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Vectrus (VEC) – Notes From The Preliminary Proxy

Financial Services
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Monday, May 02, 2022

Vectrus (VEC)
Notes From The Preliminary Proxy

For more than 70 years, Vectrus has provided critical mission support for our customers’ toughest operational challenges. As a high-performing organization with exceptional talent, deep domain knowledge, a history of long-term customer relationships, and groundbreaking technical expertise, we deliver innovative, mission-matched solutions for our military and government customers worldwide. Whether it’s base operations support, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 8,100 employees spanning 205 locations in 28 countries. In 2021, Vectrus generated sales of $1.8 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Preliminary Proxy. Vectrus filed a preliminary proxy for its proposed merger with Vertex. As usual, the proxy provides detailed information about the process, financial forecasts, and valuation from the financial advisor’s opinion. In addition, we learn the proposed new Company name, V2X, Inc., and symbol VVX.

Long Train Running. The March announcement of the proposed combination of Vectrus and Vertex is the culmination of a long, winding trip. Vectrus first registered an interest in Vertex, then a subsidiary of L3 Technologies back in 2018, and expressed its interest in Raytheon’s receptiveness to a potential divestiture of certain of its technical services assets comprising the Defense Training and Mission Critical Services business, the assets which were subsequently acquired by Vertex this past December, back in October 2020….

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

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