Vectrus Awarded Prime Contractor Position on $5 Billion AFCAP
> IV Contract
> COLORADO SPRINGS, Colo., June 29, 2015 (GLOBE NEWSWIRE) — Vectrus,
> Inc. (NYSE:VEC) announced a prime contractor position on the $5 billion
> indefinite-delivery/indefinite-quantity (IDIQ) contract under the Air
> Force Contract Augmentation Program (AFCAP IV) has been awarded to its
> subsidiary, Vectrus Systems Corporation (formerly known as Exelis
> Systems Corporation).
> “Winning a position on AFCAP IV allows Vectrus to continue executing a
> long-term strategy that focuses on enhancing our solid foundation,
> balancing our portfolio and providing more value,” said Ken Hunzeker,
> chief executive officer and president at Vectrus. “We look forward to
> continuing and strengthening our long-term relationship with the Air
> Force, and providing innovative and affordable global contingency
> solutions under AFCAP IV.”
> Vectrus was one of eight companies selected for a position on the
> not-to-exceed $5 billion base life and operating support, and logistics
> support-related contract. Funding will be allocated to orders on an
> as-required basis in support of all programs within the AFCAP scope of
> services. The contract has an estimated completion date of September
> 2021. The 772nd Enterprise Sourcing Squadron, Air Force Installation
> Contracting Agency, Tyndall Air Force Base, Fla., is the contracting
> activity.
> About Vectrus
> 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 more than 5,000 employees
> spanning 85 locations in 15 countries. In 2014, Vectrus generated sales
> of $1.2 billion. For more information, visit our website at
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> LinkedIn, and YouTube.
> CONTACT: Media
> George Rhynedance
> (719) 637-4182
> Investors
> Mike Smith
> (719) 637-5773