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RESTON, Va. - V2X (NYSE:VVX), a provider of integrated logistics and technology solutions generating annual revenues of $4.32 billion, has been awarded a spot on the U.S. Navy’s Worldwide Expeditionary Multiple Award Contract (WEXMAC) 2.0. This contract is part of a strategic initiative to bolster global military operations through enhanced logistical support. According to InvestingPro analysis, V2X appears undervalued with analysts setting price targets as high as $80.
The WEXMAC 2.0 contract, managed by the Army Contracting Command and the Naval Supply Systems Command, is designed to streamline procurement and integrate advanced technology to support joint forces and federal agencies across the globe. V2X’s role in this contract involves delivering supply chain solutions to 22 designated regions, leveraging its global presence to meet the logistical needs of the Navy.
With an initial five-year period, the contract has a ceiling value of $1.2 billion and includes an option to extend for a total duration of up to 10 years and a total value of $2.4 billion. V2X aims to enhance readiness and optimize resource management for global expeditionary missions through this contract. The company has demonstrated solid performance with 9.06% revenue growth and $270.77 million in EBITDA over the last twelve months. InvestingPro data reveals 7 additional key metrics and insights available for subscribers.
Jeremy C. Wensinger, President and CEO of V2X, stated, "This award reaffirms our commitment to delivering mission-critical solutions that strengthen global security and ensure warfighters have the resources they need." He emphasized the contract’s role in advancing the defense logistics framework and enabling support for global missions with efficiency and agility.
V2X specializes in creating solutions that combine physical and digital elements, focusing on aligning people, actions, and technology. The company’s work spans national security, defense, civilian, and international markets, with a team of approximately 16,000 professionals worldwide. V2X is known for incorporating AI and machine learning into its offerings to address contemporary operational challenges.
This news is based on a press release statement.
In other recent news, V2X, Inc. reported strong financial results for the fourth quarter and full-year 2024, with a notable 11% increase in Q4 revenue, reaching $1.16 billion. The company’s adjusted earnings per share (EPS) rose by 16% to $4.34, reflecting robust growth and investor confidence. V2X also secured over $5.5 billion in contract wins throughout 2024, contributing to its total backlog of $12.5 billion. The company has provided a revenue guidance range of $4.375 billion to $4.5 billion for 2025, indicating continued growth.
Additionally, V2X was awarded a $100 million firm-fixed-price contract by the U.S. Navy to support the Aegis Ashore missile defense facilities in Poland. This contract includes a one-year base period with options for seven one-year extensions, emphasizing V2X’s role in enhancing NATO’s defense capabilities. BTIG has maintained its Buy rating on V2X, with a price target of $80, highlighting the company’s strategic positioning in the defense sector.
These developments underscore V2X’s continued focus on performance-based contracting and strategic growth in key markets. The company’s alignment with current U.S. administration priorities and its emphasis on fixed-price work are expected to provide more predictable revenue streams.
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