V2X Wins $87M Navy Contract for F/A-18 Pylon Upgrades
VVX sits 69% above its 52-week low of $47.37 on elevated volume (1.9× avg).
Summary
V2X landed an $87 million contract to enhance SUU-79 pylons for F/A-18 and EA-18G aircraft, with work running through January 2030 in Indianapolis. This adds to a string of recent wins, including a $1B engine overhaul deal in July and a $500M Air Force IDIQ just yesterday. The contract is modest relative to the company's $1.26B quarterly revenue but reinforces its defense services momentum. The steady flow of awards supports the strong backlog growth noted in Q1.
At the time of this announcement, VVX was trading at $80.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $47.37 to $93.98. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.