StockNews.AI
VVX
StockNews.AI
146 days

V2X Expands Army Training Support with $921 Million BEST MAC Contract

1. V2X awarded $921 million contract to support U.S. Army TESS devices. 2. Contract spans ten years, enhancing Army's live training capabilities. 3. V2X's work complements a $3.7 billion Warfighter-Training task order. 4. Company committed to national security and readiness through innovative solutions.

5m saved
Insight
Article

FAQ

Why Bullish?

Winning a large contract boosts V2X's revenue potential and market position, similar to past government contracts that drove stock price increases. Historical instances show that strong military contracts positively correlate with defense contractors' stock prices.

How important is it?

The significant contract value and V2X's strategic position as a defense contractor suggest a considerable and favorable likelihood of affecting VVX’s stock performance positively.

Why Long Term?

The contract’s duration of ten years ensures stable revenue, aligning with long-term investment strategies in defense sectors, as history demonstrates that government contracts can lead to sustained growth in stock prices.

Related Companies

LMTBABCNOC
, /PRNewswire/ -- V2X (NYSE: VVX) Inc., announced its selection as a winner on the Bridge to Enduring Synthetic Training Environment Tactical Engagement Simulation Systems (TESS) Multiple-Award Contract (BEST MAC) Lot 1. This contract supports the U.S. Army's TESS devices, a vital component of its live training capabilities, by extending their product life and ensuring they meet the Army's evolving requirements. The indefinite-delivery, indefinite-quantity contract includes a ten-year period of performance consisting of a five-year base period and two options (three-year option and a two-year option), with a ceiling value of $921 million. Under this award, V2X will support the U.S. Army's TESS products that are designed to enable simulated engagements, either as weapons or targets, during live collective military training exercises. These devices include weapons, vehicles, and aviation systems. Existing TESS must be modified to stay relevant as changes to weapon systems evolve. "The BEST MAC contract perfectly complements the work we perform under our $3.7 billion Warfighter-Training Readiness Solutions task order," said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. "Both programs demonstrate our commitment to the warfighter and our expertise in delivering readiness capabilities that enhance Army training and strengthen national security." "As the prime contractor for the Army's largest training services program, V2X is uniquely positioned to deliver superior services that align with BEST MAC future requirements," said Ken Shreves, Senior Vice President of Mission Support at V2X. "Our dedication to the Army goes beyond operational excellence—we are committed to reinforcing national security through mission-critical initiatives and ensuring troops are prepared worldwide." About V2XV2X 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. Investor Contact Mike Smith, CFAVice President, Treasury, Corporate Development and Investor Relations[email protected]719-637-5773 Media ContactAngelica Spanos DeoudesSenior Director, Marketing and Communications  [email protected]571-338-5195 SOURCE V2X, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News