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V2X refinances $868.5M term loans with new tranche maturing 2030; SOFR+2% margin
New Term Loans of $868,522,978.38 replace all existing term loans under First Lien Credit Agreement.
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V2X selling shareholder exits via public offering of 2M shares; company gets no proceeds
Vertex Aerospace Holdco sold all 2,004,569 shares in underwritten public offering; closed May 11, 2026.
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V2X board reduced to 9; director Waechter exits due to age limit; three directors elected
Steven L. Waechter, age 76, term ended per age policy (75 max); not renominated, no disagreement.
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V2X Q1 revenue $1.25B (+23% YoY), adjusted EPS $1.53 (+55%); raises FY2026 guidance
Revenue of $1.25B, up 23% YoY; net income $18.9M; adjusted net income $48.1M (+53% YoY).
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V2X Q4 revenue $1.22B (+5% YoY), adj. EPS $1.56 (record); guides FY2026 6% growth
Q4 revenue $1.22B (+5% YoY); adjusted diluted EPS $1.56 (record, +17% YoY).
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V2X expands board to 10 members, appoints three new directors
Board increased from 7 to 10; Nicole Theophilus, Gerard Fasano, and Ross Niebergall appointed effective Jan 7, 2026.
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V2X: 2.25M share offering closes; two Vertex-designated directors resign; Shareholders Agreement terminates
Public offering of 2.25M shares closed Nov 13, 2025; selling shareholder Vertex Aerospace sold, company repurchased 363,638 shares.
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V2X appoints Daniel Demases as Chief Accounting Officer effective Dec 5, 2025
Daniel G. Demases to replace William B. Noon as Chief Accounting Officer effective December 5, 2025.
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V2X Q3 Record Revenue $1.17B, Adj. EPS $1.37; Raises FY Guidance, Acquires Intel Biz
Record revenue $1.17B (+8% y/y); net income $24.6M; diluted EPS $0.77.
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V2X board resignations of Ransom, Evangelakos; Farnsworth appointed director
Jordan Ransom and Lee Evangelakos resigned as directors effective Aug 14, 2025, triggered by Vertex Aerospace share sale.
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V2X secondary offering of 2M shares; selling shareholder loses governance rights
Selling shareholder Vertex Aerospace Holdco sold 2,000,000 shares; V2X repurchased 200,000 shares at same price.
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V2X Q2 adjusted EPS $1.33 (+59% y/y); raises FY2025 adjusted EPS guidance
Revenue of $1.08B; GAAP diluted EPS $0.70; adjusted diluted EPS $1.33, up 59% YoY.
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Selling shareholder offers 2M shares of V2X common stock; company receives no proceeds
Vertex Aerospace Holdco LLC offered 2,000,000 shares of V2X common stock (plus 300,000 option) in underwritten public offering.
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V2X authorizes $100M share repurchase; annual meeting votes pass
Board authorized up to $100M in common stock buybacks over three years ending May 12, 2028.
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V2X Q1 revenue $1.02B, adjusted net income +10% y/y; reaffirms FY guidance
Revenue $1.02B; Indo-Pacific region grew 10% y/y.
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V2X LOGCAP V task orders extended through June 2030 by Army
U.S. Army announced on April 17, 2025 extension of current performance period for LOGCAP V task orders with V2X.
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V2X subsidiary refinances $237.5M term loans and $500M revolver, maturing 2030
New $237.5M term loans and $500M revolving credit commitments, both maturing March 31, 2030.
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V2X reports record Q4 revenue $1.16B, up 11% YoY; diluted EPS $0.78, adjusted $1.33
Record Q4 revenue of $1.16B, up 11% YoY; Indo-Pacific revenue grew 27% YoY.
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V2X refinances $900M first lien term loans, extends maturity to Dec 2030
Amendment No. 5 to First Lien Credit Agreement creates new $899.8M term loans maturing Dec 6, 2030.
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V2X announces secondary offering of 2.5M shares by Vertex Aerospace Holdco; company receives no proceeds
Secondary public offering of 2,500,000 shares of V2X common stock by selling stockholder Vertex Aerospace Holdco LLC.
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V2X Q3 record revenue $1.08B (+8% YoY), record net income, raises FY guidance midpoint
Revenue $1.08B (+8% YoY); record net income $15.1M (up $21.5M YoY); adjusted EBITDA $82.7M (+28% YoY), margin 7.6%.
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Underwriters exercise overallotment option for 300K shares of V2X common stock; offering closed Sept 12
Underwriters exercised option to purchase 300,000 additional shares from Vertex Aerospace Holdco LLC, the selling stockholder.
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V2X discloses secondary offering of 2M shares by Vertex Aerospace Holdco LLC
Underwriting agreement dated Sept 4, 2024 for sale of 2,000,000 shares by selling stockholder Vertex Aerospace Holdco LLC.
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V2X Q2 record revenue $1.07B (+10% YoY), raises full-year revenue guidance
Record Q2 revenue $1.07B, up 10% YoY; net loss $6.5M vs prior year.
