Monday, December 07, 2020
Vectrus (VEC)
New Business Momentum Continuing
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.
Refer to the full report for the price target, fundamental analysis, and rating.
New Business. Vectrus continues to win new and expanded awards. Last week, the Department of Defense announced two new awards to the Company, one for work in Ft. Benning, Georgia, the other for work in Guantanamo Bay. We view the awards as further confirmation of Vectrus’ leadership position in the converged infrastructure market.
Fort Benning. On Friday, Vectrus was awarded a $35.5 million cost-plus-fixed-fee contract for logistics support services at Fort Benning, Georgia. This was a competitive bid with Vectrus beating out eight other bidders. Work will be performed in Chattahoochee, Georgia, with an estimated completion date of December 9, 2025. Fiscal 2021 operation and maintenance (Army) funds in the amount of $2.1 …
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.
