V2X Secures $500M Air Force Contract for C-12 Huron Fleet Support
On August 4, V2X Inc. (NYSE:VVX) announced a multi-year contract worth up to $500 million from the U.S. Air Force to maintain and support its C-12 Huron fleet through June 2031. The deal builds on existing work where V2X has maintained high mission capability rates above 95%, earning strong performance reviews under the Air Force's contractor evaluation system. The contract award followed a strong Q2 report for V2X, with revenue rising to $1.26 billion—a 17% year-over-year increase—and adjusted diluted earnings per share climbing by 23%. The company also raised its full-year guidance and reported improved financials, including reduced net debt of $876.1 million as of July 2026. Despite the positive developments, V2X operates on thin margins with an EBITDA margin of just 7.1% for Q2. The new contract is structured as a firm fixed price agreement, meaning any cost overruns will fall to V2X rather than the Air Force.
Tickers: $VVX
Topics: air_force defense maintenance_services