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RESTON, Va. - V2X, Inc. (NYSE:VVX) has been granted a $100 million contract to bolster the U.S. Navy’s Aegis Ashore missile defense facilities in Poland, a significant component of NATO’s defense strategy against ballistic missiles. The announcement made today indicates V2X’s growing role in international security, particularly in enhancing NATO’s capabilities to counter ballistic missile threats. According to InvestingPro data, V2X currently generates annual revenue of $4.32 billion and maintains a healthy EBITDA of $270.77 million, suggesting strong operational capacity for such major contracts.
The Aegis Ashore site in Poland is part of a broader missile defense system that aims to protect European NATO members. V2X’s contract involves providing support services that are critical for the operational readiness of these facilities. The company has a history of similar work, having supported the Aegis Ashore site in Romania for the past four years. InvestingPro analysis indicates the company is currently undervalued, with analysts setting price targets up to $80 per share. Get detailed insights and 8 additional ProTips with an InvestingPro subscription.
V2X’s new contract is a firm-fixed-price agreement, which includes a one-year base period with the potential for seven one-year extensions and an additional six-month extension. This structure suggests a long-term commitment to maintaining the missile defense infrastructure in Poland.
Jeremy C. Wensinger, President and CEO of V2X, expressed the company’s dedication to high-stakes missions and emphasized the importance of the contract in strengthening NATO’s defense systems. "This award marks a significant step in strengthening NATO’s defense and protecting European populations against global threats," Wensinger stated.
V2X is known for integrating physical and digital environments to enhance security and resource management across various sectors, including national defense and international markets. With a workforce of approximately 16,000 professionals worldwide, the company infuses advanced technologies like AI and machine learning to address complex challenges across operational domains.
This new contract with the U.S. Navy reinforces V2X’s position in the defense sector and its contribution to global security initiatives. The information is based on a press release statement from V2X, Inc.
In other recent news, V2X Inc reported a strong financial performance for the fourth quarter of 2024, with revenue reaching $1.16 billion, marking an 11% increase year-over-year. The company’s adjusted earnings per share (EPS) rose to $4.34, reflecting a 16% increase. V2X Inc secured more than $5.5 billion in contract wins during 2024, contributing to a total backlog of $12.5 billion. The company’s full-year revenue increased by 9% to $4.32 billion, driven by significant growth in the Indo-Pacific region. Looking ahead, V2X Inc provided revenue guidance for 2025, estimating between $4.375 billion and $4.5 billion. The company expects a sequential increase in revenue and EBITDA throughout the year. Additionally, V2X Inc’s net debt improved to $210 million, demonstrating strong cash generation and debt reduction efforts. Analyst firms have noted the company’s strategic positioning and alignment with current administration priorities, particularly in supporting warfighter readiness.
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