Thursday, December 14, 2023
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, Managing Director, Equity Research Analyst, Generalist , 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.
NobleCon19. V2X CEO Chuck Prow presented at NobleCon19. Highlights included are its backlog, organic growth strategy through its segments in Aerospace Solutions, Advanced Technology, and Global Mission Training & Sustainment, and reducing debt. A rebroadcast is available at https://www.channelchek.com/videos/v2x-noblecon19-replay.
Backlog. The Company’s total backlog is about $13.3 billion, a record for V2X, and translates to approximately three years of revenue, based on the Company’s revenue guidance mid-point. The backlog also does not have any single contract re-compete risk of more than 2% of revenue for the next 24 months.
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*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.
