VEC - Vectrus nabs $196M U.S. Navy contract

Vectrus Systems, wholly-owned subsidiary of Vectrus (VEC), secured a potential $196M firm-fixed-price contract for the U.S. Navy to continue providing base operations support services at Naval Station Guantanamo Bay, Cuba.Contract extends through November 2025, including all option periods.Since 2018, Vectrus has won several new contract wins, including a $210M, 8-year contract to provide base operations support to Isa Air Base in Bahrain; a $45M, 8-year contract to support the U.S. Navy's Aegis Ashore Missile Defense Facility in Romania; two wins through new joint venture worth ~$350M.Vectrus has been successful in expanding its Navy footprint in key geographies; forecasts further growth and opportunity with this client.

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Vectrus nabs $196M U.S. Navy contract