Vectrus Secures Two Air Force Contract Augmentation Program V Task Orders Valued $40M

July 15, 2021 3:29 PM | 1 min read | Make a Comment

Vectrus Inc VEC has been awarded two new firm-fixed-price task orders valued at $40 million to provide installation and other support services to the U.S. Air Force.
The task orders were awarded under the Air Force Contract Augmentation Program V, or AFCAP V, which is a $6.4 billion IDIQ contract vehicle.
The company says these recent wins build on their AFCAP successes announced in the first quarter and demonstrate Vectrus’s ability to support clients’ contingency and humanitarian support requirements with a full range of facilities and logistical services across the globe.
Price action: VEC shares traded higher by 0.31% at $44.94 on the last check Thursday.

Posted In: News Contracts Small Cap Briefs US Air Force

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.