- V2X (VVX, Financial) launches a $100 million share repurchase program, approved by its Board.
- The program spans a three-year period ending on May 12, 2028.
- Purchases will be made through various methods, including open market and private transactions.
RESTON, Va., May 12, 2025 – V2X, Inc. (VVX) has announced a notable $100 million share repurchase program authorized by its Board of Directors. This initiative is set to last for three years, extending until May 12, 2028. The company plans to execute these repurchases through a variety of methods, including open market purchases, block trades, and privately negotiated transactions, while maintaining compliance with market conditions and regulatory requirements.
CEO Jeremy C. Wensinger remarked that this buyback reflects the company's strong financial position and underscores its dedication to enhancing shareholder value through disciplined capital allocation. V2X intends to remain flexible with the program's execution, taking into account factors such as prevailing market conditions, share prices, existing loan covenants, and alternative investment opportunities.
The buyback program, while establishing a potential support level for VVX's stock price, allows for strategic adaptability, as V2X reserves the right to amend, suspend, or discontinue the repurchase initiative based on changing business conditions. This financial move demonstrates the company's confidence in its robust business fundamentals, highlighted by high free cash flow and a solid balance sheet.
