Comtech Telecommunications (CMTL) Corporate Presentation from NobleCon18 Research, News and Market Data on Comtech Telecommunications NobleCon 18 Complete Rebroadcast

Kratos Awarded Contract to Deliver OneWeb Spectrum Monitoring System for its LEO Satellite Constellation

Research, News, and Market Data on Kratos Defense & Security Solutions

 

SAN DIEGO, 
April 25, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has been awarded a contract to deliver an advanced spectrum monitoring system for OneWeb to monitor, analyze and review the utilized spectrum to support high quality of service for its fleet of Low Earth Orbit (LEO) constellations.

The system will monitor the spectrum used between its global network of Satellite Network Portal (SNP) gateways and its constellation of LEO satellites. The OneWeb Spectrum Monitoring System (OSMS) will help staff monitor, manage and analyze this spectrum, the radio frequencies that satellite signals travel over.

“With our fleet of LEO satellites that will deliver on our mission to provide space connectivity around the world, it is critical for us to monitor and manage the RF spectrum to ensure that we are delivering on our service performance targets,” stated  David Price, Vice President, Access Layer Program at OneWeb. “We are working with Kratos, experts in RF monitoring, measurement and analysis to design, build and integrate the system into our ground operations.”

The OSMS will incorporate Kratos’ industry-leading, integrated spectrum monitoring capabilities to enable real-time management of Radio Frequency (RF) usage and to monitor compliance with frequency transmission regulations. As part of the contract, Kratos is responsible for designing, developing, and installing the OSMS and integrating the system with OneWeb’s ground segment.

At the heart of the OSMS LEO monitoring solution, Kratos will deploy a big data processing, storage and analytics platform for satellite operations. The system will retrieve, store, and access the spectrum traces captured at each antenna during a satellite pass. The RF data across all gateway sites will be consolidated through the OSMS to enable OneWeb’s Network Operations staff to centrally monitor, review,s and analyze the spectrum.

“The OSMS is being built to address the need to monitor very fast-moving LEO satellites and scale to the needs of OneWeb’s fleet of satellites. The Kratos technology used in the OSMS can retrieve, process, and store the high volume of data at almost one gigabit per second on the ground,” explained  Bruno Dupas, President of 
Kratos Communications in 
France. “Kratos and OneWeb are working together to successfully deploy the OSMS, one of the most advanced spectrum monitoring systems for LEO constellations in the industry.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 26, 2021, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com 

Source: Kratos Defense & Security Solutions, Inc.

Comtech Telecommunications Corp. to Supply SES With O3b mPOWER Gateway and User Terminals

Research, News, and Market Data on Comtech Telecommunications

Investments in Comtech’s New UK Technology
Center Support Growth of Failsafe
Communications

MELVILLE, N.Y.
–(BUSINESS WIRE)–Apr. 12, 2022– 
April 12, 2022— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that it is supplying gateway and user terminal antenna systems to SES for its second-generation O3b mPOWER Medium Earth Orbit (“MEO”) satellite constellation. These antenna solutions are part of Comtech’s 
Failsafe Communications
 product suite and were designed and will be manufactured at Comtech’s new technology center in 
Basingstoke, United Kingdom.

Comtech’s 5.5m mPOWER Gateway Terminal (Photo: Business Wire)

“We are pleased that SES has partnered with 
Comtech for our X/Y antenna products for critical telemetry, tracking and control facilities as well as customer data gateways and user terminals. These antenna systems, which were manufactured at our new technology center in the 
United Kingdom
, provide unique technical and commercial advantages in support of non-geostationary constellations over traditional antenna products,” said  Michael Porcelain , President and Chief Executive Officer of 
Comtech Telecommunications Corp.

“These next-generation gateway antennas are especially important for customers who want to land data at their own site whilst being able to tap into the differentiated O3b mPOWER connectivity services. For our government customers, this is especially attractive since we have a compelling offering with our low-latency, high-throughput services delivered in a secure environment as if they were using their own dedicated satellite network. This is made possible, in part, due to these gateways that are now more resilient, lighter and easier to install,” said  Stewart Sanders , Executive Vice President of Technology and O3b mPOWER manager at SES.

Comtech’s antenna systems that can be used with the O3b mPOWER satellite constellation range in size from the 5.5-meter gateway intended for telemetry, tracking and control (TT&C) to 2.4-meter antennas for enterprise and government use. Compared with existing O3b gateways, Comtech’s dual-drive X/Y antennas offer huge advantages over traditional Azimuth/Elevation systems, to include precision tracking, multi-orbit support and easier installations. Comtech’s carbon fiber reflector is a light weight, rigid structure, and stable over extreme temperature ranges, which is critical for Ka-band surface accuracy. The lighter-weight reflector design utilizes smaller drive motors, experiences less component stress for longer life and lower power consumption during the constant trace/retrace operation needed for non-geostationary satellite tracking, resulting in overall lower capital and operational costs.

