Movers and SHAKERS
Another Major Win: OMDAC-SWACA 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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OMDAC-SWACA Award. Tuesday evening, the U.S. Army announced Vectrus was awarded an $882.5 million cost-plus-fixed-fee contract for operation, maintenance, and defense of Army communications (OMDAC-SWACA) with an estimated completion date of December 26, 2025. This is another major win for Vectrus, as OMDAC-SWACA accounted for approximately 15.6% of the Company's 2019 revenues.
Details. The OMDAC-SWACA award of $882.5 million over the next five years is similar in value to what the contract provided Vectrus over the 2016-2020 period, which we estimate to have contributed a total of $932 million of revenue. The entire $882.5 million was obligated at the time of the ...
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