V2X Bags $440M US Navy Award For Aircraft Maintenance Support

V2X Inc VVX has secured a $440 million contract from the U.S. Navy to provide aircraft maintenance support.
The contract has a seven-year award period and will end in March 2030.
The support will be for Naval Test Wing Pacific (NTWP) VX-30 and VX-31 at Point Mugu, California, and China Lake, California.
Under the contract, V2X, under its legacy company Vertex, will provide flight line maintenance, logistics, and technical support for the two weapons development and test squadrons.
"V2X is honored to be selected to support the critical test and evaluation activities performed at Naval Test Wing Pacific," said CEO Chuck Prow.
V2X delivers integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients.
Price Action: VVX shares closed lower by 2.26% at $39.29 on Tuesday.