RESTON, Va., Aug. 17, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX), a leading provider of global mission solutions supporting defense, national security and civilian customers, congratulates Chief Growth Officer Dr. L. Roger Mason Jr. on his confirmation by the U.S. Senate to serve as Director of the National Reconnaissance Office.
Since joining V2X in 2025, Mason has led the company’s integrated growth organization, overseeing corporate strategy, business development, technology development, marketing and communications, government affairs, competitive intelligence, and growth operations. Under his leadership, V2X strengthened its strategic positioning across key national security priorities and advanced opportunities supporting the evolving needs of defense and intelligence customers.
“Roger has been an exceptional leader, trusted colleague and advocate for our customers and employees,” said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. “His strategic vision, integrity and commitment to the national security mission have left a lasting impact on our company. While we will certainly miss his leadership, we are incredibly proud to see him continue his distinguished career in public service. On behalf of the entire V2X team, we congratulate Roger and wish him every success as he leads one of our nation’s most important intelligence organizations.”
V2X will announce plans regarding the Chief Growth Officer role at a later date.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
Media Contact Angelica Spanos Deoudes Senior Director, Marketing and Communications [email protected] 571-338-5195
RESTON, Va., Aug. 10, 2026 /PRNewswire/ — V2X Inc. (NYSE: VVX) has been awarded a contract with a base value of approximately $391 million, with a potential value of up to $500 million including all option periods under the contract ceiling, by the U.S. Marine Corps Logistics Command to provide Logistics Integration Support Services for the Marine Force Storage Command’s Secondary Repairable (SECREP) program.
Under the contract, V2X will coordinate the complex repair and sustainment process for secondary repairable components, helping ensure critical equipment is restored efficiently and returned to service in support of Marine Corps readiness. The program leverages an extensive network of original equipment manufacturers, military depots, and industry partners to repair and manage mission-essential components across the Marine Corps’ logistics enterprise.
“Readiness begins with sustainment, and V2X is proud to continue supporting the U.S. Marine Corps with integrated logistics solutions that keep critical equipment mission ready,” said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. “This award reflects our proven ability to manage complex sustainment operations that improve availability, strengthen supply chain performance, and deliver value to our customer.”
V2X has supported the Marine Corps’ SECREP program for more than twenty years delivering logistics expertise that helps reduce costs, improve repair cycle times, and increase equipment availability. Through proven supply chain management, repair coordination, and lifecycle sustainment capabilities, V2X enables the Marine Corps to maximize operational readiness while extending the service life of critical assets.
The contract builds on V2X’s broad portfolio of integrated logistics and sustainment programs supporting customers worldwide. By combining engineering, supply chain management, and mission support expertise, V2X delivers innovative solutions that enhance readiness and ensure warfighters have the equipment they need to accomplish their missions.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
Media Contact Angelica Spanos Deoudes Senior Director, Marketing and Communications [email protected] 571-338-5195
RESTON, Va., Aug. 5, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX) has been awarded an $87 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract to enhance the performance, longevity, and mission readiness of SUU-79 pylons supporting F/A-18 Super Hornet and EA-18G Growler aircraft operated by the United States Navy.
The SUU-79 pylons are critical sub-systems mounted beneath the aircraft wing, enabling the carriage and deployment of weapons, missiles, and other mission-essential stores. These components play a vital role in ensuring full mission lethality and operational effectiveness across a range of combat and support missions. V2X has supported sustainment of these Navy aircraft’s systems, including pylons, since the first F/A-18 aircraft entered into service in the 1980s.
Through this contract, V2X will sustain and modernize mission-critical capabilities by overhauling this key aircraft component for frontline naval aviation operations. By applying advanced repair techniques and lifecycle sustainment expertise, V2X helps extend the operational relevance of these platforms to ensure continued alignment with evolving mission requirements.
“This award reflects our continued commitment to delivering mission-critical sustainment solutions that ensure operational readiness for our naval forces,” said Jeremy C. Wensginer, President and Chief Executive Officer at V2X. “These pylons are actively supporting missions today, and our work ensures they remain ready, reliable, and capable of enabling full-spectrum combat operations whenever and wherever they are needed. This is yet another example of supporting the modernization of critical aviation systems.”
