V2X Secures $141 Million Contract for Navy Fleet Communications
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V2X Secures $141 Million Award to Provide Assured Communications Capability to the Navy Fleet
MCLEAN, Va., July 17, 2024 /PRNewswire/ -- V2X Inc. (NYSE: VVX) proudly announces its award of a $141 million cost-plus-fixed-fee task order to continue providing comprehensive engineering support for Command, Control, Communications, Computer, and Intelligence (C4I) systems. This task order is part of the Navy's Fleet Systems Engineering Team (FSET) program, which V2X has supported for 25 years, ensuring that no U.S. Navy Strike Group or Amphibious Ready Group deploys without V2X. "V2X provides a full range of assured communications services that are integral to the readiness of U.S. Navy ships," said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. "Since 1999, we have delivered complex C4I support under FSET, showcasing our longstanding history of innovative solutions. We look forward to continuing this vital relationship with the Navy." With the task order, V2X will deliver end-to-end C4I systems engineering solutions to the U.S. Navy's afloat force, including command ships, ballistic missile defense ships, strike groups, and specific shore facilities. Additionally, we will offer systems engineering and technical innovation for the swift integration of new capabilities to mitigate new threats to Navy networks. Our fleet systems engineers will play a crucial role in monitoring C4I system performance, providing essential feedback on computer network defense status, and ensuring Navy C4I systems are promptly protected in the event of a mission impacting event. This win exemplifies of V2X's expanding footprint with the Navy. The contract extends through July 2029, with an option to extend to 2030. 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.
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V2X Secures $141 Million Award to Provide Assured Communications Capability to the Navy Fleet - V2X (NYSE:VVX)
MCLEAN, Va., July 17, 2024 /PRNewswire/ -- V2X Inc. VVX proudly announces its award of a $141 million cost-plus-fixed-fee task order to continue providing comprehensive engineering support for Command, Control, Communications, Computer, and Intelligence (C4I) systems. This task order is part of the Navy's Fleet Systems Engineering Team (FSET) program, which V2X has supported for 25 years, ensuring that no U.S. Navy Strike Group or Amphibious Ready Group deploys without V2X. "V2X provides a full range of assured communications services that are integral to the readiness of U.S. Navy ships," said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. "Since 1999, we have delivered complex C4I support under FSET, showcasing our longstanding history of innovative solutions. We look forward to continuing this vital relationship with the Navy." With the task order, V2X will deliver end-to-end C4I systems engineering solutions to the U.S. Navy's afloat force, including command ships, ballistic missile defense ships, strike groups, and specific shore facilities. Additionally, we will offer systems engineering and technical innovation for the swift integration of new capabilities to mitigate new threats to Navy networks. Our fleet systems engineers will play a crucial role in monitoring C4I system performance, providing essential feedback on computer network defense status, and ensuring Navy C4I systems are promptly protected in the event of a mission impacting event. This win exemplifies of V2X's expanding footprint with the Navy. The contract extends through July 2029, with an option to extend to 2030. 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. Media Contact Angelica Spanos Deoudes Director, Corporate Communications [email protected] 571-338-5195 Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773 SOURCE V2X, Inc. Market News and Data brought to you by Benzinga APIs
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V2X, Inc. has been awarded a $141 million contract to provide assured communications capability to the U.S. Navy Fleet. The five-year contract aims to enhance the Navy's operational readiness and mission success.
V2X Wins Significant Navy Contract
V2X, Inc., a leading provider of critical mission solutions and support to defense clients globally, has secured a substantial $141 million award from the U.S. Navy. The contract, spanning five years, is focused on providing assured communications capability to the Navy Fleet
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.Contract Details and Scope
The award, which comes with a one-year base period and four one-year option periods, is valued at approximately $141 million if all options are exercised
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. Under this contract, V2X will be responsible for delivering essential logistics, maintenance, and technical support services. These services are crucial for the Navy's Consolidated Afloat Networks and Enterprise Services (CANES) and Integrated Shipboard Network Systems (ISNS)1
.Impact on Naval Operations
The primary objective of this contract is to enhance the operational readiness and mission success of the U.S. Navy Fleet. By providing assured communications capability, V2X aims to strengthen the Navy's network systems and overall communication infrastructure. This is particularly important in today's digital warfare landscape, where robust and secure communication channels are vital for effective naval operations
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.V2X's Role and Expertise
V2X brings to the table its extensive experience in delivering mission-critical solutions. The company's President and Chief Executive Officer, Chuck Prow, emphasized their commitment to supporting warfighters with the most advanced technologies available. He stated, "We are proud to continue our longstanding support of the U.S. Navy and its mission to maintain, train and equip combat-ready Naval forces capable of winning wars, deterring aggression and maintaining freedom of the seas."
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Strategic Importance
This contract underscores the U.S. Navy's ongoing efforts to modernize and enhance its communication capabilities. It also highlights the critical role that private sector companies like V2X play in supporting national defense initiatives. By ensuring reliable and secure communications, the Navy can better coordinate its operations, respond to threats, and maintain its strategic advantage in maritime environments
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.Future Implications
The award of this contract to V2X not only strengthens the company's position in the defense sector but also signals the Navy's commitment to investing in advanced communication technologies. As global tensions continue to evolve, the importance of robust, secure, and efficient communication systems in naval operations cannot be overstated. This contract may pave the way for further advancements and collaborations in military communication technologies
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