V2X, Inc. (VVX), Monday announced that the company has secured a $103 million contract by the U.S. Navy for Contractor Logistics Support maintenance of C-26 aircraft, including aircraft engineering, upgrades maintenance and modifications.
The company added that the contract signifies Navy's continued confidence in V2X's ability to deliver mission-capable aircraft with exceptional performance.
The firm-fixed-price contract is expected to begin in June 2025.
In the pre-market hours, V2X's stock is trading at $49.81 on the New York Stock Exchange.
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