Vectrus Explained

Vectrus is an American defense contractor. They are one of the largest federal contractors.

Overview

Vectrus is a defense contractor based in Colorado Springs, Colorado.^[1] Vectrus is publicly traded and is listed on the New York Stock Exchange.^[2]

History

Vectrus was spun off from Exelis Inc. in 2014.^[1] Exelis itself was spun off from ITT Corp. in 2011.^{[2] [3]}

In 2019, they won a $1.38 billion US Army contract to provide logistical service in the Middle East and Asia.^[1]

In 2022 the company became V2X.

Leadership

Chuck Prow is the chief executive officer of Vectrus.^[4]

Notes and References

1. Web site: Heilman . Wayne . Vectrus stock surges on $1.38 billion contract award . gazette.com . The Gazette . 3 January 2021.
2. Web site: Harden . Mark . Exelis completes spinoff of Colorado-based unit . www.bizjournals.com . Biz Journals . 3 January 2021.
3. Web site: Cornell . Joe . Exelis To Spin-Off Vectrus On September 27 . Forbes . 3 January 2021.
4. Web site: Censer . Marjorie . Vectrus CEO says company is working on LOGCAP V transition -- but COVID-19 may alter timeline . insidedefense.com . Inside Defense . 3 January 2021.