Latest news with #JeremyC.Wensinger
Yahoo
13-05-2025
- Business
- Yahoo
V2X Awarded Spot on U.S. Army LTRaC Contract to Advance Live Training and Readiness
RESTON, Va., May 13, 2025 /PRNewswire/ -- V2X Inc. (NYSE: VVX) has been selected as an awardee on the U.S. Army's Live Training, Ranges, and Combat Training Centers (LTRaC) Indefinite Delivery, Indefinite Quantity (IDIQ) Multiple Award Contract 3. This strategic contract, supporting the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI), delivers life-cycle product line management, engineering, and manufacturing for both existing and new training instrumentation systems. LTRaC is expected to modernize and enhance major range and Combat Training Center (CTC) instrumentation systems. Under this contract, V2X will provide support for live fire ranges, CTC's, home station training environments, and potentially U.S. Marine Corps live training systems. "With the addition of LTRaC, V2X completes the trifecta of premier Army training contracts, joining our work of BEST MAC and W-TRS," said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. "From daily operations to modernization and advanced instrumentation, V2X supports every stage of the warfighter's training journey, delivering readiness at scale." The scope of LTRaC includes continuous technology refresh efforts, modernization initiatives, research and development, and new system delivery for live training systems. "From every soldier and every weapon system, to every major training installation, V2X delivers integrated support across training aids, devices, simulators, and simulations," said Ken Shreves, Senior Vice President of Mission Support at V2X. The LTRaC IDIQ contract has a ceiling value of $379 million over an eight-year period of performance, including a five-year base and a three-year option period. 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 RelationsIR@ Media ContactAngelica Spanos DeoudesSenior Director, Marketing and Communications View original content to download multimedia: SOURCE V2X, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
V2X Approves Share Repurchase Program
RESTON, Va., May 12, 2025 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) today announced that its Board of Directors has approved a share repurchase program under which the Company may purchase, from time to time, up to $100 million of the Company's common stock for a three-year term ending on May 12, 2028. Jeremy C. Wensinger, President and Chief Executive Officer of V2X stated, "We are excited to announce a $100 million share repurchase program, which reflects the strength in our business and our commitment to enhancing shareholder returns through a disciplined capital allocation strategy. We are focused on maximizing shareholder returns while investing for growth, which is supported by our strong end markets, revenue visibility, backlog, balance sheet, and high free cash flow." The purchases under the share repurchase program may be made from time to time (i) through open market purchases, block trades, privately negotiated transactions, one or more trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or any combination of the foregoing, in each case in accordance with applicable laws, rules and regulations or (ii) in such other manner as will comply with the provisions of the Securities Exchange Act of 1934, as amended. The timing, manner, price and amount of any share repurchases will be determined by V2X in its discretion and will be subject to market and economic conditions, prevailing share prices, loan covenants, applicable legal and regulatory requirements, alternative investment opportunities, and other factors. The share repurchase program does not require V2X to repurchase shares of its common stock and it may be amended, suspended or discontinued at any time. 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 Media Contact Mike Smith, CFA Angelica Spanos Deoudes IR@ Communications@ 719-637-5773 571-338-5195 Safe Harbor StatementSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the "Act"): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, the strength of our business, our commitment to enhancing shareholder returns, capital allocation strategy and investing for growth. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "could," "potential," "continue" or similar terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management. These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management's control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company's historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View original content to download multimedia: SOURCE V2X, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
30-04-2025
- Business
- Associated Press
V2X Awarded $140 Million Task Order to Support a Key Space Force Tracking and Instrumentation Station
RESTON, Va., April 30, 2025 /PRNewswire/ -- V2X Inc. (NYSE: VVX) announced it has been awarded a new five-year task order to support U.S. Space Force operations at Ascension Island as part of the U.S. Air Force's Contract Augmentation Program V (AFCAP V). The firm-fixed-price award includes a one-year base period and four one-year option periods, with a ceiling value of $140 million. Ascension Island is a key strategic location in the South Atlantic, supporting U.S. Space Force operations and the broader Eastern Range mission. Under this contract, V2X will deliver essential services that improve mission outcomes, operational efficiency, and infrastructure resilience on the island. 'Ascension Island plays a significant role in advancing the U.S. Space Force mission, and we're proud to support this national security asset,' said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. 'We will leverage our full lifecycle capabilities and decades of experience operating at scale in remote and dynamic environments to deliver improved readiness for this strategically vital mission.' V2X continues to be a trusted partner under the AFCAP V, the company's consistent performance under the program stresses its ability to deliver agile, reliable, and high-quality support services at scale across the globe. Operations are set to begin July 2025, reinforcing V2X's commitment to supporting full-spectrum solutions. 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. Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773 Media Contact Angelica Spanos Deoudes Senior Director, Marketing and Communications [email protected] 571-338-5195 View original content to download multimedia: SOURCE V2X, Inc.
Associated Press
26-03-2025
- Business
- Associated Press
V2X Expands Army Training Support with $921 Million BEST MAC Contract
RESTON, Va., March 26, 2025 /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 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. 719-637-5773 Media Contact Angelica Spanos Deoudes 571-338-5195 SOURCE V2X, Inc.
Yahoo
26-03-2025
- Business
- Yahoo
V2X Expands Army Training Support with $921 Million BEST MAC Contract
RESTON, Va., March 26, 2025 /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 RelationsIR@ Media ContactAngelica Spanos DeoudesSenior Director, Marketing and Communications View original content to download multimedia: SOURCE V2X, Inc.
