V2X Awarded New Foreign Military Sales Contract Supporting Iraq's F-16 Program
RESTON, Va., June 30, 2025 /PRNewswire/ -- V2X Inc., (NYSE: VVX) has been awarded a new cost-plus-fixed-fee undefinitized contract to provide support services for the Iraq F-16 program.
The initial contract value is $118 million to support an immediate start with full definitization of the contract before the end of 2025. The full period of performance of the contract is expected to be five years.
The contract, awarded under the Foreign Military Sales program, includes comprehensive base operations, life support services, and other operations. Work will be performed at Martyr BG Ali Flaih Air Base in Iraq.
'This award is a testament to the strength of V2X's full-spectrum capabilities,' said Ken Shreves, Senior Vice President of Mission Support at V2X. 'We are honored to have been selected to deliver this critical strategic capability to the Iraqi Air Force in this high-stakes environment.'
Jeremy C. Wensinger, President and Chief Executive Officer of V2X added, 'This award reflects our ability to leverage a broad portfolio of capabilities and our global footprint into larger and more strategic opportunities. Foreign military sales and international markets represent a significant and growing area of opportunity for V2X.'
V2X brings decades of experience enabling complex missions from start to finish in global theaters across air, land, sea, space, and cyber domains.
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.
Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773
Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications
[email protected]
571-338-5195
View original content to download multimedia: https://www.prnewswire.com/news-releases/v2x-awarded-new-foreign-military-sales-contract-supporting-iraqs-f-16-program-302494078.html
SOURCE V2X, Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
As Joby Aviation Hits the Skies in Dubai, Should You Buy JOBY Stock Here?
Joby Aviation (JOBY) shares rallied nearly 20% this morning after the air taxi company said it has 'successfully completed a series of piloted' eVTOL flights in Dubai. According to its press release on Monday, the tests included full transition flights, in which the aircraft takes off vertically, then flies like a traditional airplane before ultimately landing vertically again. Jeff Bezos Unloads $5.4B in Amazon Shares: Should You Buy or Sell AMZN Stock Now? Options Flow Alert: Bulls Making Their Move in GOOGL Stock Is Palantir Stock a Buy, Sell, or Hold on New Nuclear Deal? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Including today's surge, JOBY stock is up roughly 100% versus its year-to-date low in early April. Successfully completing piloted eVTOL flights in Dubai is significant for Joby Aviation since it signals its technical readiness and strengthens its overall credibility in a real-world, regulatory-rich environment. What the air taxi startup announced today aren't simulation-based milestones – they're high-stakes demonstrations in partnership with local authorities, including RTA and the GCAA. JOBY's press release also validates its path toward commercial operations by next year (2026), under its exclusive six-year agreement in Dubai. For a company currently navigating certification, infrastructure buildout, and first-mover pressure, the milestone offers a rare blend of tangible progress and future revenue visibility. It's this optimism that's driving Joby Aviation shares up on Monday. The piloted test flights news made Canaccord analysts reiterate their 'Buy' rating on JOBY stock with a $12 price target, indicating potential upside of another 11% from current levels. Canaccord expects the NYSE-listed firm to notably benefit from Toyota's (TM) $500 million investment. It also expressed confidence in the Megatent expansion that will increase the production capacity at Joby Aviation's Marina factory from one eVTOL to as many as four per month. Investors should note, however, that JOBY shares are more expensive to own than Archer Aviation (ACHR) at current levels. They're going for a price-to-book ratio of 8.71x at writing – well above 5.75x on ACHR. Wall Street recommends holding Joby Aviation shares since much of the good news may already be priced in following today's rally. According to Barchart, the consensus rating on JOBY stock currently sits at 'Hold' only with the mean target of about $8.25 indicating potential downside of just under 25% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
Should You Buy, Sell, or Hold Chevron Stock for July 2025?
Chevron (CVX) is a global energy giant focused on the exploration and production, storage and transportation, and marketing and distribution of oil and gas products. The company is involved in the production of crude oil (CLQ25), natural gas (NGQ25), petroleum products, lubricants, and more. Chevron's stock has seen plenty of movement this year, but shares have not performed favorably. CVX stock is down 1.2% in the year to date. Shares are down nearly 14% over the past three months, and despite popping almost 5% in the past month, they are down 2.5% in just the past five sessions. The selloff started early last week as Middle East tensions began to fade. Should You Buy, Sell, or Hold Chevron Stock for July 2025? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! As of this writing, the stock is 15% off its 52-week high. Chevron posted a net profit of $3.5 billion, or $2.18 per adjusted share, in its first quarter. This narrowly beat analyst estimates of $2.15 per share. Chevron generated $47.61 billion in revenue during the quarter, down 4% year-over-year and missing analysts' $48.66 billion estimate. Its upstream segment reported adjusted earnings of $3.76 billion, down from $5.24 billion in the year-ago period. The downstream segment reported a profit of $325 million, also down significantly from $783 million in the year-ago period. Management cited challenging market conditions for its declining performance but said that Chevron was commited to cost disciplines and was still targeting 'industry-leading' free cash flow growth by 2026. Chevron did achieve higher oil output from the Permian Basin, the Gulf of Mexico, which it recognizes as the Gulf of America, and Kazakhstan. Although some fear that dividend growth will slow down at Chevron due to those challenging market conditions – including the loss of oil production from Venezuela – the company continues to forge ahead and raised its dividend payout earlier in 2025. At the time, a 5% hike led Barchart contributor Mark Hake to declare that Chevron was 'too cheap.' In the first quarter the company returned $6.9 billion to shareholders, with $3.9 billion in share repurchases and $3 billion in dividend payments. Its quarterly dividend payment is now at $1.71 for a forward payout of $6.84 and a yield of 4.8%. Its yield is just above the energy sector average of 4.24%. Chevron has received some mixed votes from analysts with a consensus 'Moderate Buy' rating and a mean price target of $161.64, reflecting upside potential of 13%. The Street-high price target of $186 implies that shares could gain nearly 31% over the next 12 months. The stock has been reviewed by 22 analysts and has received 11 'Strong Buy' ratings, three 'Moderate Buy' ratings, six 'Hold' ratings, and two 'Strong Sell' ratings. On the date of publication, Ruchi Gupta did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
Global SWF Reevaluates Best Practices of Sovereign Investors; Nine Funds Demonstrate Excellence.
