio has already begun and will continue over the coming months, according to the company’s press release statement. InvestingPro analysis reveals multiple additional insights about V2X’s financial health and growth prospects, with 6 more exclusive ProTips available to subscribers.
V2X provides services across national security, defense, civilian, and international markets with a global team of approximately 16,000 professionals. The company focuses on integrating physical and digital environments through technology solutions.
The acquisition is expected to expand V2X’s access to critical national security programs, adding new capabilities to its existing portfolio of services. Analysts project continued growth, with net income expected to increase this year and the company maintaining profitability across its operations.
In other recent news, V2X Inc. has been selected as one of six companies to secure a position on the Defense Threat Reduction Agency’s Cooperative Threat Reduction Integrating Contract IV. This indefinite-delivery, indefinite-quantity contract has a ceiling value of $3.5 billion over a five-year base period, with the possibility of five additional option years. In another development, V2X, in collaboration with General Motors and the U.S. Army, is celebrating the 11th anniversary of the Shifting Gears Automotive Technician Training Program, which has trained approximately 1,000 transitioning service members since its inception. Furthermore, V2X has appointed Greg Lundy as Vice President of Technology, where he will lead the company’s innovation and technology strategy. Additionally, the company named retired Brigadier General Stan Budraitis as Vice President of Business Development for Army Aviation Programs. In analyst news, BofA Securities upgraded V2X’s stock from Neutral to Buy, citing recent contract wins and the company’s strategic positioning in its core logistics and operations sectors.
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