Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4
Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4 (VVX) – Vertex Bags US Navy Contract Worth ~$230M – Stocks to Watch
Vertex, a V2X, Inc. VVX company, has secured a contract valued at up to $230 million for contractor logistics support for the U.S. Navy and U.S. Marine Corps’ fleet of C-12 Huron aircraft.
The contract was awarded by the Naval Air Systems Command, known as NAVAIR.
The C-12 is a twin-engine aircraft used for light passenger and cargo missions.
The contract period of performance is a 3-month base for transition plus a 9-month option for full performance in the “base year” and 4 one-year options thereafter.
Vertex will provide various services, including site support, aircraft depot maintenance, engine depot maintenance, propeller depot overhauls, and modifications.
Price Action: VVX shares are trading lower by 3.98% at $35.48 on the last check Tuesday.