CDPQ, OTPP, and BCI (Canada) in North America; ISIF (Ireland) in Europe; PIF (Saudi Arabia) in the Middle East; NSIA (Nigeria) in Africa; Temasek (Singapore) in Asia; and REST (Australia), and NZ Super (New Zealand) in Oceania achieve a perfect score on Governance, Sustainability and Resilience issues. NEW YORK & SINGAPORE, June 30, 2025--(BUSINESS WIRE)--Today, Global SWF has published the sixth edition of its GSR (Governance, Sustainability, and Resilience) Scoreboard, which has become the measuring stick of best practices among State-Owned Investors around the world. The report is available on The annual exercise analyzes the world's 200 largest Sovereign Wealth Funds and Public Pension Funds, which manage US$ 29.4 trillion on behalf of 80 countries. The assessment is based on 25 different elements that are answered binarily based on public information only, and that this year led to the following results: The average GSR score of all funds stayed flat at 61%. Sustainability scores continue to rise, but the average Governance score slightly dropped due to transparency issues. Geopolitics and trade tensions are taking over from sustainability as key concerns of the C-suite at Sovereign Investors, some of which are turning more domestic, isolated, and opaque. Seven new institutions committed to net zero goals by certain timeline in the past 12 months – however, only 35% of the 200 Sovereign Investors are pursuing such targets. Regions showing best practices (North America, Europe and Oceania) continued to do better, while regions failing the GSR test (Latam, Middle East, Africa, and Asia) scored worse than last year. Dilhan Pillay Sandrasegara, Executive Director and CEO of Temasek Holdings, commented: "We are honoured to receive this recognition as one of the top-scoring investors for the third year running. Global SWF's independent assessment to address key areas such as transparency and accountability, impact and responsible investing, and long-term survival is aligned to Temasek's focus on governance, sustainability and resilience. As stewards of our assets, Temasek will continue to focus on good governance practices and strengthen the resilience of our portfolio amidst the tumultuous uncertainties, geopolitics and trade tensions. We are encouraged by the consistent efforts of the Global SWF to encourage the sharing of best practices amongst our global peers, as we endeavour to contribute towards a more sustainable and resilient world for this and future generations." Gordon J. Fyfe, CEO and CIO of BCI, stated: "For 25 years, strong governance and responsible investing practices have underpinned BCI's approach – enabling us to deliver for our clients and create enduring value in British Columbia and beyond. Earning this recognition for a second consecutive year reflects our continued commitment to excellence and accountability, and we're proud to stand alongside a growing list of industry leaders." Jo Townsend, CEO of the Guardians of New Zealand Superannuation, added: "The GSR scoreboard is based on a rigorous and comprehensive evaluation of factors that we believe are crucial to our long-term success. We regard it as an important benchmark, and I am very pleased to see the team's hard work recognized by Global SWF." Aminu Umar‑Sadiq, Managing Director & CEO of NSIA, said: "NSIA has consistently navigated several cycles of global economic uncertainties, volatile markets, and geopolitical complexities. The Authority has embraced a proactive approach to resilience by diversifying its asset allocation, incorporating a systemic risk mitigation strategy, and rolling out a successful domestic program cutting across a plethora of sectors." Diego López, Founder and Managing Director of Global SWF, concluded: "We are strongly committed to contributing to the advancement of the industry with our GSR Scoreboard, which is the only annual and independent evaluation of best practices among State-Owned Investors. The nine perfect scorers of 2025 demonstrate that SOIs can excel and drive positive change in a variety of regions and frameworks." The report will be officially presented in an in-person event in Singapore, on Tuesday, July 8. Parties interested in attending can contact the representatives of Global SWF for further details. About Global SWF Global SWF LLC, which turns seven years old today, is an industry specialist that promotes a better understanding of and connectivity into State-Owned Investors through its data platform and monthly reports. The firm also provides consulting services and runs exclusive events and an executive education program, the SWF Academy, for delegates of Sovereign Investors. For more details, please visit View source version on Contacts Global SWFDiego Lopez+19293011895 / + Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