Under the contract, all work will be performed in Indianapolis, Indiana, with completion expected by January 2030.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting right technologies including AI and machine learning capabilities to meet today’s toughest challenges across all operational domains and maintain relevancy for the evolving mission parameters.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
Media Contact Angelica Spanos Deoudes Senior Director, Marketing and Communications [email protected] 571-338-5195
RESTON, Va., Aug. 4, 2026 /PRNewswire/ — V2X Inc. (NYSE: VVX) has been awarded an indefinite-delivery/indefinite-quantity contract, with a $500 million ceiling value, by the U.S. Air Force to continue providing Contractor Logistics Support for the Air Force’s C-12 aircraft fleet.
The C-12 Huron provides time-sensitive transportation of personnel and cargo, medical evacuation, and flight test support for organizations including Air Force Materiel Command, the Defense Intelligence Agency, the Defense Security Cooperation Agency and Pacific Air Forces. Under the contract, V2X will continue delivering comprehensive maintenance, supply chain, engineering and logistics support for the globally deployed fleet through June 2031.
The award builds on V2X’s long-standing partnership with the U.S. Air Force, reflecting the company’s proven ability to deliver exceptional aircraft availability and mission readiness. Throughout the current program, V2X has consistently achieved mission capability rates exceeding 95 percent while earning exceptional Contractor Performance Assessment Reporting System ratings for quality, schedule and mission execution.
“Our customers depend on these aircraft to execute missions around the world, often on short notice and in demanding environments,” said Vinny Caputo, Senior Vice President of Aerospace Systems at V2X. “This award reflects the confidence the U.S. Air Force places in our people and our proven ability to deliver sustained aircraft readiness. We are proud to continue supporting this important fleet with the operational excellence, technical expertise and mission focus our customers expect.”
V2X’s integrated sustainment approach combines maintenance, supply chain management, engineering, logistics and program management to maximize aircraft availability while improving operational efficiency. The company’s performance on the current program has enabled the Air Force to maintain exceptional fleet readiness while integrating new capabilities that improve mission effectiveness.
Work under the firm-fixed-priced contract will be performed at multiple locations across the United States and internationally, supporting Air Force operations and Foreign Military Sales partners across North America, South America, Europe, Africa, the Middle East and the Pacific.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
Net income of $25.5 million; Adjusted net income1 of $51.6 million, up 22% year-over-year
Adjusted EBITDA1 of $89.8 million; Adjusted EBITDA1 margin of 7.1%
Diluted EPS of $0.81; Adjusted diluted EPS1 of $1.64, up 23% year-over-year
Increasing full-year 2026 revenue, adjusted EBITDA1, and adjusted diluted earnings per share1 guidance
RESTON, Va., Aug. 3, 2026 /PRNewswire/ — V2X, Inc. (NYSE:VVX) today announced second quarter 2026 financial results and increased 2026 guidance for revenue, adjusted EBITDA1, and adjusted diluted earnings per share1.
“With double-digit top and bottom-line growth, our strong second quarter performance reflects consistent strategic execution, robust demand for our differentiated capabilities and continued alignment to national security priorities,” said Jeremy C. Wensinger, President and Chief Executive Officer. “Recent awards across modernization, global training, aerospace and mission readiness reinforce the value of our end-to-end solutions, ability to support global no-fail missions, and pursuit of profitable growth opportunities that increase the value of our backlog. Our solid first-half performance and current backlog position us well as we enter the second half of 2026 and as such are increasing our 2026 outlook for revenue, adjusted EBITDA1 and adjusted EPS1. We remain focused on advancing our Go Towards Tomorrow strategy, prioritizing investments that accelerate innovation across the enterprise and strengthen our competitive solutions, and delivering differentiated value for customers and shareholders.”
Second Quarter 2026 Results
In the second quarter, V2X reported revenue of $1.26 billion, representing 17% year-over-year growth. The Company reported solid topline growth and strong operating performance, yielding double-digit growth in adjusted net income1 and adjusted EPS1. Net income for the quarter was $25.5 million. Adjusted net income1 was $51.6 million, an increase of 22%, year-over-year. Second quarter GAAP diluted EPS was $0.81. Adjusted diluted EPS1 for the quarter increased 23% year-over-year to $1.64.
V2X delivered adjusted EBITDA1 of $89.8 million, with a margin1 of 7.1%, representing an increase of 9%, from the prior year.
