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The business of defense

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Company

V2X, Inc.

V2X provides mission solutions primarily to defense customers, working in 349 locations and 49 countries and territories. ↗

HeadquartersReston, VA ↗
LeadershipJeremy Wensinger, President and CEO ↗; Shawn Mural, CFO ↗; Mary Howell, Chair ↗
Employees16,200 ↗
Revenue$4.5 billion (fiscal 2025) ↗
U.S. government shareThe substantial majority of V2X revenue comes from the U.S. government ↗
Department of War obligations$13.0 billion in prime contracts since fiscal 2022 ↗
SharesVVX ↗

Products

  • High Impact Readiness is V2X's training offering, covering synthetic training environments, simulators and live training systems. ↗
  • Integrated Supply Chain Management covers rapid response and deployment, warehouse management, distribution and logistics. ↗
  • Assured Communications covers network management, installation and information assurance, plus multi-sensor systems for border security. ↗
  • Mission Solutions covers logistics, infrastructure sustainment and contingency operations, including airfield management. ↗
  • Platform Renewal and Modernization covers maintenance, repair and sustainment of aircraft and ground platforms, supporting about 1,690 aircraft. ↗
  • V2X is one of four award recipients of the Army's LOGCAP V contract and holds task orders including Kuwait, Iraq and INDOPACOM. ↗
  • V2X runs the Army's Warfighter Training Readiness Solutions program for training systems sustainment worldwide. ↗

Customers

  • The Army was V2X's largest customer in 2025, at $1.83 billion of revenue. ↗
  • The Navy accounted for $1.48 billion of V2X revenue in 2025. ↗
  • The Air Force accounted for $571 million of V2X revenue in 2025. ↗

Deals since 2020

Aug 202511

V2X buys QinetiQ U.S. Intelligence business

Seller: QinetiQ

A provider of data engineering, intelligence mission support, and cyber solutions for the Intelligence Community

IT and government servicescyberintelligence communitySource
$24 millionClosed Sep 22, 2025
Mar 202207

Vectrus merges with Vertex

Seller: Vertex shareholders, majority owned by American Industrial Partners Capital Fund VI LP

The Vertex Company, which delivers integrated turnkey lifecycle support including aviation maintenance, contractor logistics support, systems engineering and integration, and training programs for defense and commercial customers

IT and government servicesMRO and sustainmenttraining and simulationSource
$2.1 billionClosed Jul 5, 2022
Dec 202031

Vectrus buys HHB

A provider of high-end solutions for facilities management, logistics, engineering, enterprise operations and asset management solutions for supporting intelligence community projects

intelligence communityIT and government servicesSource
$16 millionClosed Dec 31, 2020
Dec 202028

Vectrus buys Zenetex

Seller: ZTX Holdings

A provider of technical and strategic solutions focused on enabling mission readiness, performance, and enhanced protection for defense and national security clients globally

IT and government servicesMRO and sustainmentintelligence communitySource
$125 millionClosed Dec 31, 2020

The deal tracker

Segments

  • V2X reports as a single segment. ↗

Earnings

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