O3b mPOWER is the successor to SES’s first-generation O3b MEO constellation. The software-driven communications system is capable of delivering connectivity services from tens of megabits to multiple gigabits per second. It is scheduled for launch in the coming months and expected to be operational by end of calendar year 2022.

Comtech’s new 56,000 square foot facility in 
Basingstoke, United Kingdom is a modern technology center that is intended to support customer requirements for 
Failsafe Communications
 – critical communications infrastructure that people, business, and governments know they can rely on, no matter where they are – on land, at sea, or in the air – and no matter what’s going on outside – from armed conflict to natural disaster. The facility provides customers access to Comtech’s scalable manufacturing, improved QA, and improved material and integration workflow. Comtech’s antenna suite includes satellite tracking antennas ranging in size from sub-1-meter to 13-meters, as well as RF feeds, radomes and carbon fiber reflectors, for LEO, MEO and GEO applications at all frequency bands.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview its new website at www.comtech.com).

About
SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,200 channels and has an unparalleled reach of 361 million households, delivering managed media services for both linear and non-linear content. The company is listed on 
Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20220411005860/en/

Investor Relations Robert Samuels 631-962-7102
robert.samuels@comtech.com

Source: 
Comtech Telecommunications Corp.

Comtech Welcomes Robert Samuels as Vice President of Investor Relations and Corporate Communications

Research, News, and Market Data on Comtech Telecommunications

Samuels Takes IR Helm as Comtech Scales into Growing Failsafe
Communications Market Opportunities

MELVILLE, N.Y.
–(BUSINESS WIRE)–Apr. 11, 2022– 
April 11, 2022— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it has named investment and financial analysis expert  Robert Samuels as its Vice President of Investor Relations and Corporate Communications. This newly created position will significantly enhance Comtech’s commitment to shareholder engagement and transparency.

Samuels brings over 20 years of 
Wall Street
 experience from working at leading financial institutions, including UBS Global Wealth Management, where he served in the Chief Investment Office, producing company-specific and thematic research, as well as marketing collateral for the firm’s financial advisors and private clients. While at 
UBS, Samuels drove investment performance of tens of billions worth of assets, outperforming the sector benchmark and S&P 500 for five consecutive years.

“As we turn 
Comtech into becoming the most trusted provider of 
Failsafe Communications
, we want to increase engagement around our transformation with the entire financial community,” said  Michael Porcelain , President and CEO of 
Comtech. “Having a seasoned investment professional like Robert on our team strengthens our ability to tell Comtech’s compelling story and elevate our brand. Robert will assist Comtech’s leadership in its ongoing evaluation of potential new segment reporting and non-GAAP financial measures, and the roll out of our new social media initiatives. I am confident that with his expertise and fresh insights, Robert will make a strong contribution to Comtech.”

“I’ve focused my work on industries that impact people in their daily lives,” said  Robert Samuels. “What Comtech does is undeniably critical, as it provides 
Failsafe Communications
 that people, businesses, and governments know they can rely on, no matter where they are – on land, at sea, or in the air – and no matter what’s going on outside – from armed conflict to a natural disaster. I look forward to amplifying that exciting story and helping to convey the strong investment opportunity it represents.”

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview its new website at www.comtech.com).

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005385/en/

Investor Relations Robert Samuels 631-962-7102
robert.samuels@comtech.com

Source: 
Comtech Telecommunications Corp.

CoreCivic Delivers on Commitments to Reentry, Human Rights, Diversity, Environment, Community and Safety through Pandemic in Fourth Annual ESG Report

Research, News, and Market Data on CoreCivic

BRENTWOOD, Tenn., April 11, 2022 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE:CXW) today released its 2021
Environmental, Social and Governance (ESG) Report demonstrating how the company stayed committed to its mission to better the public good through the second year of the COVID-19 pandemic. This is the fourth annual report issued by CoreCivic since 2019.

The report details how CoreCivic continued to deliver life-changing reentry programming in 2021 by building relationships with community partners that helped bring educational and vocational training opportunities to residents, including online learning opportunities to keep everyone safe from COVID-19 transmission. These opportunities will help residents succeed in life after incarceration.

The report also shares CoreCivic’s newly adopted human rights policy and goals that will guide the company’s operations in the coming years. It shares how CoreCivic collaborated with community stakeholders and launched new partnerships with groups like the Frederick Douglass Project for Justice to facilitate meetings between residents and members of their communities. It also shows how CoreCivic delivered innovative solutions to government partners like a renewable three-year lease agreement with New Mexico enabling the state to assume operations of the Northwest New Mexico Correctional Center while CoreCivic maintains the facility.

