Tuesday, July 2, 2019
Vectrus (VEC)
Solid 2018 performance; on track for five year goal of $2.5B revenue and 7% EBITDA margin.
Vectrus Inc is a
U.S.-based company that provides services to the U.S. government. The company
generates nearly all its revenue from the United States Department of Defense.
The company offerings are categorized into three types; infrastructure
asset management services, logistics and supply-chain management
services, and information technology and
network communication services.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
RATING: OUTPERFORM
- Named to Another Contract. In early June, Vectrus was named as one of 11 firms by the Department of State to the ID/IQ Diplomatic Platform Support Services (DiPSS) contract. With a ceiling value of $6 billion, DiPSS provides a full range of services for life support services, logistical services, and operations and maintenance services to the State Department across the globe.
- A New Client, Playing to VEC’s Strengths. While it is a ID/IQ contract, the State Department further expands Vectrus’ client base and plays…
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