V2X, Inc.

V2X, Inc. provides mission support and modernization services for defense, national security, civilian, and international customers. The company operates as a single segment and delivers integrated capabilities across readiness, logistics, communications, mission solutions, and platform sustainment from a global footprint spanning 49 countries and territories.

4,7 %

8,3 %

1,7 %

+3,7 %

1.22

1.17

— V2X, Inc.
%
High Impact Readiness25% Training, simulation, and readiness support that helps military users prepare personnel and systems for missions.
Integrated Supply Chain Management20% Warehousing, distribution, deployment, and logistics services that keep mission-critical operations supplied.
Assured Communications15% Communications and IT support services for secure, reliable operations in defense environments.
Mission Solutions20% Integrated support services tailored to national security, defense, civilian, and international customers.
Platform Renewal and Modernization20% Maintenance, sustainment, upgrades, and life-extension work for military platforms and systems.

V2X primarily serves the U.S. Department of Defense, with the U.S. Army identified as its largest customer, and it also...

  • U.S. Department of Defenseprimary

    Buys mission support, readiness, logistics, and modernization services for military operations.

  • U.S. Armyprimary

    Buys a large share of the company's services, especially readiness, sustainment, and support programs.

  • Other U.S. government customerssecondary

    Buy specialized support services for defense and national security missions.

  • International and foreign government customerssecondary

    Buy training, simulation, and support services adapted to local defense needs.

  • Civilian customersemerging

    Buy communications, logistics, and mission support capabilities for operational environments.

V2X operates globally across 349 locations in 49 countries and territories, with a footprint spanning seven continents...

  • •Operations span 349 locations across 49 countries and territories
  • •The United States is the primary revenue base and contract center
  • •Middle East programs add exposure to overseas defense demand
  • •Asia and Europe contribute smaller but meaningful international revenue
  • •Global footprint supports deployed services near customer sites

V2X is focused on full-lifecycle mission support that improves readiness, lowers customer cost, and extends the utility...

01
Win and retain long-duration defense contractsshort-term

The business depends on large, recurring government programs and recompetes.

02
Expand technology-enabled readiness and training offeringsmedium-term

Simulation and remote learning can differentiate services and improve mission outcomes.

03
Broaden international footprintmedium-term

A wider global presence can open new defense and government opportunities beyond the U.S.

V2X is exposed to U.S. government budget cycles, contract recompete risk, and concentration in a small number of large...

high

Government funding and procurement risk

Revenue depends heavily on U.S. defense budgets and acquisition decisions.

Scope
U.S. Department of Defense programs
Materiality
high
high

Contract concentration and recompete risk

Loss or downsizing of a major contract can materially affect revenue and cash flow.

Scope
Large long-duration government contracts
Materiality
high
high

Cybersecurity and information security risk

The company handles controlled unclassified and sensitive government information.

Scope
Internal IT systems and customer-operated networks
Materiality
high
medium

Labor availability and retention risk

Programs require qualified personnel and subcontract labor to meet contract terms.

Scope
Technical, logistics, and field support roles
Materiality
medium
medium

Geopolitical and overseas operating risk

International programs can be affected by regional instability and access constraints.

Scope
Middle East, Asia, and Europe operations
Materiality
medium
Revenue recognition on long-term contracts
Affects revenue timing, margins, and quarter-to-quarter comparability
Unbilled receivables and billing timing
Affects operating cash flow and balance sheet receivables
Goodwill and intangible asset impairment
Could create non-cash charges if program values decline
Income tax estimates
Affects effective tax rate and net income

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: 29/04/2026