#United States #Reston #V2X #DTRA #WMD Threats

V2X Inc. Awarded $3.5 Billion DTRA CTRIC IV Contract

In a significant achievement, V2X Inc. (NYSE: VVX) has officially been awarded a position on the Defense Threat Reduction Agency's (DTRA) Cooperative Threat Reduction Integrating Contract IV (CTRIC IV). This contract represents one of the largest defense contracts in recent history, with a maximum value of $3.5 billion spread over a five-year base period, including five additional option years.

Contract Details and Purpose

The CTRIC IV contract is designed to bolster the Department of Defense's global Cooperative Threat Reduction program. The program's primary mission is to mitigate the risks associated with weapons of mass destruction (WMD), including chemical, biological, radiological, and nuclear threats. V2X will be tasked with executing both ongoing and future projects aimed at countering these grave threats on a worldwide scale.

Jeremy C. Wensinger, President and CEO of V2X, expressed pride in the award, stating, "This award underscores our proven ability to support high-consequence missions on a global scale. With our global footprint and strong operational capabilities, we are well-equipped to deliver innovative solutions in support of DTRA's mission, wherever they are needed. We're honored to be selected for the CTRIC follow-on contract, which reflects our track record of success. We look forward to building on this momentum and expanding our impact through this opportunity."

Significance of the Award

With V2X’s selection as one of just six contractors for this prestigious opportunity, the company solidifies its reputation as a key player in global threat reduction initiatives. This award not only enhances V2X's role in domestic and international defense strategies but also emphasizes the necessity of advanced solutions in maintaining global security amidst evolving threats.

About V2X

V2X is renowned for harnessing innovative solutions that bridge the gap between physical and digital environments. The organization integrates people, actions, and technology to enhance mission readiness, streamline resource management, and strengthen security. Employing a workforce of approximately 16,000 dedicated professionals, V2X prides itself on delivering cutting-edge solutions across various sectors, including national security, defense, and civilian markets.

To tackle today’s most pressing challenges, V2X leverages the power of artificial intelligence and machine learning to craft solutions tailored to diverse operational domains.

Looking Ahead

This contract marks a pivotal milestone for V2X, setting the stage for enhanced capabilities in combating WMD and related threats. As the company prepares to embark on this significant journey, stakeholders can anticipate not only innovative solutions but also a stronger alliance with international defense partners. V2X aims to innovate continually, ensuring that it remains at the forefront of global threats management. The organization is set to make tremendous strides in the coming years, navigating the complexities of today’s security landscape while upholding its commitment to excellence across all facets of its operations.

For more inquiries, investors are encouraged to contact Mike Smith, Vice President of Treasury, Corporate Development, and Investor Relations at 719-637-5773. Media inquiries can be directed to Angelica Spanos Deoudes, Director of Corporate Communications, at 571-338-5195.