1 See “Key Performance Indicators and Non-GAAP Financial Measures” for descriptions and reconciliations.
Second quarter net cash provided by operating activities was $21.6 million. Adjusted net cash provided by operating activities1 was $71.8 million.
At the end of the second quarter, net debt for V2X was $876.1 million, representing an improvement of $71.4 million year-over-year and a 2.4x net leverage ratio1. The Company expects to achieve a net leverage ratio1 of approximately 2.0x by the end of 2026.
As of July 3, 2026, total backlog1 was $12.7 billion and funded backlog1 was $2.5 billion. Book-to-bill1 in the second quarter was approximately 0.5x. Trailing twelve-month book-to-bill1 was approximately 1.4x.
2026 Guidance
The Company is increasing its 2026 guidance ranges for revenue, adjusted EBITDA1, and adjusted diluted earnings per share1 as follows:
$ millions, except for per share amounts
Prior 2026 Guidance
Updated 2026 Guidance
Revenue
$4,825
$4,975
$4,875
$5,025
Adjusted EBITDA1
$345
$360
$347.5
$362.5
Adjusted Diluted Earnings Per Share1
$5.75
$6.15
$5.90
$6.30
Adjusted Net Cash Provided by Operating Activities1
$160
$180
$160
$180
The Company is not providing a quantitative reconciliation with respect to the foregoing forward-looking non-GAAP measures in reliance on the “unreasonable efforts” exception set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. For example, unusual, one-time, non-ordinary, or non-recurring costs, which relate to M&A, integration and related activities cannot be reasonably estimated. 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.
1 See “Key Performance Indicators and Non-GAAP Financial Measures” for descriptions and reconciliations.
Second Quarter Conference Call
Management will conduct a conference call with analysts and investors at 4:30 p.m. ET on Monday, August 3, 2026. U.S.-based participants may dial in to the conference call at 877-300-8521, while international participants may dial 412-317-6026. A live webcast of the conference call as well as an accompanying slide presentation will be available here: https://app.webinar.net/9LeOmbNmDjb
A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through August 17, 2026, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10210672.
Presentation slides that will be used in conjunction with the conference call will also be made available online in advance on the “investors” section of the company’s website at https://gov2x.com. V2X recognizes its website as a key channel of distribution to reach public investors and as a means of disclosing material non-public information to comply with its obligations under the U.S. Securities and Exchange Commission (“SEC”) Regulation FD.
About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,200 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act.
Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue” or similar terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management. Forward-looking statements in this press release, include, but are not limited to our future performance and capabilities; all of the statements and items listed under “2026 Guidance” above and other assumptions contained therein for purposes of such guidance; our belief that prior performance provides substantial visibility for future performance; market trends; product development; capital deployment; future net leverage ratio; and our belief that our innovation strategy, visibility, and targeted growth opportunities provide substantial demand for our services and opportunities for value creation.
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, which could cause actual results to differ materially from the results discussed in the forward-looking statements. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties 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 SEC.
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 applicable law.
RESTON, Va., July 27, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX), a leading provider of global mission solutions supporting national security, defense, and civilian customers, today announced it has joined the S&P SmallCap 600 Index, following S&P Dow Jones Indices’ previously announced rebalancing.
“Joining the S&P SmallCap 600 is an important milestone for V2X and reflects the progress we’ve made in executing our strategy and delivering long-term value,” said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. “Our inclusion recognizes the progress of our business and the dedication of our employees, who deliver exceptional outcomes for our customers every day. We remain focused on executing our strategy and creating lasting value for our shareholders.”
The S&P SmallCap 600 is widely recognized as a leading benchmark for the U.S. small-cap equity market and is designed to measure the performance of established companies that meet specific criteria for market capitalization, liquidity, public float, and financial viability. Inclusion in the index may increase visibility among institutional investors and investment funds that track the benchmark.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
Media Contact Angelica Spanos Deoudes Senior Director, Marketing and Communications [email protected] 571-338-5195
RESTON, Va., July 14, 2026 /PRNewswire/ — V2X, Inc., (NYSE: VVX), a leading provider of global mission solutions, will report second quarter 2026 financial results on Monday, August 3, 2026, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day.
U.S.-based participants may dial in to the conference call at 877-300-8521, while international participants may dial 412-317-6026. A live webcast of the conference call as well as an accompanying slide presentation will be available at https://app.webinar.net/9LeOmbNmDjb and on the Investors section of the V2X website at https://gov2x.com/.
