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Latest Federal & Government Contracting Companies' News Coverage

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Latest Federal & Government Contracting Companies' News Coverage

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Vectrus and the Vertex Company have reached a merger agreement to combine their service offerings in support of various defense sector needs. The all-stock transaction will officially close in the third quarter of 2022 and is intended to create a more wide-ranging revenue stream in terms of locations, customers and contract types from the Department of Defense […] More
TYSONS CORNER, VA, Feb. 23, 2022 — Vectrus will provide logistics support at Fort Benning in Georgia as part of a $250 million cost-plus-fixed-fee task order the U.S. Army awarded under the Enhanced Army Global Logistics Enterprise contract, GovCon Wire reported. “We are pleased to have been selected to provide logistical support services under this […] More
Executive Mosaic has included Chuck Prow, president and CEO of Vectrus, in the 2022 class of Wash100 Award recipients in recognition of his efforts to expand the company’s military infrastructure services and gain more defense, intelligence and foreign military customers. He has won eight Wash100 awards in the nine-year history of Executive Mosaic’s annual selection […] More
A Vectrus company has received a $92.1 million contract modification to perform logistics support services for the U.S. Army. Vectrus Mission Solutions will conduct contract work in Fayetteville, North Carolina, through March 31, 2023, the Department of Defense said Wednesday. The Army will initially obligate $12.3 million in fiscal 2022 funds allotted for the service […] More
Vectrus has booked $40 million worth of task orders to provide installation support services for the U.S. Air Force. The service awarded the two task orders through the $6.4 billion Air Force Contract Augmentation Program V indefinite-delivery/indefinite-quantity contract, the company said Thursday. The AFCAP V contract vehicle covers emergency and contingency construction, logistics and commodities […] More

Vectrus has acquired HHB Systems, a provider of services for facilities management, logistics, engineering, enterprise operations, and of asset management products that support the Intelligence Community (IC). "The acquisition of HHB brings integrated solutions that support physical and digital infrastructures within the intelligence community and creates a stronger platform from which we can deliver fully converged solutions across all our clients' missions," said Sue Deagle, senior vice president and chief growth officer of Vectrus. 

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Vectrus has announced its financial results for the third quarter, which ended Oct. 2, 2020. The company reported that the quarter revenue of $352.4 million was down slightly year on year by 2.1 percent due to COVID-19 pandemic related deferrals. "Third quarter results were solid, reflecting improved volumes and margin levels," said Chuck Prow, president and CEO of Vectrus and 2020 Wash100 Award recipient.

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