Finally, the report details CoreCivic’s environmental impact and efforts to reduce waste, as well as water and energy usage. It also details CoreCivic’s new diversity, equity, and inclusion (DEI) roadmap for how the company will create a culture of understanding among employees and create a pipeline of diverse leadership talent so the company at all levels reflects its employees and the communities where it serves.

“Our company stayed strong through the tiresome reality of a stubborn, resurgent pandemic to deliver our mission to better the public good,” said Damon Hininger, president and CEO, CoreCivic. “I’m proud to lead a critically important enterprise like CoreCivic and fortunate to draw energy and inspiration from our people. Our team defines and practices flexibility and innovation each day. You witness it at the facilities, in the classrooms, at the meeting tables, around the neighborhoods we call home, and in the back office.”

The report also highlights how CoreCivic’s cumulative ESG efforts were recognized by Newsweek naming the company to its list of America’s Most Responsible Companies in 2021.

“I’m pleased with our progress in a difficult year, and I’m grateful for my colleagues who take our mission to better the public good to the forefront of all they do,” Hininger said. “I admire their resilience. I admire their emphasis on safety. I love the focus on second chances.”

Other topics discussed in the report include:

• CoreCivic’s nimble pandemic strategy, which led to an aggressive education campaign to help staff and residents understand the effectiveness of life-saving COVID-19 vaccines
• The launch of reentry programs at CoreCivic facilities across the country, including a culinary arts program at Lake Erie Correctional Institution in Ohio, a computer coding program at Red Rock Correctional Center in Colorado, and a carpentry program at Crowley County Correctional Facility in Colorado
• Community networking programs to help residents, like those at Cheyenne Transitional Center in Wyoming, connect with community members and match them with jobs
• The CoreCivic Foundation’s commitment of $700,000 to organizations that are expanding access to education, prioritizing criminal justice reform, and supporting minority-owned businesses
• The CoreCivic Foundation’s support for the Thurgood Marshall College Fund to bolster research by Historically Black Colleges and Universities (HBCUs) working to identify barriers to opportunity in criminal justice, education, and economic mobility
• The CoreCivic Foundation’s support for the Coalition to Back Black Businesses
• CoreCivic’s multi-year partnership with the Prison Fellowship’s Warden Exchange Program, a residency and online professional development program that enables wardens to share reentry best practices and discuss problem-solving in a peer group format
• CoreCivic’s advocacy for state and federal legislation aimed at reducing recidivism and removing barriers to reentry for returning citizens — including 700 letters of support for 24 bills covering reentry policy areas in Connecticut, Iowa, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, North Carolina, Washington, and the U.S. Congress

About CoreCivic

CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through high-quality corrections and detention management, a network of residential and non-residential alternatives to incarceration to help address America’s recidivism crisis, and government real estate solutions. We are the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believe we are the largest private owner of real estate used by U.S. government agencies. We have been a flexible and dependable partner for government for nearly 40 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at www.corecivic.com.

Friday, April 08, 2022

Vectrus (VEC)
Refining Model and Budget Update

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Refining Model. We had an opportunity to speak with Vectrus management recently regarding our model for 2022. While we believe our annual numbers to be reasonable, we assumed a more historical split between first half and second half results than is likely to happen in 2022 as the Kwajalein and Ft. Benning contracts results in a more back weighted year. As a result, we have refined our model to reflect this.

Updated Guidance.  Our full year 2022 estimates remain unchanged: $1.86 billion of revenue, $86 million of adjusted EBITDA, EPS of $4.07, and adjusted EPS of $4.74. The quarterly cadence does change as we moved $38 million of revenue from the first half of the year into the second half. This results in 1Q22 revenue of $427 now, down from $445 million, and EPS of $0.60, down from a prior $0.73 …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

 

Kratos Demonstrates All-Digital Multi-Mission Edge Capability at the 37th Space Symposium

Research, News, and Market Data on Kratos Defense & Security Solutions

 

Will Preview the Industry’s First Implementation of DIFI Compliant Digital Terminal Capability Running on COTS Hardware

SAN DIEGO, 
March 31, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that along with technology partner 
Kymeta, it will provide live demonstrations of an all-digital multi-mission capability at the 37th Annual Space Symposium in 
Colorado Springs, Colorado, 
April 4-7.

