COLORADO SPRINGS, Colo.,
May 15, 2020 /PRNewswire/
-- Vectrus Systems Corporation, a wholly-owned subsidiary of
Vectrus, Inc. (NYSE: VEC), announced today that it was awarded a
new $45 million fixed-price contract
to provide base operations support services at Naval Support
Facility Deveselu, Romania. The
contract extends through May 2028,
including all option periods. This award further expands Vectrus'
footprint in Eastern Europe and
increases the company's overall position in Europe to eight countries.
"We are proud to have been selected by the U.S. Navy as the
converged infrastructure provider of choice to support this
strategically important facility," said Chuck Prow, president and chief executive
officer of Vectrus. "Deveselu is the first Aegis Ashore Missile
Defense Facility that was placed into operation and provides
critical support to NATO's overall ballistic missile defense
Under the contract, Vectrus will provide various base operations
support services, including fire and emergency services, emergency
management, materials management, supply services, facility
management, facility investment, custodial, utility management,
electrical, wastewater, water, transportation services, and
"The Deveselu award is our third new contract win with the Navy
in 2020 and typifies how our customized growth campaigns, which
leverage our exemplary program execution, are expanding our base
and adding value," said Prow. "Our revenue base with the Navy grew
45 percent in 2019 as a direct result of our targeted campaign with
this important client."
Prow concluded, "This award's contract structure demonstrates
how Vectrus plans to increase the fixed price component of our
revenue mix, allowing us to apply our program phase-in process
discipline and technology enhancements to ultimately lead to higher
margin and better client outcomes. We are honored to be a part of
such an important mission and look forward to supporting our client
with exceptional performance."
For information on career opportunities associated with Deveselu
as well as other Vectrus programs, please visit
Vectrus is a leading provider of global service solutions with
a history in the services market that dates back more than 70
years. The company provides facility and base operations; supply
chain and logistics services; information technology mission
support; and engineering and digital technology services primarily
to U.S. government customers around the world. Vectrus is
differentiated by operational excellence, superior program
performance, a history of long-term customer relationships and a
strong commitment to its clients' mission success. Vectrus is
headquartered in Colorado Springs,
Colo., and includes about 7,200 employees spanning 148
locations in 26 countries and territories across four continents.
In 2019, Vectrus generated sales of $1.4
billion. To learn about career opportunities at Vectrus,
visit www.vectrus.com/careers. For more information, visit the
company's website at www.vectrus.com or connect with Vectrus
on Facebook, Twitter, and LinkedIn.
Mike Smith, CFA
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SOURCE Vectrus, Inc.