V2X, Inc. (NYSE: VVX) shares came out of the chute stronger Wednesday, on word the Reston, Va.-based company has been awarded a position on the Automated Test Systems Division's (ATS) Multiple Award indefinite delivery, indefinite quantity (IDIQ) contract by the Air Force Life Cycle Management Center at Warner Robins Air Force Base in Georgia.
V2X will provide rapid, full lifecycle support for ATS used to sustain critical warfighter operations worldwide. These systems support a wide array of aircraft platforms, including fighter jets, bombers, cargo/airlift/tanker aircraft, unmanned aerial vehicles, and helicopters. Users include the U.S. Air Force, Air Force Reserve, Air National Guard, F-35 Joint Strike Fighter program,
Foreign Military Sales customers, amongst others.
"This award reflects our team's continued commitment to delivering mission-critical solutions that supports operational readiness," said CEO Jeremy C. Wensinger. "We are honored to contribute to the sustainment of vital test systems supporting the U.S. and allied partners around the world."
The IDIQ contract provides flexible support for both legacy and future ATS requirements, with a base ordering period of five years and an option to extend for an additional five years. V2X will maintain and sustain both commercial and non-commercial products across the ATS Division's portfolio.
VVX shares leaped 54 cents, or 1.2%, to $55.66.
