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V2X
V2X launched in July 2022 from the all-stock merger of Vectrus and The Vertex Company, two providers with multi-decade incumbencies inside US defense...
V2X
V2X launched in July 2022 from the all-stock merger of Vectrus and The Vertex Company, two providers with multi-decade incumbencies inside US defense logistics. Vectrus brought a fixed-price logistics backbone trained on Army and Navy CONUS/OCONUS installations; Vertex contributed complex aviation and aerospace sustainment work through its legacy as L3Harris Technologies' services division. The combination created a mid-tier publicly traded contractor (NYSE: VVX) concentrated in operations-and-maintenance outsourcing, base support, and readiness engineering for the Department of Defense and allied governments. The firm's revenue base draws from cost-plus and fixed-price contracts across logistics support, asset management, supply-chain sustainment, and C5ISR services. V2X runs airfield operations, equipment maintenance, training-range management, and IT network hardening for clients that include US European Command, AFRICOM, and CENTCOM. While the company does not take equity stakes in private enterprises, its competitive moat resides in government procurement durability — multi-year Indefinite Delivery/Indefinite Quantity vehicles and contract re-compete wins supply a visible backlog. Geographic delivery spans the Middle East, Central Europe, the Pacific, and the continental United States. V2X employs roughly 16,000 personnel, with Chuck Prow as CEO and Jeremy Wensinger retiring from the COO role in 2024. In January 2025, the board appointed former Leidos executive Paul B. Bogart as Chief Growth Officer to accelerate organic business development and capture rate on new-award pipeline. The firm operates adjacent to the defense-industrial primes without competing for major platform manufacture; instead it layers workforce-heavy sustainment on top of platforms built by Lockheed Martin, Boeing, and Northrop Grumman. What structurally distinguishes V2X is its pure-play services posture inside a sector dominated by product manufacturers. The company doesn't build jets or missiles; it holds the contracts to maintain them, manage the bases they fly from, and run the digital backbone connecting theater operations — translating labor-market depth into a recurring-revenue model with regulated competition. This makes V2X a barrier-to-entry business inside the outsourced readiness layer, where technical certifications, security clearances, and incumbency data form a defensible bundle.
General information
Firm type
Asset Manager
Year founded
2022
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Reston
Corporate office
Reston, VA, United States
Principals
Chuck Prow
President and Chief Executive Officer
Sector focus
Frequently asked questions
What was the corporate origin of V2X?
V2X was formed in July 2022 through the all-stock merger of Vectrus, Inc. and The Vertex Company. Vectrus had been spun out of Exelis in 2014 as a pure-play military logistics contractor; Vertex operated as the aerospace-services division of L3Harris Technologies before being combined. The combined entity trades on the NYSE under ticker VVX.
How does V2X generate revenue?
V2X earns revenue almost entirely through US government contracts, primarily with the Department of Defense. Its work is delivered via cost-plus-fee, fixed-price, and time-and-materials contract structures across logistics, aviation maintenance, base operations support, and C5ISR services. Backlog from multi-year IDIQ vehicles provides forward revenue visibility.
Does V2X make direct investments in private companies?
No. V2X is an operating company and government contractor, not an investment firm. While it occasionally acquires other services companies — the Vertex merger being the transformational example — it does not operate as a venture capital or private equity vehicle and does not take equity stakes in startups or portfolio companies.
Who are V2X's primary government clients?
V2X's largest client is the US Department of Defense, with significant contract exposure to the Army, Navy, and Air Force. Specific combatant commands served include US European Command (EUCOM), Africa Command (AFRICOM), and Central Command (CENTCOM). The firm also performs work for allied governments and select non-defense federal agencies.
How does V2X differ from prime defense contractors?
Unlike primes such as Lockheed Martin or Northrop Grumman, V2X does not manufacture major weapons platforms. It focuses on sustainment — maintaining aircraft, managing military bases, running logistics networks, and hardening IT systems on platforms built by others. This services-only model yields lower capital intensity and a revenue stream tied to readiness spending cycles rather than new-program acquisition budgets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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