- M&A Activity
TYSONS CORNER, VA, February 25, 2021 “” Vectrus' systems business will provide the U.S. Navy with transshipment activity assistance through the implementation of 5G-enabled platforms for environmental sensing, robotic material handling and inventory management at Naval Base Coronado, GovCon Wire reported Feb. 16.
MoreChuck Prow, president and CEO of Vectrus, has received the 2021 Wash100 Award for his strong leadership that has expanded the company's influence in the government contracting (GovCon) sector. Throughout 2020 and into the new year, Prow led Vectrus to valuable contract awards and drove growth efforts throughout the COVID-19 pandemic. This marks Prow's seventh Wash100 recognition.
MoreFive Rivers Services, an Akima subsidiary, will continue to support Vectrus on its recently awarded $882.5 million contract for operation, maintenance and defense of Army communications. The contract has an estimated completion date of Dec. 26, 2025, and was awarded by the U.S. Army Contracting Command.
MoreTYSONS CORNER, VA, January 6, 2021 “” Vectrus (NYSE: VEC) will continue to support the Operations, Maintenance and Defense of Army Communications in Southwest Asia and Central Asia program under a five-year, $882.5M contract, won through a recompete, GovCon Wire reported Dec. 30.
MoreTYSONS CORNER, VA, January 5, 2021 “” Vectrus (NYSE: VEC) has moved to expand its client base across defense, intelligence and foreign military sales programs through an estimated $112M deal for Herndon, Virginia-based government services provider Zenetex, GovCon Wire reported Dec. 29.
MoreVectrus 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.
MoreVectrus 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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