The demonstrations will include Kratos’ OpenSpace™ Satcom and RF Carrier Analysis virtual network functions running on a generic (x86) compute device that is digitally paired with a 
Kymeta electronically steered antenna (ESA) mounted inside a tactical H2 vehicle. This virtual architecture enables a universally deployable solution within a broad range of resilient ground station and cloud environments.

This demonstration highlights the first ever implementation of the industry interoperability standard developed by the 
Digital Intermediate Frequency Interoperability (DIFI) Consortium inside a terminal application. DIFI members include the 
U.S. DoD CIO, 
U.S. Army, 
U.S. Navy, 
U.S. Space Force, DISA, as well as key commercial companies, and the standard has already been specified in at least one 
U.S. defense-related RFP. The industry’s growing adoption of the DIFI standard supports the DoD’s digital transformation goals, as well as freeing operators from the vendor lock-in characterized by proprietary systems.

“This demonstration will show that critical satellite network operations can be made increasingly virtual, interoperable and software-defined all the way to the network’s edge,” said  Kevin Tobias, Director of Edge Products at Kratos. “It is another step forward in proving that the ground layer can enable multi-orbit networks and multi-mission operations, for example Satcom, space domain awareness (SDA) and ISR together as dynamic, virtualized applications, and all supporting the DoD’s digital transformation goals and JADC2 principles regarding open-standards and interoperability.”

Attendees at the 37^th Annual Space Symposium can view these industry-first capabilities at the Kratos H2 located on site for demonstrations during exhibit hall hours, 
April 4-7, 2022. Visit Kratos booth 1140 in Bartolin Hall to schedule a demo.

About Kratos OpenSpace
Kratos’ OpenSpace family of solutions enables the digital transformation of satellite ground systems to become a more dynamic and powerful part of the space network. The family consists of three product lines: OpenSpace SpectralNet for converting satellite RF signals to be used in digital environments; OpenSpace quantum products, which are virtual versions of traditional hardware components; and the OpenSpace Platform, the first commercially available, fully orchestrated, software-defined ground system. These three OpenSpace lines enable satellite operators and other service providers to implement digital operations at their own pace and in ways that meet their unique mission goals and business models. For more information about the OpenSpace family visit http://KratosDefense.com/OpenSpace.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 26, 2021, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Kratos Demonstrates All-Digital Multi-Mission Edge Capability at the 37th Space Symposium

Research, News, and Market Data on Kratos Defense & Security Solutions

 

Will Preview the Industry’s First Implementation of DIFI Compliant Digital Terminal Capability Running on COTS Hardware

SAN DIEGO, 
March 31, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that along with technology partner 
Kymeta, it will provide live demonstrations of an all-digital multi-mission capability at the 37th Annual Space Symposium in 
Colorado Springs, Colorado, 
April 4-7.

The demonstrations will include Kratos’ OpenSpace™ Satcom and RF Carrier Analysis virtual network functions running on a generic (x86) compute device that is digitally paired with a 
Kymeta electronically steered antenna (ESA) mounted inside a tactical H2 vehicle. This virtual architecture enables a universally deployable solution within a broad range of resilient ground station and cloud environments.

This demonstration highlights the first ever implementation of the industry interoperability standard developed by the 
Digital Intermediate Frequency Interoperability (DIFI) Consortium inside a terminal application. DIFI members include the 
U.S. DoD CIO, 
U.S. Army, 
U.S. Navy, 
U.S. Space Force, DISA, as well as key commercial companies, and the standard has already been specified in at least one 
U.S. defense-related RFP. The industry’s growing adoption of the DIFI standard supports the DoD’s digital transformation goals, as well as freeing operators from the vendor lock-in characterized by proprietary systems.

“This demonstration will show that critical satellite network operations can be made increasingly virtual, interoperable and software-defined all the way to the network’s edge,” said  Kevin Tobias, Director of Edge Products at Kratos. “It is another step forward in proving that the ground layer can enable multi-orbit networks and multi-mission operations, for example Satcom, space domain awareness (SDA) and ISR together as dynamic, virtualized applications, and all supporting the DoD’s digital transformation goals and JADC2 principles regarding open-standards and interoperability.”

Attendees at the 37^th Annual Space Symposium can view these industry-first capabilities at the Kratos H2 located on site for demonstrations during exhibit hall hours, 
April 4-7, 2022. Visit Kratos booth 1140 in Bartolin Hall to schedule a demo.

