VECTRUS, INC. (NYSE:VEC) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
announcing that Vectrus Systems Corporation, its wholly-owned
subsidiary, was awarded a contract to provide base operations
support services at Maxwell-Gunter Air Force Base, Alabama. The
contract has a potential seven year period of performance. Funds
of $37 million are being obligated at the time of award for work
to be completed by March 30, 2018. This award is the re-compete
of an existing contract the company has held since 2009. Under
the contract, Vectrus will provide base operations support
services including maintenance on foreign object damage,
transient maintenance, static display maintenance, resource
management, communications and information technology,
publishing, installation management, operations, installation
engineering, emergency management, airfield management, supply,
transportation, community services and human resources. The total
contract duration is seven years; includes base period with four
one-year options, plus two one-year incentive option periods. A
copy of the press release is attached as Exhibit 99.1 and
incorporated herein by reference.
release announcing that the U.S. Government published a Notice of
Intent to award a modification to extend the existing Kuwait Base
Operation and Security Support Services contract, also known as
K-BOSSS, performed by Vectrus Systems Corporation. The Period of
Performance for the extension would be from March 29, 2017 to
March 28, 2018, with an evaluated nine-month option of March 29,
2018 through December 28, 2018 and an evaluated three-month
option of December 29, 2018 through March 28, 2019. The proposed
modification will continue critical base operations support and
security support services throughout the Kuwait area of
responsibility including forms, publications, and reproductive
services; Army postal operations; operations; logistics;
information management; public works; environmental services;
medical administrative support; installation services; security
services; fire services; and emergency services. The extension
has not been negotiated and finalized. In 2016, the K-BOSSS
program contributed approximately $438 million dollars or 37% of
revenue.
finalization of the extension of the K-BOSSS contract. A copy of
the press release is attached as Exhibit 99.2 and incorporated
herein by reference.
to Item 7.01 Regulation FD Disclosure and shall not be deemed
filed for purposes of Section 18 of the Exchange Act or
incorporated by reference into any filing under the Securities
Act or the Exchange Act, except as shall be expressly set forth
by specific reference in such filing.
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Exhibit
No.
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Description
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99.1
99.2
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Press release issued by Vectrus, Inc. on March 17, 2017
Press release issued by Vectrus, Inc. on March 17, 2017
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About VECTRUS, INC. (NYSE:VEC)
Vectrus, Inc. is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations. Its logistics and supply chain management services support and maintain the vehicle and equipment stocks of the United States Army and Marine Corps. Its information technology and network communication services consist of sustainment of communications systems, network security, systems installation and life cycle management of information technology systems. VECTRUS, INC. (NYSE:VEC) Recent Trading Information
VECTRUS, INC. (NYSE:VEC) closed its last trading session up +0.07 at 22.89 with 72,279 shares trading hands.
