Despite the loss, Vectrus remains well positioned to respond to customer needs in the region and has a history of providing superior and affordable solutions that goes back to 1945.
At this time, the company is not revising its financial guidance for the year ending Dec. 31, 2016. Vectrus guidance for 2016 assumed various factors and the loss of APS-5 does not impact the previously issued ranges. The APS-5 contracts contributed $93 million of revenue through June 2016.
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 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.
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SOURCE Vectrus, Inc.