A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through August 17, 2026, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10210672.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
RESTON, Va., May 18, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX) has been awarded a contract by the U.S. Navy’s Naval Air Systems Command to support the Large Aircraft Infrared Countermeasures (LAIRCM) program, a critical system designed to protect military aircraft from infrared-guided missile threats.
“LAIRCM is a vital capability that enhances aircraft survivability in contested environments,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “We are proud to continue supporting the U.S. Navy with proven expertise in aircraft modification, modernization, and mission system integration that directly contributes to warfighter safety and mission success.”
V2X was selected based on its demonstrated experience supporting complex aviation modification programs and is not only continuing this work but expanding its scope. Under the contract, V2X will integrate LAIRCM systems on multiple United States Marine Corps KC-130J aircraft at its modernization and integration center in Crestview, FL.
“Our Crestview modernization and integration center is a strategic differentiator that strengthens our ability to deliver innovative solutions for missions of today and tomorrow, and is regarded throughout the industry as a C-130 center of excellence after conducting hundreds of C-130 modifications over the past 10 years,” said Richard “Vinny” Caputo, Senior Vice President of Aerospace Systems at V2X. “The facility features a fully instrumented 8,000-foot runway with easy access for aircraft of all sizes. It also includes multiple high-bay hangars with more than 500,000 square feet of manufacturing, production, and assembly space.”
This award further reinforces V2X’s position as a provider of aircraft modification and survivability solutions for U.S. defense customers.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
RESTON, Va., April 20, 2026 /PRNewswire/ — V2X, Inc., (NYSE: VVX), a leading provider of global mission solutions, will report first quarter 2026 financial results on Monday, May 4, 2026, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day.
U.S.-based participants may dial in to the conference call at 877-300-8521, while international participants may dial 412-317-6026. A live webcast of the conference call as well as an accompanying slide presentation will be available at https://app.webinar.net/Q291YZzYJpN and on the Investors section of the V2X website at https://gov2x.com/.
A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through May 18, 2026, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10208314.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
RESTON, Va., April 2, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX) today announced the appointment of Mike Uster as Chief Information Officer, effective immediately. In this role, Uster will lead the company’s global information technology strategy, enterprise systems, and digital transformation initiatives, with a focus on strengthening cybersecurity, advancing AI-enabled capabilities, and enabling secure, resilient technology platforms that support V2X’s mission-critical operations. He will report directly to Jeremy C. Wensinger, President and Chief Executive Officer at V2X.
Uster brings more than 35 years of experience leading enterprise IT, innovation, and mission-critical technology solutions for government and industry. Most recently, he served as Chief Information Officer, Chief Technology Officer, and Senior Vice President at ManTech, where he led enterprise-wide digital transformation initiatives, cybersecurity modernization, and advanced technology adoption across global operations.
“Mike brings an exceptional depth of experience leading enterprise IT transformation and deploying advanced technologies in support of national security missions,” said Wensinger. “His leadership in areas such as zero-trust architecture, secure collaboration platforms, and AI-enabled enterprise solutions will help strengthen V2X’s technology foundation and enable us to deliver even greater value to our customers and employees.”
During his tenure at ManTech, Uster was instrumental in implementing comprehensive zero-trust architecture, driving secure collaboration capabilities, and embedding AI-enabled technologies to enhance productivity and operational excellence across the enterprise.
Earlier in his career, Uster held roles supporting government and national security missions at Northrop Grumman, Lockheed Martin Skunk Works, RAND Corporation, and TRW Inc.. He joined ManTech in 2005 and progressed through leadership roles spanning IT strategy, business systems, and enterprise service delivery.
Uster holds a Bachelor of Arts in Modern European History from Biola University and is recognized for his strategic vision, commitment to innovation, and ability to develop high-performing technology teams.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
RESTON, Va., March 16, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX) today announced a strategic collaboration with Elastic to accelerate search and analytics capabilities to better support joint government, defense, and intelligence community customers’ missions.
V2X is working with Elastic to integrate its industry-leading search and analytics capabilities to better meet stringent government and national security standards. By combining their expertise, the two companies will provide government and commercial organizations with faster access to critical information and improved decision-making while fully supporting demanding security and compliance mandates.
