V2X, Inc. (VVX) Receives Foreign Military Sales Contract To Support Iraq's F-16 Program

V2X, Inc. (NYSE:VVX) is among the 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. On June 30, the company announced that it had received a new foreign military sales contract to support Iraq’s F-16 program.

The initial contract is valued at $118 million to support an immediate start with full definitization before the end of the ongoing calendar year. The full period of the contract is expected to be five years. Work includes comprehensive base operations and life support services, among other operations.

Ken Shreves, Senior Vice President of Mission Support at V2X, Inc. (NYSE:VVX) stated the following at the award:

“We are honored to have been selected to deliver this critical strategic capability to the Iraqi Air Force in this high-stakes environment.”

Jeremy C. Wensinger, President and CEO, added:

“This award reflects our ability to leverage a broad portfolio of capabilities and our global footprint into larger and more strategic opportunities. Foreign military sales and international markets represent a significant and growing area of opportunity for V2X.”

V2X, Inc. (NYSE:VVX) is a leading provider of critical mission solutions and support services to defense clients in over 50 countries and territories.

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Disclosure: None.