In addition, Vectrus Systems Corporation has been awarded a more than $22 million modification to the previously awarded Turkey-Spain Base Maintenance Contract (TSBMC) to support the contingency personnel surge for Operation Inherent Resolve. Work will be performed at Incirlik Air Base, Turkey, and is expected to be complete by March 27, 2017. The Air Force Installation Contracting Agency, Kapaun Air Station, Germany, is the contracting activity.
"The $22 million contract modification is a continuation of an August 2015, modification to the TSBMC worth nearly $12 million to provide support to Operation Inherent Resolve," said Hunzeker.
"These modifications are longer in duration, with higher funding than our last modifications, which provides greater revenue and cash flow visibility, while adding to funded backlog," said Matt Klein, chief financial officer at Vectrus. "We considered the potential for these modifications and factored them into our 2016 guidance ranges."
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 infrastructure asset management, information technology and network communication services, and logistics and supply chain management 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 more than 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 http://www.vectrus.com or connect with us on Facebook, Twitter, LinkedIn, and YouTube.
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