V2X and Elastic are driving advancements across key mission functions, including:
Multi-source data analysis: Through Elasticsearch, V2X is rapidly indexing, searching, and analyzing vast quantities of structured and unstructured data to generate actionable intelligence in real-time.
Optimized logistics and sustainment: Leveraging enhanced search visibility to improve supply chain tracking, predictive maintenance, and asset management.
Cyber and operational resilience: Detecting risks and anomalies faster through intelligent event correlation and data monitoring.
“Our partnership with Elastic allows V2X to embed world-class data search and analytics capabilities into our own workflows while also elevating what we can deliver for our customers,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “By utilizing Elasticsearch and Elastic Agent Builder, we can quickly surface mission-critical insights and improve security across the full lifecycle of government and defense operations.”
“Government missions depend on the ability to unify and interrogate vast volumes of structured and unstructured data,” said Chris Townsend, Global Vice President of Public Sector at Elastic. “By combining Elasticsearch with Elastic Agent Builder, V2X can surface actionable insight faster and strengthen decision-making across complex operational environments.”
V2X partners with industry leading technology providers like Elastic to expand its leadership in data-enabled mission solutions and accelerate digital transformation across all domains.
Disclaimer Capabilities described are subject to applicable contractual authorizations and accreditation processes.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
RESTON, Va., March 10, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX) today announces the extension of its longstanding partnership with General Motors (NYSE: GM), underscoring a continued commitment to technical excellence and workforce development across GM’s nearly 4,000 U.S. dealerships. Under this multi-year contract, valued at over $100 million and now extended through 2030, V2X will continue to design, deliver, and evaluate comprehensive technical training for all GM Service Technicians.
The partnership includes operation of the flagship GM Technical Training Center in Troy, MI, supporting GM’s renowned World Class Technician certification program. The program consistently exceeds industry standards. V2X Professional Services (VPS) plays an integral role in ensuring a steady pipeline of highly qualified technicians.
Now in its 26th year, the GM Service Technical College, in collaboration with V2X, trains more than 40,000 Service Technicians and Apprentices annually. The curriculum is continually updated to address emerging technologies and evolving vehicle model requirements, ensuring GM’s technician workforce is prepared to uphold the brand’s promise of exceptional customer service.
“The partnership with GM exemplifies the power of aligning technical training with a company’s evolving needs,” said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. “Our work with GM has been pivotal in driving our growth across the commercial, government, and military technical training markets. Every day, we strive to earn and uphold GM’s trust in V2X.”
This ongoing collaboration is founded on a shared commitment to innovation in learning methods and training media. As a result, GM consistently leads the industry in the quality of facilities and resources dedicated to training, while achieving top-tier customer satisfaction ratings.
About V2X V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Investor Contact Mike Smith, CFA Vice President, Treasury, Corporate Development and Investor Relations [email protected] 719-637-5773
Net income of $22.8 million; adjusted net income1 of $49.3 million, up 16% year-over-year
Adjusted EBITDA1 of $88.7 million; adjusted EBITDA1 margin of 7.3%
Diluted EPS of $0.72; record adjusted diluted EPS1 of $1.56, up 17% year-over-year
Cash flow from operations of $209.5 million
Full-Year Highlights
Revenue of $4.48 billion, up 4% year-over-year
Net income of $77.9 million; adjusted net income1 of $166.8 million, up 20% year-over-year
Adjusted EBITDA1 of $323.3 million, with a margin of 7.2%
Diluted EPS of $2.45; adjusted diluted EPS1 of $5.24, up 21% year-over-year
Cash flow from operations of $182.0 million
Achieved net debt reduction of $116 million and 2.2x net leverage ratio1
2026 Guidance
Establishing full-year 2026 guidance with 6% revenue and adjusted EBITDA1 growth at mid-point
RESTON, Va., Feb. 23, 2026 /PRNewswire/ — V2X, Inc. (NYSE:VVX) today announced financial results for the fourth quarter and full-year 2025 ended December 31, 2025, and established guidance for full-year 2026.
