V2X, Inc. (NYSE: VVX) has been awarded a position on the Air Force Life Cycle Management Center’s Automated Test Systems Division Multiple Award Indefinite Delivery, Indefinite Quantity (IDIQ) contract, a potential $980 million ceiling that will provide a five‑year base ordering period with an option to extend for an additional five years. The award expands V2X’s footprint in the Air Force sustainment ecosystem and reinforces its strategic focus on mission‑critical test and training solutions for both U.S. and foreign military customers.
The contract will enable V2X to deliver rapid, full‑lifecycle support for the division’s automated test systems, which are used to sustain a wide array of aircraft platforms—including fighters, bombers, cargo/airlift/tanker aircraft, unmanned aerial vehicles, and helicopters. Users of the test systems include the U.S. Air Force, Air Force Reserve, Air National Guard, the F‑35 Joint Strike Fighter program, and Foreign Military Sales customers, positioning V2X at the heart of the Air Force’s readiness infrastructure.
V2X’s award follows a recent $425 million, 10‑year contract to modernize F‑16 cockpit displays announced on December 1 2025, underscoring the company’s growing presence in defense sustainment. The new IDIQ contract adds a long‑term revenue stream that complements the firm’s existing portfolio of high‑margin test and training solutions.
V2X reported record Q3 2025 revenue of $1.17 billion, up 10% from the prior quarter and beating analyst expectations of $1.13 billion. Adjusted earnings per share of $1.37 surpassed the consensus estimate of $1.22, a beat of $0.15 or 12%. The earnings outperformance was driven by strong demand for V2X’s core test and training solutions, disciplined cost management, and a favorable mix of high‑margin government contracts. CEO Jeremy C. Wensinger noted that “the award reinforces our strategic focus on mission‑critical test and training solutions,” highlighting the company’s confidence in sustaining growth through its expanding contract portfolio.
The IDIQ contract’s five‑year base and option provide V2X with a predictable, long‑term revenue stream that will help the company maintain its execution momentum. By securing a position on a high‑value, multi‑year contract, V2X strengthens its competitive advantage in the defense services market and positions itself to capture recurring revenue from a broad portfolio of test systems. The award also signals continued confidence from the Air Force in V2X’s ability to deliver complex sustainment solutions at scale.
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