Latest news with #JeremyWensinger
Associated Press
30-06-2025
- Business
- Associated Press
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: SOURCE V2X, Inc.
Associated Press
13-05-2025
- Business
- Associated Press
V2X Awarded Spot on U.S. Army LTRaC Contract to Advance Live Training and Readiness
RESTON, Va., May 13, 2025 /PRNewswire/ -- V2X Inc. (NYSE: VVX) has been selected as an awardee on the U.S. Army's Live Training, Ranges, and Combat Training Centers (LTRaC) Indefinite Delivery, Indefinite Quantity (IDIQ) Multiple Award Contract 3. This strategic contract, supporting the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI), delivers life-cycle product line management, engineering, and manufacturing for both existing and new training instrumentation systems. LTRaC is expected to modernize and enhance major range and Combat Training Center (CTC) instrumentation systems. Under this contract, V2X will provide support for live fire ranges, CTC's, home station training environments, and potentially U.S. Marine Corps live training systems. 'With the addition of LTRaC, V2X completes the trifecta of premier Army training contracts, joining our work of BEST MAC and W-TRS,' said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. 'From daily operations to modernization and advanced instrumentation, V2X supports every stage of the warfighter's training journey, delivering readiness at scale.' The scope of LTRaC includes continuous technology refresh efforts, modernization initiatives, research and development, and new system delivery for live training systems. 'From every soldier and every weapon system, to every major training installation, V2X delivers integrated support across training aids, devices, simulators, and simulations,' said Ken Shreves, Senior Vice President of Mission Support at V2X. The LTRaC IDIQ contract has a ceiling value of $379 million over an eight-year period of performance, including a five-year base and a three-year option period. 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: SOURCE V2X, Inc.