About Kratos OpenSpace
Kratos’ OpenSpace family of solutions enables the digital transformation of satellite ground systems to become a more dynamic and powerful part of the space network. The family consists of three product lines: OpenSpace SpectralNet for converting satellite RF signals to be used in digital environments; OpenSpace quantum products, which are virtual versions of traditional hardware components; and the OpenSpace Platform, the first commercially available, fully orchestrated, software-defined ground system. These three OpenSpace lines enable satellite operators and other service providers to implement digital operations at their own pace and in ways that meet their unique mission goals and business models. For more information about the OpenSpace family visit http://KratosDefense.com/OpenSpace.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 26, 2021, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Department of Defense Selects Vectrus for Development of 5G Smart Warehouse

Research, News, and Market Data on Vectrus

 

COLORADO SPRINGS, Colo., March 16, 2022 /PRNewswire/ — Vectrus, Inc. (NYSE: VEC) has been selected by the Department of Defense to complete the final phases of application development for a 5G Smart Warehouse at Naval Base Coronado (NBC). The NBC 5G Smart Warehouse Assessment Team conducted a down select during Phase 1, comparing application solutions from three companies including Vectrus. This effort is part of the DoD’s $600 million 5G experimentation and testing initiative, originally awarded in 2020. Vectrus successfully demonstrated a Converged Environment solution, addressing NAVSUP operational challenges through the implementation of advanced technology applications.

Vectrus’ solutions focused on increasing efficiency, reducing costs, improving readiness and cybersecurity, and strengthening national security. The NBC 5G Smart Warehouse Assessment Team participated in live demonstrations of technologies at the 5G Converged Environment Smart Warehouse – Vectrus’ 5G smart technology testbed – just outside of Richmond, Virginia.

The smart warehouse is a realization of Vectrus’ Converged Environment concept, bringing together the support services, including base operations support, supply chain and logistics, IT and network operations, engineering and digital integration, and security, in one synchronized environment.

“The smart warehouse will serve as a test bed for refining, validating and operationalizing 5G-enabled technologies,” said Corinne Minton-Package, Senior Vice President of Systems and Technology at Vectrus. “This high-tech warehouse will more efficiently facilitate the transshipment between shore facilities and naval units. Our work at Naval Base Coronado will bring next generation efficiencies to naval logistics operations.”

About Vectrus

Vectrus, a defense technology company, has provided mission critical support for the toughest operational challenges our customers have faced for more than 70 years. We leverage emerging technologies, unmatched technical expertise, exceptional talent, and deep domain knowledge to deliver innovative solutions for military and government customers worldwide. Whether it’s base operations support, converged environment solutions, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 8,100 employees spanning 205 locations in 28 countries. In 2021, Vectrus generated sales of $1.8 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

Media Contact:

Mike Smith, CFA
719-637-5773
michael.smith@vectrus.com

SOURCE Vectrus, Inc.

Department of Defense Selects Vectrus for Development of 5G Smart Warehouse

Research, News, and Market Data on Vectrus

 

COLORADO SPRINGS, Colo., March 16, 2022 /PRNewswire/ — Vectrus, Inc. (NYSE: VEC) has been selected by the Department of Defense to complete the final phases of application development for a 5G Smart Warehouse at Naval Base Coronado (NBC). The NBC 5G Smart Warehouse Assessment Team conducted a down select during Phase 1, comparing application solutions from three companies including Vectrus. This effort is part of the DoD’s $600 million 5G experimentation and testing initiative, originally awarded in 2020. Vectrus successfully demonstrated a Converged Environment solution, addressing NAVSUP operational challenges through the implementation of advanced technology applications.

Vectrus’ solutions focused on increasing efficiency, reducing costs, improving readiness and cybersecurity, and strengthening national security. The NBC 5G Smart Warehouse Assessment Team participated in live demonstrations of technologies at the 5G Converged Environment Smart Warehouse – Vectrus’ 5G smart technology testbed – just outside of Richmond, Virginia.

The smart warehouse is a realization of Vectrus’ Converged Environment concept, bringing together the support services, including base operations support, supply chain and logistics, IT and network operations, engineering and digital integration, and security, in one synchronized environment.

“The smart warehouse will serve as a test bed for refining, validating and operationalizing 5G-enabled technologies,” said Corinne Minton-Package, Senior Vice President of Systems and Technology at Vectrus. “This high-tech warehouse will more efficiently facilitate the transshipment between shore facilities and naval units. Our work at Naval Base Coronado will bring next generation efficiencies to naval logistics operations.”

About Vectrus

Vectrus, a defense technology company, has provided mission critical support for the toughest operational challenges our customers have faced for more than 70 years. We leverage emerging technologies, unmatched technical expertise, exceptional talent, and deep domain knowledge to deliver innovative solutions for military and government customers worldwide. Whether it’s base operations support, converged environment solutions, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 8,100 employees spanning 205 locations in 28 countries. In 2021, Vectrus generated sales of $1.8 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

Media Contact:

Mike Smith, CFA
719-637-5773
michael.smith@vectrus.com

SOURCE Vectrus, Inc.

