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Friday, May 1, 2020
Vectrus (VEC)
Wins Position on $6.4 Billion AFCAP V contract
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.
AFCAP V Contract. Yesterday, Vectrus announced that it had been awarded a position on the Air Force Contract Augmentation Program, a $6.4 billion ID/IQ contract vehicle. The Company was one of eight firms selected for the position. AFCAP V provides contingency planning, deploying and training/equipping of forces, emergency and contingency construction, logistics/commodities, and services. The contract runs through May 31, 2031.
Ongoing Support. The position on AFCAP V is a continuation of Vectrus’ position on previous AFCAP contracts. The Company was previously awarded a position in June 2015 and over time has won 13 task orders in multiple countries worth over…
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