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V2X director Chuck Prow resigns effective June 16, following previously announced CEO separation
Charles L. Prow resigned as Class I Director, effective June 16, 2024.
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V2X refinances $906.6M term loans; new loans mature 2030
New term loans of $906.6M replace existing term loans; maturity extended to Dec 6, 2030.
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V2X appoints Jeremy Wensinger as President and CEO, succeeding Chuck Prow effective June 17, 2024
Wensinger, former COO of Peraton, brings 35 years of defense and government services experience.
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V2X shareholders elect four Class I directors and ratify auditor at 2024 annual meeting
Dino M. Cusumano elected as Class I director with 26,033,764 votes for, 3,217,610 against.
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V2X Q1 revenue up 7.1% to $1.01B; reaffirms FY2024 guidance
Revenue $1.01B, +7.1% YoY; net income $1.1M vs. loss of $17.5M a year ago.
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V2X reports Q4 record revenue of $1.04B, up 6.4% YoY; guides FY2024 revenue growth 5%
Q4 revenue record $1.04B (+6.4% YoY); GAAP EPS ($0.02), adjusted EPS $1.22.
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V2X SVP William W. Beard retires effective Jan 12, 2024; separation agreement pending
William W. Beard, Senior Vice President, Aerospace Solutions, retired from V2X effective January 12, 2024.
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V2X Q3 revenue $1.0B (+4.5% YoY); cuts adjusted EBITDA and EPS guidance for FY2023
Revenue $1.0B record, up 4.5% YoY; backlog $13.3B all-time high.
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V2X subsidiary refinances $911.125M term loans, extends maturity to Dec 2028
New term loans of $911,125,000 replace all existing term loans under the First Lien Credit Agreement.
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V2X appoints Shawn Mural as CFO, replacing retiring Susan Lynch
Shawn Mural named SVP and CFO effective Oct 2, 2023; Susan Lynch retired Sept 28.
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V2X reports Q2 2023 revenue $977.9M (+10.2% pro forma); raises FY2023 guidance
Revenue $977.9M (+10.2% pro forma YoY); adjusted EBITDA $76.4M (7.8% margin).
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V2X Q1 revenue $943.5M (+12% pro forma YoY), adj. EPS $0.80, reaffirms FY2023 guidance
Q1 revenue $943.5M up 12% pro forma YoY; Pacific revenue surged ~300% YoY.
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V2X Q4 revenue up 20% pro forma to $978M; guides 2023 revenue $3.85B mid-point
Q4 revenue $978.2M (+20% pro forma YoY); adjusted EBITDA $79.3M (8.1% margin).
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V2X subsidiary enters $750M credit facility to refinance existing debt
$250M term loan A and $500M revolving credit facility, maturing Feb 28, 2028.
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V2X sets 2023 annual meeting for May 4, revises shareholder proposal deadlines
2023 Annual Meeting to be held virtually on May 4, 2023.
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V2X Q3 revenue $958M, adjusted EBITDA $79M; raises 2H guidance midpoint
Q3 revenue $958.2M; pro forma revenue $961.3M (+10% YoY).
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V2X shareholders approve 893,000-share increase to incentive plan at annual meeting
Shareholders approved second amendment to 2014 Omnibus Incentive Plan, adding 893,000 shares for issuance.
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V2X files audited financials for Vertex Aerospace and Raytheon training unit acquisition
Vertex Aerospace 2021 revenue $813M, net income $11.6M, total assets $1.59B.
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V2X sets 2022 annual meeting for Oct 27, announces shareholder proposal deadlines
2022 annual meeting set for Oct 27, 2022; record date Sept 2, 2022.
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V2X reports Q2 standalone revenue $498M (+6% YoY); closes Vertex merger, sets 2H22 guidance
Standalone Q2 rev $498M (+6% YoY); op income $15M (incl $5.9M M&A costs); adj EBITDA $24.7M (5.0% margin).
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V2X (fka Vectrus) completes Vertex merger; new ticker VVX; AIP owns 58%
Completed merger with Vertex Aerospace; issued 18,591,866 shares to former Vertex holders.
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Vectrus shareholders approve merger with Vertex; combined company to be renamed V2X, trade as VVX
Share issuance proposal approved: 9,567,758 for, 498,620 against; charter amendment also approved.
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Vectrus Q1 revenue up 5.2% to $456.5M; adj. EPS $1.01; reiterates FY22 guidance
Revenue $456.5M, +5.2% YoY; adjusted EBITDA $18.2M (4.0% margin) vs 4.8% prior year.
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Vectrus to merge with Vertex in all-stock deal valued at ~$2.6B; Vertex owners to hold 62%
All-stock merger valued at ~$2.6B enterprise value; Vertex shareholders will own ~62% of combined company.
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Vectrus to merge with Vertex in all-stock deal; pro forma revenue ~$3.4B
Vertex shareholders to own ~62% of combined company; Vectrus shareholders ~38%; AIP to own ~58%.
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Vectrus reports FY2021 revenue up 28% to $1.78B, announces definitive merger with Vertex
FY2021 revenue $1.784B (+28% YoY); organic growth 10%; adjusted EBITDA margin 4.7%.