Thursday, March 10, 2022

Vectrus (VEC)
Sell-off Overdone – Favorable Risk/Reward

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Sell-off Overdone. VEC shares are off approximately 21% since the announcement of the Vertex combination. We believe this reaction to be overdone, presenting investors a favorable risk/reward opportunity. Assuming 31.6 million shares outstanding after the combination and $1.1 billion of debt, at our $62 price target, the combined entity would trade at 10.8x 2021 pro forma adjusted EBITDA and 0.9x pro forma revenue, multiples still below its peer group.

Moody’s Upgrade? On Tuesday, Moody’s placed all ratings of Vertex on review for upgrade, stating “Moody’s recognizes the strategic rationale for the transaction, as the combined companies will enhance their technology and service capabilities, while increasing scale and expanding the bid pipeline.”  Moody’s does point out integration risk, heightened by Vertex’s acquisition of the Raytheon businesses …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Thursday, March 10, 2022

Vectrus (VEC)
Sell-off Overdone – Favorable Risk/Reward

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Sell-off Overdone. VEC shares are off approximately 21% since the announcement of the Vertex combination. We believe this reaction to be overdone, presenting investors a favorable risk/reward opportunity. Assuming 31.6 million shares outstanding after the combination and $1.1 billion of debt, at our $62 price target, the combined entity would trade at 10.8x 2021 pro forma adjusted EBITDA and 0.9x pro forma revenue, multiples still below its peer group.

Moody’s Upgrade? On Tuesday, Moody’s placed all ratings of Vertex on review for upgrade, stating “Moody’s recognizes the strategic rationale for the transaction, as the combined companies will enhance their technology and service capabilities, while increasing scale and expanding the bid pipeline.”  Moody’s does point out integration risk, heightened by Vertex’s acquisition of the Raytheon businesses …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

 

Vectrus Announces Fourth Quarter and Full-Year 2021 Results

Research, News, and Market Data on Vectrus

 

– 2021 revenue +28% Y/Y to $1,784 million; Q4 revenue +18% Y/Y to $419.4 million
– 2021 Operating income of $62.0 million; Adjusted EBITDA margin¹ of 4.7%
– 2021 fully diluted EPS of $3.86; Q4 fully diluted EPS of $0.63
– 2021 Adjusted diluted EPS¹ of $4.77; Q4 Adjusted diluted EPS¹ of $0.90
– Strong 2021 operating cash flow generation of $61.3 million
– Backlog of $5.0 billion; Several new wins expand market diversity
– Separately announces Definitive Agreement to combine with Vertex
– Conference call changed to today, March 7th, 8:00 AM E.T.

“This year, Vectrus continued its strong momentum in the converged market, and our financial results for the fourth quarter and full-year 2021 underscore the successful execution of our growth strategy with year-on-year total and organic revenue growth of approximately 28% and 10%, respectively,” said Chuck Prow, Chief Executive Officer of Vectrus. “Our team showcased its agility to meet the unique needs of our clients by successfully supporting several important missions, including Pacific Defender, a major contingency task order in INDOPACOM, supporting the Afghanistan refugee mission to support the Non-Combatant Evacuation Operation as well as supporting the Department of Defense with the establishment of a water supply system for military housing at Red Hill, Hawaii. Additionally, we demonstrated our ability to support operations of larger size and scope by phasing in all the CENTCOM task orders under the LOGCAP V Contract. These task orders provide substantial revenue visibility for the next several years.”

“This year, we also won the five-year, $44 million AFCAP V Saudi Foreign Military Sales Task Order, our first win in the Kingdom of Saudi Arabia, to provide base operation support to the Air Force, and we finished the year by winning the Fort Benning Logistics Support task order, a five-year, $250 million award under the Enhanced Army Global Logistics Enterprise (EAGLE) IDIQ Contract. Fort Benning is one of the DoD’s Power Projection Platforms, that supports the Army’s ability to strategically deploy its high priority active and reserve component units. This award builds on our existing EAGLE task order to support the Logistics Readiness Center at Fort Bragg, another power projection platform, that has recently supported the deployment of troops to the European Area of Operation.”

“Subsequent to the fourth quarter, Vectrus was selected to complete the final phases of application development for the 5G Naval Base Coronado Smart Warehouse. This effort is part of the DoD’s $600 million 5G experimentation and testing initiative, originally awarded in 2020. Vectrus successfully demonstrated a Converged Environment solution, addressing NAVSUP operational challenges through the implementation of advanced technology applications. The Smart Warehouse is a continued demonstration of our Converged Environment portfolio of mission essential solutions, which integrate base operations support, supply chain and logistics, IT and network operations, engineering and digital integration, and security, to help increase efficiency, reduce costs, improve readiness and cybersecurity, and strengthen national security. We look forward to bringing next-generation efficiencies to the naval logistics operations.”

