COLORADO SPRINGS, Colo.,
Feb. 20, 2018 /PRNewswire/
-- Vectrus Systems Corporation, a wholly-owned subsidiary of
Vectrus, Inc. (NYSE: VEC), announced the win of a new $108 million U.S. Army contract to provide all
personnel, equipment, supplies, transportation, tools, materials,
supervision, and other items and non-personal services associated
with the Kuwait Dining Facilities (DFAC 3.0) mission. The contract
is a hybrid cost-plus-fixed-fee with
performance-based-incentive-fee and has a potential five year
period of performance.
"We are exceptionally proud to have been selected by the Army to
provide our warfighters with flexible, efficient, and cost
effective food service support," said Chuck
Prow, president and chief executive officer of Vectrus. "The
DFAC 3.0 win is a great example of our strategy in action as it
expands our base business, while further positioning Vectrus as a
leading provider of facilities and logistics services to the DoD in
the CENTCOM area of responsibility."
Under the contract, Vectrus will provide continuous operation of
nine dining facility locations in Kuwait at Camp Arifjan, Camp Buehring,
Kuwait Naval Base, Ali Al Salem
Air Base, and Mubarak Air Base.
"Our team did a fantastic job developing a thoughtful,
innovative, and cost-effective solution that provides our client
with full service food operations 24-hours a day, 7 days a week,"
explained Prow. "Furthermore, this new work improves our overall
revenue visibility in 2018 and should add over $20 million annually through February 2023."
For information on career opportunities associated with DFAC 3.0
as well as other Vectrus programs, please visit
www.vectrus.com/careers.
Contact:
Mike Smith,
CFA
|
719-637-5773
|
michael.smith@vectrus.com
|
About Vectrus
Vectrus is a leading, global government services company with a
history in the services market that dates back more than 70 years.
The company provides facility and logistics services, and
information technology and network communication services 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 their mission success. Vectrus is
headquartered in Colorado Springs,
Colo., and includes about 5,600 employees spanning 143
locations in 18 countries. In 2016, Vectrus generated sales of
$1.2 billion. For more information,
visit our website at www.vectrus.com or connect with us on
Facebook, Twitter, LinkedIn, and YouTube.
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SOURCE Vectrus, Inc.