The Gazette: Colorado Springs defense contractor expands with acquisition of Virginia company

By Rich Laden rich.laden@gazette.com Colorado Springs defense contractor Vectrus is expanding again, agreeing to pay $112 million to acquire a Virginia-based company that specializes in providing management and technology services for federal and defense industry clients. Vectrus is buying Zenetex of Herndon, Va., near Washington D.C. It’s the third acquisition for Vectrus since it was …

Washington Business Journal: Vectrus acquires Herndon IT services contractor for $112M

By Carten Cordell, Staff Writer Vectrus Inc. (NYSE: VEC) made a bid to expand its footprint in both the federal and international government markets Tuesday, acquiring Herndon’s Zenetex LLC in a $112 million deal.  The local contractor — among the largest privately-owned companies in the D.C. area with $208 million in revenue in 2019, according to Washington …

Washington Exec: Top CIOs to Watch in 2020 – Chip Lohmeyer

By Amanda Ziadeh Vice President and Chief Information Officer, Vectrus Chip Lohmeyer is charged with providing the IT infrastructure and applications that support Vectrus’ global workforce operating in 26 countries and territories with its Defense Department and intelligence community clients. He leads the company’s cloud migration and the deployment of new technologies to enable agility, …

The Gazette: Vectrus earnings surge on contract wins, despite COVID-related delays

By Wayne Heilman Although the COVID-19 pandemic cut revenue by nearly $13 million for Colorado Springs-based defense contractor Vectrus, profits still jumped 32.5% in the third quarter, the company reported Tuesday. Earnings rose $2.5 million from a year earlier to $10.4 million, or 88 cents a share, during the July-to-September period and would have increased …

ExecutiveGov: Vectrus to Support US Army Environmental Sustainability

By Sarah Sybert Vectrus has begun testing procured biodegradable materials with food waste from base dining facilities in a live composting demonstration at Camp Arifjan, Kuwait, in support of the U.S. Army’s environmental sustainability goals, the company reported on Monday.  “We are excited to help lead this compost testing phase at Camp Arifjan that represents significant progress in meeting …

WashingtonExec: Pinnacle Award Finalist Ken Shreves: ‘Never Stop Learning’

By IRELAND DEGGES  October 15, 2020 The finalists for WashingtonExec’s Pinnacle Awards were announced Oct. 8, and we’ll be highlighting some of them until the event takes place virtually Nov. 12. Next up is Business Executive of the Year finalist Ken Shreves, who’s vice president of business development and capture at Vectrus. Here, he talks success, learning from failures and other career …

Air Force Magazine: DOD Continues Push to Bring 5G to Bases

Oct. 9, 2020 | By Rachel S. Cohen Wireless networking initiatives are spreading across the Defense Department as the military embraces 5G technology. On Oct. 8, the Pentagon awarded $600 million in contracts to several companies that will test out uses of fifth-generation wireless networks at military installations nationwide. Those projects advance alongside the Air Force’s …

Washington Business Journal: Susan Lynch knows that many continue to battle the challenges of negotiating everyday life in the time of Covid

By Carten Cordell Staff Reporter, Washington Business Journal Oct 8, 2020, 5:00am EDT Susan Lynch knows that many continue to battle the challenges of negotiating everyday life in the time of Covid As senior vice president and chief financial officer of Vectrus Inc., she’s seen a global workforce bend to meet the working conditions of …

The Gazette: Vectrus keeps base operations contract for Guantanamo Bay

By Wayne Heilman wayneh@gazette.com Oct 7, 2020 Updated Oct 8, 2020 Vectrus keeps base operations contract for Guantanamo Bay Vectrus has won a $196 million, five-year Navy contract to continue managing base operations at the Guantanamo Bay Naval Station, including extension options. The Colorado Springs-based defense contractor first won a contract for work at the station in …

WashingtonExec: Vectrus’ Chuck Prow on Meeting Rising Pandemic Challenges by Remaining Mission Ready

WashingtonExec senior writer Amanda Ziadeh sits down with Chuck Prow, president and CEO of Vectrus, to discuss how the company and its employees have met the various rising challenges of the pandemic. Considering Vectrus operates critical infrastructure for the U.S. military around the globe, Prow shares how Vectrus has worked with clients to keep the missions …