V2X Secures $48.5M Contract with US Army for Advanced Battlefield Communications
Portfolio Pulse from Benzinga Newsdesk
V2X, Inc. (NYSE:VVX) has secured a $48.5 million contract with the U.S. Army for the Gateway Mission Router (GMR), enhancing battlefield communications. The four-year IDIQ contract highlights V2X's role in national defense.
July 22, 2024 | 11:47 am
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V2X, Inc. (NYSE:VVX) has been awarded a $48.5 million contract by the U.S. Army for the Gateway Mission Router (GMR), enhancing battlefield communications. This four-year IDIQ contract is a significant win for V2X, emphasizing its role in national defense and potentially boosting its revenue and market position.
The $48.5 million contract with the U.S. Army is a substantial addition to V2X's portfolio, likely to enhance its revenue stream and solidify its market position in the defense sector. The four-year duration of the contract provides a stable and predictable source of income, which is positive for the company's financial outlook.
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