Prow concluded, “All of these impressive accomplishments are a testament to our teams’ 24/7 dedication to our clients and supporting their critical missions.”

Fourth Quarter 2021 Results

“Our fourth quarter and full-year 2021 financial results demonstrate the resilience of our business model and commitment to maintaining a strong balance sheet,” said Susan Lynch, Senior Vice President and Chief Financial Officer. “We are pleased to finish 2021 in a strong financial position, with organic revenue growth and significant cash generation, and we are excited to build on this momentum in 2022.”

Fourth quarter revenue was $419 million up 18% year-on-year as compared to the same period last year. Revenue grew year-on-year as a result of the company’s two acquisitions on December 31, 2020. Organic revenue grew by $3.2 million, or 0.9%, reflecting the transition to LOGCAP V Kuwait and Iraq task orders and completion of certain programs, including the Afghanistan Evacuation Operation.

Operating income was $10.0 million or 2.4% margin. M&A and integration related expenses were $1.0 million and the amortization of acquired intangible assets were $2.5 million. Adjusted operating income¹ was $13.6 million or 3.2% margin. EBITDA¹ was $14.3 million, or 3.4% margin. Adjusted EBITDA¹ was $15.3 million, with a margin of 3.6%, compared to $17.9 million and 5.0% in 2020. The year-on-year margin was impacted by the phase-in of new awards, program completions, contract mix and considerable material and pass through content which carries a lower margin.

Fully diluted EPS was $0.63, reflecting the above-mentioned M&A and integration-related costs. Adjusted diluted EPS¹ for the fourth quarter was $0.90 as compared to $1.25 in 2020. Adjusted diluted EPS¹ was impacted by lower margins in the quarter, higher interest expense due to the company’s two acquisitions in December 2020 and higher depreciation expense.

Full-Year 2021 Results

Full-year revenue was $1.784 billion, up 28% year-on-year.  Organic revenue increased 10% in 2021, driven by new contract wins, base expansion, and phase-ins. The Company reported operating income of $62.0 million, with an operating margin of 3.5%,  Adjusted operating income¹ was $76.6 million, with a 4.3% margin, which is an improvement from $52.2 million and 3.7% from the prior year. The increase in operating income resulted from the acquisitions of Zenetex and HHB and improved program performance throughout the year.

Full-year EBITDA¹ was $78.6 million and a margin of 4.4%.  Adjusted EBITDA¹ was $83.1 million with a 4.7% margin.

Full-year diluted EPS was $3.86, favorably impacted by the recognition of tax credits from prior years. Adjusted diluted EPS¹ for 2021 was $4.77, as compared to $3.36 in 2020.

Cash provided by operating activities for the year were $61.3 million, compared to $64.1 million in 2020. Cash flow in the prior year benefitted from the CARES Act by $13.2 million. Lynch continued, “our strong cash generation is due to efficient collections and working capital management on programs. Excluding the prior year benefit of the CARES Act payroll tax deferrals, year-to-date cash flow from operations improved 20% over last year.”

During the year, Vectrus lowered its debt balance by $73.6 million resulting in an ending balance of $105.4 million.  Cash at year-end was $38.5 million down from $66.9 million.  Total liquidity as of December 31, 2021, was more than $200 million. Total consolidated indebtedness to consolidated EBITDA¹ (total leverage ratio) was 1.20x.

Total backlog as of December 31, 2021 was $5 billion and funded backlog was $1 billion. The trailing twelve-month book-to-bill was 1.0x.

2022 Guidance

Guidance for 2022 is as follows:

Forward-looking statements are based upon current expectations and are subject to factors that could cause actual results to differ materially from those suggested here, including those factors set forth in the Safe Harbor Statement below. 

Vertex Transaction and Conference Call Information

In a separate press release issued today, Vectrus announced that it has entered into an all-stock merger transaction with The Vertex Company to create a leading global provider of mission-essential solutions. The merger is expected to close in the third quarter of 2022, subject to satisfaction of customary closing conditions, including receipt of regulatory and Vectrus shareholder approvals.

As a result of this announcement, management will conduct a conference call with analysts and investors at 8:00 a.m. ET on Monday, March 7, 2022. U.S.-based participants may dial in to the conference call at 877-407-0792, while international participants may dial 201-689-8263. A live webcast of the conference call as well as an accompanying slide presentation will be available on the Vectrus Investor Relations website at http://investors.vectrus.com or https://www.webcaster4.com/Webcast/Page/1431/44827.

