Business Context and Reporting Period
Company: Vectrus, Inc. (Note: Input metadata referenced "V2X, Inc.", but the filing identifies the registrant as Vectrus, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: April 13, 2019
Event Date: April 12, 2019
Context: The filing discloses a significant contract award under Item 7.01 Regulation FD Disclosure.
Key Financial Metrics
This filing does not contain specific revenue, profit, cash flow, margin, debt, or liquidity figures for the company. It focuses on a new contract award.
- Contract Ceiling Price: $82,000,000,000 (Cumulative ceiling for all LOGCAP V MATOC contracts awarded).
- Contract Duration: Initial five-year ordering period with options for five additional one-year periods.
- Scope: Logistics Civil Augmentation Program (LOGCAP) V support services for the U.S. Military worldwide.
Material Changes
New Contract Award: The U.S. Army Contracting Command-Rock Island awarded Vectrus Systems Corporation (a wholly-owned subsidiary) one of four Indefinite Delivery Indefinite Quantity (IDIQ) Multiple Award Task Order Contracts (MATOC).
Specific Task Orders: Vectrus received the PACOM Setting the Theater Task Order and CENTCOM Setting the Theater Task Order, along with associated Performance Task Orders.
Guidance, Outlook, and Management Commentary
Financial Guidance: Management reaffirmed its full-year 2019 financial guidance originally provided on February 26, 2019.
Outlook: The award supports operations across Geographical Combatant Commands (GCCs) and Army Service Component Commands (ASCCs) throughout the full range of military operations.
Investor Verification Checklist
- Verify the specific revenue recognition timeline for the awarded task orders, as the $82 billion figure represents a cumulative ceiling for all contractors, not guaranteed revenue for Vectrus.
- Review the attached Press Release (Exhibit 99.1) for detailed breakdowns of the specific task order values.
- Confirm the impact of this award on the previously issued full-year 2019 guidance.
- Monitor future filings for actual task order notifications and funding levels.