:

Business/Financial

Vectrus, Vertex Merging To Create $3.4 Billion Defense Services Company

By Cal Biesecker

Monday, March 7th, 2022

SHARE:

Vectrus, Vertex Merging To Create $3.4 Billion Defense Services Company

Chuck Prow, president and CEO of Vectrus, will be CEO of the new company. Photo: Vectrus

Government services and mission solutions contractors Vectrus, Inc. [VEC] and The Vertex Company on Monday said they have agreed to combine to create a $3.4 billion company that provides a comprehensive suite of offerings to government and defense customers worldwide. The transaction is expected to close during the third quarter subject to approvals by regulators and Vectrus’ shareholders. Under terms of the all-stock merger, Vertex shareholders will own about 62 percent of the company and Vectrus shareholders 38 percent. The…

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]

Congress

McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”

Two top GOP senators on the Senate Appropriations Committee are opposing a third reconciliation bill. The Trump administration’s total $1.5 trillion fiscal year 2027 defense request is split between $1.15 […]

Congress

HASC’s Final FY ‘27 NDAA Expands Systems Eligible For Multi-Years, Includes LTAMDS, IBCS, ARRW

House defense authorizers added a measure to their version of the next defense policy bill that would expand the list of weapons platforms eligible for multi-year contracts, to include the […]

Congress

HASC Bill Would Allow Air Force To Buy More Than 267 F-15EXs

The House Armed Services Committee’s (HASC) fiscal 2027 defense authorization bill would allow the Air Force to buy more than 267 F-15EX fighters by Boeing [BA] and would extend the […]