“V2X ended 2025 with another quarter of strong performance, underscoring our team’s successful execution of our strategy,” said Jeremy C. Wensinger, President and Chief Executive Officer. “We are entering 2026 with significant momentum. Our recent awards and alignment to National Security priorities for readiness and modernization are creating tailwinds for continued growth. Additionally, we are continuing to prioritize investments and expand partnerships to deliver innovative solutions that anticipate and fulfill our customers’ requirements. These growth priorities are further supported by the strength of our capital structure. As we look ahead, V2X is well positioned to continue to deliver readiness enabling solutions to support our customers’ evolving requirements, while generating enhanced value for our shareholders.”
Fourth Quarter 2025 Results
In the fourth quarter, V2X reported record revenue of $1.22 billion, which represents 5% year-over-year growth. The Company reported solid topline growth and strong operating performance, yielding double-digit growth in adjusted net income1 and adjusted EPS1. Net income for the quarter was $22.8 million. Adjusted net income1 was $49.3 million, an increase of $6.6 million dollars, or 16%, year-over-year. Fourth quarter GAAP diluted EPS was $0.72. Adjusted diluted EPS1 for the quarter increased 17% year-over-year to $1.56.
V2X delivered record adjusted EBITDA1 of $88.7 million, with a margin of 7.3%, representing an increase of $2.6 million dollars, or 3%, from the prior year.
Fourth quarter net cash provided by operating activities was $209.5 million. Adjusted net cash provided by operating activities1 increased 3% year-over-year to $172.4 million.
At the end of the fourth quarter, net debt for V2X was $758 million, representing an improvement of $116 million year-over-year and achieving its 2.2x net leverage ratio1.
Total backlog as of December 31, 2025 was $11.1 billion. Funded backlog1 was $2.3 billion. Book-to-bill1 in the quarter was approximately 0.7x.
Full-Year 2025 Results
Full-year revenue was $4.48 billion, representing a 4% increase compared to the previous year.
Net income for the year was $77.9 million. Adjusted net income1 was $166.8 million, an increase of $27.9 million dollars, or 20%, year-over-year. Full-year GAAP diluted EPS was $2.45. Adjusted diluted EPS1 for 2025 was $5.24, increasing 21% year-over-year. Full-year adjusted EBITDA1 was $323.3 million with a margin of 7.2%.
Net cash provided by operating activities in 2025 was $182.0 million. Adjusted net cash provided by operating activities1 was $148.3 million.
2026 Guidance
Expectations for the Company’s full year 2026 financial results are as follows:
$ millions, except for per share amounts
2026 Guidance
2026 Mid-Point
Revenue
$4,675
$4,825
$4,750
Adjusted EBITDA1
$335
$350
$343
Adjusted Diluted Earnings Per Share1
$5.50
$5.90
$5.70
Adjusted Net Cash Provided by Operating Activities1
$150
$170
$160
The Company is not providing a quantitative reconciliation with respect to the foregoing forward-looking non-GAAP measures in reliance on the “unreasonable efforts” exception set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. For example, unusual, one-time, non-ordinary, or non-recurring costs, which relate to M&A, integration and related activities cannot be reasonably estimated. 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.
Fourth Quarter Conference Call
Management will conduct a conference call with analysts and investors at 4:30 p.m. ET on Monday, February 23, 2026. U.S.-based participants may dial in to the conference call at 877-300-8521, while international participants may dial 412-317-6026. A live webcast of the conference call as well as an accompanying slide presentation will be available here: https://app.webinar.net/3do4py9pnRx
A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through March 9, 2026, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10195666.
Presentation slides that will be used in conjunction with the conference call will also be made available online in advance on the “investors” section of the company’s website at https://gov2x.com. V2X recognizes its website as a key channel of distribution to reach public investors and as a means of disclosing material non-public information to comply with its obligations under the U.S. Securities and Exchange Commission (“SEC”) Regulation FD.
___________________________
1 See “Key Performance Indicators and Non-GAAP Financial Measures” for descriptions and reconciliations.
About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,200 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act.
Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue” or similar terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management. Forward-looking statements in this press release, include, but are not limited to our future performance and capabilities; all of the statements and items listed under “2026 Guidance” above and other assumptions contained therein for purposes of such guidance; our belief that prior performance provides substantial visibility for future performance; market trends; product development; capital deployment; statements about the benefits and expectations with respect to the strategic acquisition; and our belief that our innovation strategy, visibility, and targeted growth opportunities provide substantial opportunities for value creation.
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, which could cause actual results to differ materially from the results discussed in the forward-looking statements. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties 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 SEC.
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 applicable law.
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