Latest news with #V2X
National Post
3 days ago
- Automotive
- National Post
Mitsubishi Electric's FLEXConnect™ Joins the Safety Cloud® Network
Article content CHICAGO & NORTHVILLE, Mich. — HAAS Alert, a company with the largest commercially deployed vehicle-to-everything (V2X) safety network powered by its Safety Cloud digital alerting platform, and Mitsubishi Electric Automotive America, Inc. ('MEAA'), a consistently dependable supplier that creates high-quality in-car systems for major OEMs around the world, are thrilled to announce their collaboration on a strategic partnership that will lead the way in the next generation of in-vehicle experience. Article content Article content MEAA announced its latest in-cabin monitoring system, FLEXConnect™, at the 2025 Consumer Electronics Show (CES), showcasing its ability to leverage real-time vehicle data to enhance driver safety and personalization. FLEXConnect™ now integrates with Safety Cloud to provide an extra level of protection for drivers using MEAA in-vehicle monitoring systems. Article content 'Safety is at the core of FLEXConnect™,' said Mohammad Horani, Director of Advanced Development at MEAA. 'That makes Safety Cloud digital alerting a natural fit to the FLEXConnect™ experience.' Article content Safety Cloud delivers real-time safety notifications from emergency vehicles, work zones, tow trucks, and other active road hazards to millions of drivers every day. This technology, which is embedded in compatible Chrysler, Dodge, Jeep, Ram, and Volkswagen vehicles, as well as Apple Maps and Waze navigation apps, improves roadway safety by instantly alerting drivers to approaching and nearby emergency and public works vehicles, making it easier and safer to perform public and emergency services. Article content The integration between Safety Cloud and FLEXConnect™ will allow drivers to receive alerts through an in-vehicle information system of nearby roadway hazards. This joint solution will even go a step beyond digital alerting. When the vehicle is alerted that the driver is in an emergency situation, FLEXConnect™ will notify and inform other nearby drivers via Safety Cloud that there is a disabled vehicle ahead. Article content 'HAAS Alert is thrilled to enter into this partnership with Mitsubishi Electric,' said Hussein Zaarour, Vice President of Business Development – Connected Vehicles at HAAS Alert. 'Mitsubishi Electric's focus on automotive innovation and safety is in perfect lockstep with HAAS Alert's mission to make vehicles and roads safer and smarter.' Article content About HAAS Alert Article content HAAS Alert's mission is to build lifesaving mobility solutions that make vehicles and roads safer and smarter. Their vision is a connected, collision-free world where everyone gets home safely. HAAS Alert makes roads and communities safer by delivering digital alerts from emergency response, municipal and private fleets, work zones, and connected infrastructure to nearby drivers through its vehicle communication platform. Article content MEAA is a consistently dependable supplier that creates high-quality in-car systems for major OEMs around the world. Known for our innovative components, we leverage our deep technology expertise to deliver autonomous-ready and ADAS solutions, premium audio systems, high-definition displays, and powertrain electronics for standard, EV, and hybrid vehicles. Our innovation culture and operational excellence, which extends far beyond automotive, makes us uniquely poised to help automakers navigate the future of mobility. MEAA has had a North American presence since 1979 and currently operates in 50 locations. Article content Article content Article content Article content Article content Contacts Article content Media Contacts: HAAS Alert Brock Aun brock@ (833) 433-422 Article content Article content Article content
Yahoo
15-05-2025
- Business
- Yahoo
V2X, INC. ANNOUNCES SALE OF 2,000,000 SHARES OF COMMON STOCK IN SECONDARY OFFERING BY VERTEX AEROSPACE
MCLEAN, Va., May 15, 2025 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) ("V2X"), a leading provider of global mission solutions, announced today the sale of 2 million shares of its common stock on an underwritten basis by Vertex Aerospace Holdco LLC ("Vertex Aerospace"). In addition, the underwriter will have an option to purchase up to 300,000 additional shares from Vertex Aerospace. V2X is not selling any shares of common stock in the offering, and V2X will not receive any proceeds from the offering by Vertex Aerospace. The offering is expected to close on or about May 19, 2025, subject to customary closing conditions. RBC Capital Markets is acting as the sole underwriter for the offering. RBC Capital Markets proposes to offer the shares of common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the New York Stock Exchange, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. Following the offering, Vertex Aerospace will continue to beneficially own 12,167,286 shares, or approximately 38.4%, of V2X's outstanding common stock after giving effect to the offering (or 11,867,286 shares, or approximately 37.4%, if the underwriter fully exercises its option to purchase additional shares). A registration statement on Form S-3 (File No. 333-267223) relating to the shares of common stock of V2X to be sold in the offering was declared effective by the Securities and Exchange Commission (the "SEC") on September 12, 2022 and the offering may only be made by means of the written prospectus contained therein. Before you invest, you should read the prospectus in that registration statement and the other documents V2X has filed with the SEC for more complete information about V2X and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at Alternatively, RBC Capital Markets will arrange to send you the prospectus if you request it by writing RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, Attention: Equity Capital Markets, Facsimile: (212) 428-6260. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995 and, as such, may involve risks and uncertainties. All statements included in this press release, other than statements that are purely historical, are forward-looking statements. Forward-looking statements include statements about the offering and 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 our management based on information currently available to management. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: V2X's ability to submit proposals for and/or win all potential opportunities in their pipeline; V2X's ability to retain and renew existing contracts; the V2X's ability to compete with other companies in their market; security breaches, cyber-attacks or cyber intrusions, and other disruptions to their information technology and operation; their mix of cost-plus, cost-reimbursable, firm-fixed-price and time-and-materials contracts; maintaining their reputation and relationship with the U.S. government; protests of new awards; economic, political and social conditions in the countries in which they conduct their businesses; changes in U.S. or international government defense budgets, including potential changes from the U.S. president and administration; government regulations and compliance therewith, including changes to the Department of Defense's procurement process; changes in technology; V2X's ability to protect their intellectual property rights; governmental investigations, reviews, audits and cost adjustments; contingencies related to actual or alleged environmental contamination, claims and concerns; delays in completion of the U.S. government budget; V2X's success in extending, deepening, and enhancing their technical capabilities; V2X's success in expanding their geographic footprint or broadening their customer base; V2X's ability to realize the full amounts reflected in their backlog; impairment of goodwill; misconduct of V2X's employees, subcontractors, agents, prime contractors and business partners; V2X's ability to control costs; the V2X's level of indebtedness; terms of the V2X's credit agreements; inflation and interest rate risk; geopolitical risk, including as a result of recent global hostilities and tariffs; the V2X's subcontractors' performance; economic and capital markets conditions; the V2X's ability to maintain safe work sites and equipment; V2X's ability to retain and recruit qualified personnel; V2X's ability to maintain good relationships with their workforce and unions; V2X's teaming relationships with other contractors; changes in V2X's accounting estimates; the adequacy of V2X's insurance coverage; volatility in V2X's stock price; changes in V2X's tax provisions or exposure to additional income tax liabilities; risks and uncertainties relating to integrating and refining internal control systems, including enterprise resource planning and business systems, post-merger; changes in generally accepted accounting principles; and other factors, including those described under the heading "Risk Factors" in V2X's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC and in the prospectus related to the offering that V2X will file with the SEC. V2X undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. V2X, SmithVice President, Treasury, Corporate Development and Investor Relations1-719-637-5773IR@ 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
13-05-2025
- Business
- Associated Press
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 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.
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
