On Wednesday, it was reported that Vice Adm. Michael Gilday, director of the Joint Staff, was the frontrunner to assume the role due to his experience in cyber warfare. That report was confirmed on Thursday with President Trump approving Gilday’s nomination during a meeting with Navy officials at the White House on Wednesday. The...
Vectrus (NYSE: VEC) saw its full-year 2018 revenue grow 15 percent to $1.3B and ended the year with $3B in total backlog. The Colorado Springs, Colo.-based government services contractor said Tuesday it recorded $48.3M in 2018 operating income with diluted earnings per share of $3.10 and $40M in net cash provided by operating activities for...
Vectrus (NYSE: VEC) systems subsidiary has received a five-year, $151M task order to engineer command, control, communications, computer and intelligence systems that support the U.S. Navys afloat operations. Work covers end-to-end systems engineering work on C4I platforms the military branch uses to manage shore facilities, strike group...
Vectrus‘ (NYSE: VEC) systems subsidiary has won a potential two-year $60M task order from the U.S. Navy to help the service branch manage Naval Station Guantanamo Bay in Cuba. The order was issued through the Global Contingency Services Multiple Award Contract II and contains a one-year base period along with two six-month options, V...
Kevin Boyle, former senior vice president, general counsel and secretary at Vencore, has joined Vectrus (NYSE: VEC) as its SVP, chief legal officer and general counsel. He succeeds Michele Tyler, who will stay in her SVP role to assist with the transition, Vectrus said Wednesday. Chuck Prow, president and CEO of Vectrus and a four-tim...
Vectrus (NYSE: VEC) recorded $321 million in revenue for the second quarter of fiscal 2018, up 24 percent from the same period last year. Chuck Prow, Vectrus president and CEO, said in a statement published Tuesday the revenue increase can be associated with the companys acquisition of SENTEL and 12 percent growth in its base...
TYSONS CORNER, VA, July 23, 2018 The U.S. Army has awarded a Vectrus (NYSE: VEC) business unit a potential five-year, $43 million contract to provide maintenance support at an Army base located in Stuttgart, Germany, ExecutiveBiz reported July 13. The company said July 12 Vectrus Systems will perform administration, facility operations, ...
TYSONS CORNER, VA, July 6, 2018 Vectrus (NYSE: VEC) has been named a 2018 Military Friendly Employer by Victory Media in recognition of the Colorado-based companys efforts aimed at hiring and retaining service members seeking to transition to civilian employment, ExecutiveBiz reported Monday. Chuck Prow, CEO and president...