- V2X Inc. (VVX, Financial) wins a $118 million contract for Iraq's F-16 program under the Foreign Military Sales.
- The contract is expected to be fully defined by the end of 2025 with a potential five-year duration.
- Operations will be conducted at Martyr BG Ali Flaih Air Base in Iraq, focusing on base operations and life support services.
V2X Inc. (VVX) has been awarded a new $118 million cost-plus-fixed-fee, undefinitized contract to support Iraq's F-16 program under the Foreign Military Sales initiative. The agreement underlines V2X's strategic expansion into foreign military sales and international markets.
The project will be executed over a potential five-year performance period, with an immediate start aimed at achieving full definitization of the contract before the end of 2025. This strategic contract is significant for V2X as it highlights the company's ability to leverage its diverse portfolio across various operational domains including air, land, sea, space, and cyber.
Operational efforts will be focused at the Martyr BG Ali Flaih Air Base in Iraq, where V2X will provide comprehensive base operations, life support services, and other critical operations. Despite the inherent challenges of operating in a high-risk geographical location, V2X's leadership considers this a testament to their capability in delivering essential strategic capabilities to the Iraqi Air Force.
Ken Shreves, Senior Vice President of Mission Support at V2X, emphasized the significance of this award as a reflection of the company's full-spectrum capabilities in global theaters. The company's President and CEO, Jeremy C. Wensinger, also noted that foreign military sales and international markets represent a growing area of opportunity for V2X. With approximately 16,000 professionals globally, V2X integrates AI and machine learning across national and international markets to enhance mission success.
