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)
Report Date: April 30, 2018 (Event Date: April 27, 2018)
Context: The filing discloses a material contract modification received by Vectrus Systems Corporation, a wholly-owned subsidiary, regarding defense support services.
Key Financial Metrics
This filing does not provide comprehensive financial statements, revenue totals, profit margins, cash flow, debt levels, or liquidity ratios. The only specific financial figure disclosed is the value of a contract modification.
- Contract Modification Value: $105,967,887
- Contract Number: W91RUS-13-C-0006 (OMDAC-SWACA)
- Modification Number: P00039
Material Changes
The primary material change is the receipt of a $105,967,887 contract modification for enterprise network capabilities and services support for U.S. Central Command. The work is based in Kuwait City with additional locations in Southwest Asia. The estimated completion date for this modification is November 30, 2018. Management stated that this modification was expected.
Guidance, Outlook, and Risks
Management Commentary: The company explicitly noted that the contract modification was anticipated.
Outlook: No specific financial guidance or forward-looking projections were included in this filing.
Risks and Contingencies: The filing does not detail specific risks or contingencies beyond the standard disclosure that the information is furnished under Regulation FD and is not deemed filed for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the impact of the $105,967,887 contract modification on the company's total backlog and future revenue recognition.
- Confirm the operational status and risk profile of the OMDAC-SWACA contract in Southwest Asia.
- Review the most recent 10-K or 10-Q filings for baseline financial metrics (revenue, profit, debt) as this 8-K does not contain them.
- Check for any subsequent filings regarding the execution or further modification of contract W91RUS-13-C-0006.