Vectrus-Vertex finalize merger

UPDATE July 5

McLEAN, Va. – V2X Inc. announced July 5 the successful completion of Vectrus’ combination with The Vertex Company (Madison, Miss.), creating a leading provider of critical mission solutions and support to defense clients globally. In connection with the closing, the Company was renamed V2X, Inc. The company will continue to trade on the New York Stock Exchange under the ticker “VEC” through July 7. Beginning at the open of business on July 8, V2X’s common stock will trade under the ticker symbol “VVX”. V2X offers clients around the world a broad suite of technology and service capabilities to support national security readiness and modernization initiatives. As a larger, more diversified company, V2X delivers a comprehensive set of integrated solutions and critical service offerings across the operations and logistics, aerospace, training and technology markets to national security, defense, civilian and international clients. (V2X 07/05/22) Media - The Vertex Company (vtxco.com)

COLORADO SPRINGS, Colo. - Vectrus Inc. (VEC) announced June 15 that shareholders voted to approve a merger with the Madison, Miss.-based Vertex corporation. Following the transaction, the combo-company will be renamed V2X Inc. and will trade on the NYSE under “VVX”. The shareholders' approval "marks a significant step toward completing our merger with Vertex and creating one of the leading providers of critical mission solutions and support to defense clients globally,” said Chuck Prow, CEO of Vectrus. Under terms of the merger, Vertex shareholders will own about 62% of the company on a fully diluted basis, while Vectrus shareholders will own about 38%. The merger is expected to close in the third quarter of 2022. It remains subject to satisfaction of customary closing conditions, including receipt of regulatory approvals. (Source: Vertex 06/15/22) Media - The Vertex Company (vtxco.com)

Vectrus Background: Vectrus has been around for more than 70 years, providing critical mission support for customers’ operational challenges. Vectrus provides groundbreaking technical expertise, mission-matched solutions for military and government customers worldwide. It offers base operations support, supply chain and logistics, IT support, engineering and digital integration, and security solutions by targeting efficiency, reductions in costs, readiness, and strengthening of national security. Vectrus is headquartered in Colorado Springs and includes about 8,100 employees spanning 205 locations in 28 countries. In 2021, Vectrus generated sales of approximately $1.8B.