GovConWire:  V2X Reports $958M in Q3 Revenue; Chuck Prow on Growth Opportunities After Vectrus-Vertex Merger

V2X (NYSE: VVX) reported $958.2 million in revenue during the third quarter of 2022 and saw its pro forma revenue climb 10 percent year-over-year to $961.3 million. The company said Tuesday the quarterly results reflect the contributions of Vectrus between July 1 and end of September and Vertex from July 5 to Sept. 30. On July 5, Vectrus closed …

Washington Technology: Where the new ‘V2X’ is looking to cast its wider net

July 5 represented day one for the newly cast V2X after the merger of Vectrus and Vertex created a larger technical services provider in the government market. One aspect of the thesis for transactions such as V2X goes like this: growth and enhanced profitability will happen faster and at greater rates after joining forces than would have happened separately. During …

dvids: Southwest Region Admiral visits NAVSUP FLC San Diego’s first 5G warehouse

Coronado, Calif. — Rear Adm. Brad Rosen, commander, Navy Region Southwest, toured Naval Supply Systems Command’s (NAVSUP) Fleet Logistics Center (FLC) San Diego 5G smart warehouse located on Naval Air Station North Island Sept. 8. “The 5G smart warehouse will considerably reduce processing times and fewer errors will be made. There’s huge opportunities here to …

Sermitsaiq: 12 Apprentices at Pituffik

American Vectrus which currently has the base maintenance contract at Pituffik has continued the apprenticeship program. Currently, there are 12 apprentices from Greenland on base. Two of them are Aima Qvist and Aqqaluk Fleischer, who both want to work at the base when they conclude their education. Since 2017 the American company Vectrus’ flag has …

GovConWire: Executive Spotlight: Vectrus Chief Engineer Michael Smith Discusses 5G Evolution, Rise of Electromagnetic Spectrum Sharing & More

The rise of electronic warfare, or EW, has fueled an increase in demand for electromagnetic spectrum operations and capabilities across the GovCon landscape. This heightened demand is manifesting in increased interest and investments in 5G-enabled technologies, smart facilities, Internet of Things and more as spectrum sharing becomes more prevalent in defense and civilian applications. To …

The Wall Street Journal: Why More Companies Are Putting Lego Bricks in the Office

Executives believe bringing in the colorful brick toys helps with creativity, anxiety and communication The engineers at German company Metafinanz snickered when they saw small piles of Lego bricks awaiting them in the conference room. The compliance team was skeptical, the risk management team was openly critical.  “But by the time we were done, the biggest critics …

GovConWire: V2X Issues 1st Financial Report Since Vectrus-Vertex Merger; Chuck Prow Quoted

V2X (NYSE: VVX) reported $498 million in sales for the second quarter of 2022, up 6 percent from the prior-year period, and said the quarterly results for the period ended July 1 reflect contributions of Vectrus prior to the completion of its merger with The Vertex Company. In early July, Vectrus closed its all-stock merger with The Vertex Company, …

DefenseNews Top 100: The list is here: Find out how global defense companies performed in FY21

The war in Ukraine has sparked a global hunger for weapons that is likely to play out over years. In some cases, the war is pushing countries to turn to off-the-shelf systems rather than wait for programs already in development. As a result, this new wave of spending is likely to have major ramifications for the global defense industry …

GovConWire: Q&A with V2X CEO Chuck Prow Highlights Pre-Merger Discussions & Future Opportunities for Combined Workforce

Following the completion of the all-stock merger between Vectrus and Vertex that resulted in the establishment of V2X, Chuck Prow, CEO of the new and more diversified company, engaged in a Q&A with GovCon Wire to share the early discussions about the combination and to expound on the rationale behind the transaction. The eight-time recipient of the Wash100 Award also talked …

Washington Technology: Vectrus-Vertex Merger Closes

Vectrus and Vertex are now one after the companies have completed their merger to create a new government services contractor with a new name. But the now McLean, Virginia-headquartered V2X will not get its stock ticker symbol quite yet. The company will trade as “VEC” through Thursday and then take on the new symbol of “VVX” …