V2X (VVX)
Runs readiness, logistics, communications, and platform-modernization programs for defense missions.
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Provides global mission support to defense and government customers through readiness, supply-chain, communications, mission-solutions, and platform-modernization contracts. Operates as one segment, with most revenue tied to U.S. government budgets, competitive awards, and contract execution.
Provides multi-domain high-impact readiness, integrated supply-chain management, assured communications, mission solutions, and platform renewal and modernization for defense, national-security, civilian, and international customers. Work ranges from training systems and deployed logistics to network lifecycle support, cybersecurity, infrastructure sustainment, aviation maintenance, and platform upgrades.
Operates worldwide as a single reportable segment, combining engineering, supply-chain, manufacturing, repair, and field-service capabilities. Executes complex, long-duration programs across dispersed and sometimes austere locations.
Generates the substantial majority of revenue from U.S. government customers, with the Army and Navy as the largest named customer groups. Results depend on appropriations, competitive awards and recompetes, program timing, contract-cost execution, qualified staffing, supplier performance, security clearances, and compliance with procurement, audit, export-control, cybersecurity, and classified-information rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $80 | Target: $90 |
| Aug 4, 2026 | Truist Financial | Target | Target: $65 | Target: $85 |
| Aug 4, 2026 | Stifel Nicolaus | Target | Target: $79 | Target: $102 |
| Aug 4, 2026 | Baird | Downgrade | ||
| Jun 24, 2026 | Raymond James | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 3, 2026Cash & short-term investments $214.3M · Total debt $1.06B · Total assets $3.20B · Shareholders' equity $1.13B
- Revenue
- $1.26B
- Operating income
- $53.8M
- Net income
- $25.5M
No dividends on record.
| Institutions | ≈ 98.84% | 30.98M shares | |
|---|---|---|---|
| 341 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 19.25% | 6.04M shares | |
| 19 holders · as of Aug 27, 2026 | |||
| Adds to | 118.09% | ||
31.35M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 118.09%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Dino M. CusumanoInsiderdirector | 18.34% | 5.75M | filed Nov 17, 2025 |
FMR LLCInstitution | 14.08% | 4.41M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.12% | 2.54M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.59% | 1.75M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.11% | 1.60M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Jeremy John Nance | officer: SVP and General Counsel | −3,500 | $82.01 |
| Aug 11, 2026 | Melvin Parker | director | −5,000 | $81.41 |
| Mar 12, 2026 | American Industrial Partners Capital Fund VI, L.P. | 10 percent owner | −2,545,432 | $68.21 |
| Dec 11, 2025 | American Industrial Partners Capital Fund VI, L.P. | 10 percent owner | −1,200,000 | $55.05 |
| Nov 13, 2025 | American Industrial Partners Capital Fund VI, L.P. | 10 percent owner | −2,250,000 | $55.00 |
- Amentum
Broad mission-services peer across logistics, engineering, and readiness.
- Leidos
Defense IT and mission-support peer with larger digital scale.
- Science Applications International
Federal tech-services peer across engineering, IT, and training.
- KBR
Mission-technology peer in logistics, readiness, and deployed support.
- General Dynamics
Defense-prime peer through GDIT and mission-systems services.
- Northrop Grumman
Defense-prime peer in mission systems, cyber, and sustainment.
- AAR
Aviation-services peer in MRO, parts, and government logistics.
- Fluor
Mission-solutions peer in government logistics and infrastructure.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| V2X | $74.97 | −2.98% | $2.42B | 26.6 | 11.6 | 0.5 | +16.5% |
| Amentum | $19.78 | −0.63% | $4.86B | 24.0 | 7.8 | 0.3 | −2.0% |
| Leidos | $124.22 | −3.13% | $16.13B | 12.0 | 10.3 | 0.9 | +7.2% |
| Science Applications International | $130.64 | −2.03% | $5.64B | 15.6 | 12.8 | 0.8 | +6.3% |
| KBR | $35.55 | −0.55% | $4.51B | 10.8 | 8.6 | 0.6 | +1.6% |
| General Dynamics | $345.25 | −2.44% | $95.75B | 21.6 | 19.7 | 1.7 | +8.1% |
| Northrop Grumman | $511.75 | −2.83% | $74.82B | 16.7 | 17.5 | 1.7 | +5.1% |
| AAR | $117.28 | +0.88% | $4.64B | 23.9 | 20.4 | 1.4 | +23.0% |
| Fluor | $54.42 | −0.58% | $7.65B | — | 16.8 | 0.5 | +8.8% |
| Median | 16.7 | 14.8 | 0.8 | +6.7% |