- Vectrus Inc VEC has been selected by the Department of Defense to complete the final phases of application development for a 5G Smart Warehouse at Naval Base Coronado (NBC).
- The NBC 5G Smart Warehouse Assessment Team conducted a down select during Phase 1, comparing application solutions from three companies, including Vectrus.
- Vectrus successfully demonstrated a Converged Environment solution, addressing NAVSUP operational challenges by implementing advanced technology applications.
- This effort is part of the DoD's $600 million 5G experimentation and testing initiative, initially awarded in 2020.
- Price Action: VEC shares are trading higher by 2.51% at $35.91 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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