Wednesday, September 16, 2020
Vectrus (VEC)
New Contract Award
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.
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New Award. On Monday, the DoD announced Vectrus has been awarded a $43.4 million ID/IQ contract for base operations support services at Naval Station Guantanamo Bay. The maximum dollar value including the base period and four option years is $196.1 million. Back in 2018, Vectrus had been awarded a two-year $60 million contract for these services.
And Extension. On August 27th, Vectrus was awarded an $116.8 million modification to its OMDAC-SWACA contract for continued support of critical operation, maintenance and defense of Army communications, which supports the Army Operational Base Communications Information Systems and infrastructure in support of U.S. Central Command forces. The extension is through February 28, 2021, although a new …
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