A replay of the conference call will be posted on the Vectrus website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through March 21, 2022, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13727760. 

Footnotes:
¹ See “Key Performance Indicators and Non-GAAP Financial Measures” for reconciliation.

About Vectrus

For more than 70 years, Vectrus has provided critical mission support for our customers’ toughest operational challenges. As a high-performing organization with exceptional talent, deep domain knowledge, a history of long-term customer relationships, and groundbreaking technical expertise, we deliver innovative, mission-matched solutions for our military and government customers worldwide. Whether it’s base operations support, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 8,100 employees spanning 205 locations in 28 countries. In 2021, Vectrus generated sales of $1.8 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

FORWARD-LOOKING STATEMENTS

Certain material presented in this press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, Vectrus may be unable to obtain shareholder approval as required for the Transaction; conditions to the closing of the Transaction may not be satisfied; the possibility that anticipated benefits of the Transaction may not be realized or may take longer to realize than expected; the possibility that costs related to Vectrus’s integration of Vertex’s operations may be greater than expected and/or that revenues following the Transaction may be lower than expected; Vectrus’s business may suffer as a result of uncertainty surrounding the Transaction and disruption of management’s attention due to the Transaction; the outcome of any legal proceedings that arise that are related to the Transaction; Vectrus may be adversely affected by other economic, business, and/or competitive factors; the risk that Vectrus may be unable to obtain governmental and regulatory approvals required for the Transaction, or that required governmental and regulatory approvals may delay the Transaction or result in the imposition of conditions that could reduce the anticipated benefits from the Transaction or cause the parties to abandon the Transaction; the impact of legislative, regulatory, competitive and technological changes; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the effect of the Transaction on the ability of Vectrus to retain and maintain relationships with both Vectrus’s and Vertex’s customers, including the U.S. Government; other risks to the consummation of the merger, including the risk that the merger will not be consummated within the expected time period or at all; responses from customers and competitors to the Transaction; the risk that the integration of Vertex may distract management from other important matters; results from the Transaction may be different than those anticipated; statements about Vectrus’s 2022 performance outlook, five-year growth plan, revenue, DSO, contract opportunities, the impacts of COVID-19, and any discussion of future operating or financial performance.

Whenever used, words such as “may,” “are considering,” “will,” “likely,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “could,” “potential,” “continue,” “goal” or similar terminology are forward-looking statements. These statements are based on the beliefs and assumptions of our management based on information currently available to management.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. For a discussion of some of the risks and important factors that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission.

We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Additional Information and Where to Find It

In connection with the Transaction, Vectrus plans to file with the SEC and mail or otherwise provide to its shareholders a proxy statement/prospectus regarding the Transaction. BEFORE MAKING ANY VOTING DECISION, VECTRUS’S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED BY VECTRUS WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Investors and shareholders will be able to obtain a free copy of the proxy and other documents containing important information about Vectrus and Vertex, once such documents are filed with the SEC, through the website maintained by the SEC at www.sec.gov. Vectrus makes available free of charge at www.vectrus.com (in the “Investors” section), copies of materials it files with, or furnishes to, the SEC.

Participants in Solicitation

Vectrus, its directors and certain of its respective executive officers may be considered participants in the solicitation of proxies in connection with the Transaction. Information about the directors and executive officers of Vectrus is set forth in Vectrus’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 2, 2021, and its definitive proxy statement for the 2021 annual meeting of shareholders, which was filed with the SEC on March 23, 2021, certain of its Quarterly Reports on Form 10-Q and certain of its Current Reports filed on Form 8-K. To the extent the holdings of securities of Vectrus by Vectrus’s directors and executive officers have changed since the amounts set forth in Vectrus’s proxy statement for its 2021 annual meeting of shareholders, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such individuals in the Transaction will be included in the proxy statement/prospectus relating to the Transaction when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, may be obtained by reading the definitive proxy statement regarding the acquisition described above.

 

 

 

Non-GAAP Measures

This press release includes certain non-GAAP financial measures, including EBITDA and Pro forma Adjusted EBITDA. These financial measures are not prepared in accordance with accounting principles generally accepted in the United States and may be different from non-GAAP financial measures used by other companies. Vertex and Vectrus believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. These non-GAAP measures with comparable names should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP.

 

 

 

 

 

SUPPLEMENTAL INFORMATION

Revenue by client branch, contract type, contract relationship, and geographic region for the periods presented below was as follows: 

 

CONTACT:

Vectrus
Mike Smith, CFA
719-637-5773
michael.smith@vectrus.com

SOURCE Vectrus, Inc.