Vectrus announces contract modification at Maxwell AFB

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Nov 21, 2016, 04:30 ET

COLORADO SPRINGS, Colo., Nov. 21, 2016 /PRNewswire/ -- Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, Inc. (NYSE: VEC), has been awarded a $20 million modification for continued base operations support at Maxwell Air Force Base-Gunter Annex, Ala. This modification is expected to be completed by May 14, 2017.

"Our past performance on Maxwell is strong, and this modification provides an opportunity for Vectrus to continue our excellent performance, and increase our track record of success with this customer," said Ken Hunzeker, chief executive officer and president of Vectrus.

The contract, initially awarded in 2009, was extended in May 2015. At that time, Vectrus was awarded a bridge contract extension at the air force base worth $62 million. The one-year bridge ran through May 2016 and had the potential for an additional two, three-month option periods, which were exercised.

Vectrus provides day-to-day base operations and maintenance at the air base. The 42^nd Contracting Squadron, Maxwell AFB, Ala., is the contracting activity.

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 6,000 employees spanning 132 locations in 18 countries. In 2015, 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.