Vectrus has closed its all-stock merger with The Vertex Company to form a new government services provider that will be known as V2X and has an estimated pro forma annual revenue of $3.4 billion. Both companies announced the transaction March 7, saying the combination looks to grow across the GovCon market areas of operations and...
Shareholders at Vectrus (NYSE: VEC) approved Wednesday the company’s proposed combination with Vertex and both parties expect the transaction to close in the third quarter of 2022. The combined entity will adopt the name V2X and trade on the New York Stock Exchange under the ticker symbol “VVX” upon the deal’s closing, Vertex said Wednes...
Independent proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services recommended in their respective reports that shareholders of Vectrus (NYSE: VEC) vote in favor of all proposals related to the planned combination with Vertex during a special meeting to be held on June 15. Chuck Prow, CEO of Vectrus and an eight-time Wash1...
Chuck Prow, CEO of Vectrus (NYSE: VEC) and an eight-time Wash100 winner, attributed the 5.2 percent year-over-year growth in the company’s fiscal 2022 first-quarter revenue partly to its continued phase-in work under the U.S. Army’s Logistics Civilian Augmentation Program V. The Colorado Springs-based government services contractor said ...
Vectrus (NYSE: VEC) saw its full 2021 revenue increase 28 percent to $1.78 billion and reported $419.4 million in sales for the fourth quarter of 2021, up 18 percent from the prior-year period. The Colorado Springs, Colorado-based government services contractor said Monday it ended the year with a total backlog of $5 billion, of which...
Vectrus (NYSE: VEC) has received a $250 million cost-plus-fixed-fee task order from the U.S. Army to perform logistics support work for Fort Benning in Georgia. The award falls under the Enhanced Army Global Logistics Enterprise contract and includes options that would extend services through December 2026, the company said Tuesday. Chuck Prow, pres...
Executive Mosaic is honored to present Vectrus President and CEO Chuck Prow as a 2022 Wash100 Award recipient, the eighth time he’s won the prestigious award in the nine-year history of Executive Mosaic’s annual selection of executives with staying power and influence in the government contracting sector. Vectrus kicked off 2021 with the acq...
TYSONS CORNER, VA, July 27, 2021 — Vectrus (NYSE: VEC) will provide military installation support services to the U.S. Air Force under a pair of task orders worth $40 million combined, ExecutiveBiz reported July 16. Chuck Prow, president and CEO Vectrus and a 2021 Wash100 Award recipient, said the recent awards under the Air Force...
Chuck Prow, president and CEO of Vectrus, was presented his 2021 Wash100 Award, the most prestigious award in all of government contracting (GovCon), by Executive Mosaic CEO Jim Garrettson during a ribbon-cutting ceremony of Vectrus’ new Tysons Corner office last Thursday. Since the inception of the Wash100 Award in 2014, Prow has received the hon...
Executive Mosaic CEO Jim Garrettson presented Chuck Prow, president and CEO of Vectrus, with his 2021 Wash100 Award during a ribbon-cutting ceremony unveiling the company’s new office facility in Tysons Corner on Thursday. “Chuck Prow, who led IBM’s public sector through one of its most successful periods, is now guiding Vectrus, a public comp...
