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RESTON, Va. - V2X Inc. (NYSE:VVX), a $1.77 billion market cap defense contractor whose stock has gained nearly 20% year-to-date according to InvestingPro, announced Thursday it has been selected as one of six companies awarded positions on the Defense Threat Reduction Agency’s (DTRA) Cooperative Threat Reduction Integrating Contract IV (CTRIC IV).
The indefinite-delivery, indefinite-quantity contract has a ceiling value of $3.5 billion over a five-year base period, with five additional option years available.
Under the contract, V2X will support the Department of Defense’s global Cooperative Threat Reduction program, which focuses on reducing threats from weapons of mass destruction. The company will provide services to counter and eliminate chemical, biological, radiological, and nuclear threats worldwide.
"This award underscores our proven ability to support high-consequence missions on a global scale," said Jeremy C. Wensinger, President and Chief Executive Officer of V2X, in a press release statement. According to InvestingPro analysis, V2X appears undervalued with strong financial health metrics. Get the full analysis and 6 additional ProTips with an InvestingPro subscription.
The CTRIC IV contract represents a continuation of V2X’s work with DTRA and expands the company’s involvement in global threat reduction initiatives.
V2X employs approximately 16,000 professionals globally and provides services across national security, defense, civilian, and international markets.
In other recent news, V2X Inc. announced a secondary offering of 2 million shares by Vertex Aerospace Holdco LLC, with the underwritten offering expected to close in August 2025. V2X will not receive proceeds from this offering, but the company plans to repurchase 200,000 shares using cash on hand. BofA Securities recently upgraded V2X’s stock from Neutral to Buy, citing contract wins that highlight the company’s competitive strength in its logistics and operations sectors. In leadership changes, V2X appointed Greg Lundy as Vice President of Technology to spearhead innovation and technology strategies. Additionally, retired Army Brigadier General Stan Budraitis joined as Vice President of Business Development for Army Aviation Programs. The company is also celebrating the 11th anniversary of the Shifting Gears Automotive Technician Training Program, in collaboration with General Motors and the U.S. Army, which has trained about 1,000 veterans. These developments mark significant strides for V2X in both its business operations and community initiatives.
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