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RESTON, Va. - V2X Inc. (NYSE:VVX), a provider of mission support services with annual revenue of $4.3 billion, has secured a five-year task order to bolster U.S. Space Force operations on Ascension Island, a strategic South Atlantic location critical to space and missile tracking activities. The contract, part of the U.S. Air Force’s Contract Augmentation Program V (AFCAP V), has a ceiling value of $140 million, encompassing a one-year base period with four additional one-year options. According to InvestingPro data, the company’s net income is expected to grow this year, with analysts projecting strong profitability.
The company is tasked with delivering key services aimed at enhancing mission outcomes, operational efficiency, and infrastructure resilience. These services are crucial for the ongoing support of the U.S. Space Force and the broader Eastern Range mission, which includes space launches and missile tests.
Jeremy C. Wensinger, President and CEO of V2X, emphasized the importance of Ascension Island to the U.S. Space Force mission and expressed pride in the company’s role in supporting this national security asset. V2X plans to apply its full lifecycle capabilities and extensive experience in remote and dynamic settings to increase readiness for the critical operations conducted there.
V2X’s selection for the AFCAP V task order reflects the company’s reputation for providing agile, reliable, and high-quality support services on a global scale. The commencement of operations is scheduled for July 2025, demonstrating V2X’s ongoing commitment to delivering comprehensive solutions.
V2X specializes in integrating physical and digital environments, employing a global team of approximately 16,000 professionals. The company enhances mission readiness, optimizes resource management, and strengthens security by incorporating AI and machine learning into its offerings. With an EBITDA of $270.8 million and a market capitalization of $1.56 billion, V2X serves various markets, including national security, defense, civilian, and international sectors.
This contract award is expected to reinforce V2X’s position as a key player in supporting space operations and may influence investor perceptions of the company’s growth trajectory and market presence. Trading at $50.22, V2X appears undervalued according to InvestingPro Fair Value analysis. The information for this article is based on a press release statement from V2X Inc. For comprehensive analysis including 6 additional ProTips and detailed financial metrics, explore V2X’s Pro Research Report, available exclusively on InvestingPro.
In other recent news, V2X Inc. has been awarded a $103 million contract from the U.S. Navy to provide Contractor Logistics Support for the Navy’s C-26 aircraft fleet. This contract involves engineering services, maintenance, and upgrades, and is set to begin in June 2025. Additionally, V2X has secured an extension of its task orders under the Logistics Civil Augmentation Program V, supporting U.S. military operations globally, with the extension lasting until June 2030. The company also won a $62 million contract to maintain the COBRA DANE radar system in Alaska, with work expected to be completed by March 2027. In personnel news, V2X appointed Melon Yeshoalul as Senior Vice President, Chief Human Resources Officer, bringing over 20 years of experience to the role. Meanwhile, Morgan Stanley initiated coverage on V2X with an Underweight rating and a $51 price target, noting the company’s stable core business but highlighting potential risks from changes in military operations and government contracting practices. These developments emphasize V2X’s significant role in defense and national security solutions.
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