MCLEAN,
Va., Aug. 26, 2024 /PRNewswire/ -- V2X,
Inc. (NYSE: VVX) announces that it has been awarded a single award
indefinite-delivery/indefinite-quantity contract valued at
$747 million. The F-5 aircraft play a
crucial role in training naval pilots by providing adversary combat
tactics and simulation capabilities. This advanced training
environment ensures that pilots are well-prepared for real-world
scenarios, enhancing their combat readiness and proficiency. The
use of F-5s in an aggressor-training role contributes significantly
to the overall readiness of our armed forces, ensuring they are
equipped with the skills and experience needed to protect the
nation effectively.
This contract underscores V2X's commitment to supporting our
nation's military readiness and ensuring the sustainability of
these essential assets.
"We are honored to have been selected for this critical
endeavor, further solidifying our dedication to providing industry
leading support for our nation's defense," said Jeremy C. Wensinger, President and Chief
Executive Officer at V2X. "We look forward to leveraging our
expertise and capabilities to ensure the operational excellence of
the F-5 aircraft and, by extension, the readiness of the U.S. Navy
and Marine Corps."
V2X will be responsible for delivering critical support and
operational readiness of the F-5 Adversary aircraft. The work will
encompass multiple locations across the
United States.
Under this firm-fixed price contract, the comprehensive scope of
services is projected to continue through November 2028 on the base contract, with three
one-year options that could extend through November 2031, bringing the overall contract
value to more than $747 million.
About V2X
V2X builds innovative solutions that integrate physical and
digital environments by aligning people, actions, and technology.
V2X is embedded in all elements of a critical mission's lifecycle
to enhance readiness, optimize resource management, and boost
security. The company provides innovation spanning national
security, defense, civilian, and international markets. With a
global team of approximately 16,000 professionals, V2X enables
mission success by injecting AI and machine learning capabilities
to meet today's toughest challenges across all operational
domains.
Media Contact
Angelica Spanos
Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195
Investor Contact
Mike
Smith, CFA
Vice President, Treasury, Corporate Development and Investor
Relations
IR@goV2X.com
719-637-5773
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SOURCE V2X, Inc.