V2X, Inc.

V2X Reports Third Quarter 2026 Results

V2X reported Q3 2026 revenue of $1.27 billion, up 9% year-over-year, with net income of $32.0 million up 30% and GAAP diluted EPS of $1.01 up 32%. Adjusted EBITDA was $88.6 million at a 7.0% margin, and the company raised full-year 2026 guidance across all metrics, including revenue to $4.95B-$5.10B and adjusted diluted EPS to $6.15-$6.55. Backlog stands at $12.8 billion with a 1.2x quarterly book-to-bill, and net debt improved $140.3 million YoY to $811.7 million, with management targeting ~2.0x net leverage by year-end.

•6d ago

V2X Awarded Position on $46 Million U.S. Air Force Contract Supporting B-52 Long Range Standoff Cruise Missile Program

V2X has been awarded a position on a $46 million delivery order supporting the U.S. Air Force's Carriage Equipment Production Effort for the Long Range Standoff (LRSO) cruise missile program. Under the contract, V2X will produce carriage equipment supporting integration of the LRSO weapon system on the B-52 Stratofortress, a strategic-deterrent modernization priority that will replace the legacy Air-Launched Cruise Missile. The award reinforces V2X's footprint on one of the Air Force's highest modernization programs, though its revenue contribution is modest relative to the company's ~16,000-person global operation.

•1mo ago

V2X to Deliver Tempest Counter-UAS Systems to U.S. Marine Corps

V2X was awarded a $19 million indefinite-delivery/indefinite-quantity contract by the U.S. Marine Corps to deliver Tempest counter-Unmanned Aerial System vehicles. Under the contract, V2X will supply Tempest vehicles along with maintenance support, software management, spares, training, and engineering services for a highly mobile system built to detect, track, and defeat unmanned aerial threats alongside maneuver forces. The award strengthens V2X's growing counter-UAS portfolio and showcases its concept-to-fielding model, though the modest IDIQ ceiling limits near-term revenue visibility.

•2mo ago

U.S. Marine Corps Awards V2X Up to $500M Logistics Integration Support Contract

V2X Inc. was awarded a Logistics Integration Support Services contract by the U.S. Marine Corps Logistics Command, carrying a base value of approximately $391 million and a potential ceiling of $500 million. The contract covers the Marine Force Storage Command's Secondary Repairable (SECREP) program, managing the repair and sustainment of mission-essential components through a network of OEMs and depots. V2X has supported the SECREP program for over twenty years, leveraging this long-standing relationship to improve equipment availability and operational readiness.

•2mo ago

V2X Wins $87 Million Contract Supporting F/A-18 Mission Readiness

V2X was awarded an $87 million firm-fixed-price contract by the U.S. Navy to enhance the performance and readiness of SUU-79 pylons for F/A-18 Super Hornet and EA-18G Growler aircraft. The contract involves sustainment and modernization work on these critical wing-mounted sub-systems, which are essential for weapon carriage and mission lethality. All work under this award will be performed in Indianapolis, Indiana, with an expected completion date of January 2030.

•3mo ago

V2X Awarded $500 Million U.S. Air Force C-12 Sustainment Contract Following Proven Readiness Performance

V2X was awarded a $500 million IDIQ contract by the U.S. Air Force to provide Contractor Logistics Support for the C-12 Huron aircraft fleet through June 2031. The firm-fixed-price award extends a long-standing partnership and is based on V2X's proven performance, including mission capability rates exceeding 95% and exceptional quality ratings. Work under the contract will be performed globally, supporting Air Force operations and Foreign Military Sales partners across North and South America, Europe, Africa, the Middle East and the Pacific.

•3mo ago

V2X Reports Second Quarter 2026 Results

V2X reported Q2 revenue of $1.26 billion, up 17% year-over-year, driven by robust demand for national security and aerospace modernization capabilities. Adjusted diluted EPS increased 23% to $1.64 and adjusted EBITDA grew 9% to $89.8 million, with net leverage improving to 2.4x and total backlog standing at $12.7 billion. Based on solid first-half performance, the company raised its full-year 2026 guidance, now targeting revenue of $4.875B-$5.025B and adjusted EPS of $5.90-$6.30.

•3mo ago

V2X Joins S&P SmallCap 600 Index

V2X announced its inclusion in the S&P SmallCap 600 Index, effective immediately following the latest rebalancing by S&P Dow Jones Indices. CEO Jeremy Wensinger highlighted the addition as a significant milestone that reflects the company's progress in executing its strategy and delivering shareholder value. Membership in the index is expected to increase visibility among institutional investors and funds that track the benchmark.

•3mo ago

Krystal Biotech Set to Join S&P MidCap 400; Tutor Perini and V2X to Join S&P SmallCap 600

S&P Dow Jones Indices announced that Avanos Medical will be removed from the S&P SmallCap 600 effective prior to the open on July 27. The deletion is driven by the pending acquisition of Avanos by American Industrial Partners, a deal expected to close soon.

•3mo ago

V2X to Generate Interest Expense Savings Through Successful Term Loan Repricing

V2X successfully repriced its approximately $869 million First Lien Term Loan, lowering the interest margin to SOFR plus 2.0%. The deal also eliminated the SOFR floor, reducing it from 0.75% to 0.00%, and includes a provision for an additional 25-basis-point margin reduction if the company achieves specific investment-grade-adjacent credit ratings from Moody's and S&P. This marks the fourth time V2X has repriced this facility since October 2023, signaling improving credit conditions and lower borrowing costs.

•5mo ago

V2X Awarded Modernization Contract for Aircraft Survivability Systems

V2X was awarded a contract by the U.S. Navy's Naval Air Systems Command to support the Large Aircraft Infrared Countermeasures (LAIRCM) program. The company will integrate LAIRCM systems on multiple U.S. Marine Corps KC-130J aircraft at its modernization center in Crestview, Florida. V2X highlighted its Crestview facility as a strategic differentiator, noting it has conducted hundreds of C-130 modifications over the past decade.

•5mo ago

V2X Reports First Quarter 2026 Results

V2X reported Q1 revenue of $1.25 billion, up 23% year-over-year, with adjusted net income rising 53% to $48.1 million. Driven by a record backlog of $13.8 billion and a 3.2x book-to-bill ratio, the company raised full-year 2026 guidance for revenue, adjusted EBITDA, and adjusted EPS. Net debt improved to $895.4 million with a 2.5x leverage ratio, and management expects to achieve a sub-2.0x net leverage ratio by the end of 2026.

•6mo ago