V2X Company Profile, Products, Employees and Revenue

V2X is a US defense services company generating roughly $4.3 billion in annual revenue by operating military bases, maintaining aircraft fleets and running supply chains for American forces on five continents. Born from the 2022 merger of Vectrus and Vertex Aerospace, the Virginia-based firm has become one of the Pentagon’s indispensable landlords, mechanics and logisticians, even if few outside the industry know its name.

V2X at a glance

How V2X was formed

Both halves of V2X carry long lineages. Vectrus descended from ITT and Exelis, spun off in 2014 with decades of base operations work in the Middle East and Pacific. Vertex Aerospace, a Mississippi-anchored aircraft maintenance house, passed through Raytheon and L3 ownership before private equity firm American Industrial Partners bought it in 2018 and bulked it up with training and range support businesses.

The 2022 all-stock merger created a company with roughly double the revenue of either predecessor and a deliberately balanced portfolio, facility and logistics work from Vectrus, aviation and training from Vertex. The V2X name signals that convergence, one company where the two mission sets meet.

What does V2X do

V2X’s catalog is the unglamorous machinery of military readiness. The company runs entire installations, power, water, security, housing, airfields, under base operating support contracts, with Kuwait’s Camp Arifjan-centered K-BOSSS work among the best known. Its aviation side maintains and modifies trainer, adversary and support aircraft for the Navy, Air Force and Army, keeps Army helicopter training fleets flying, and manages War Reserve Materiel stocks positioned across the Middle East.

A growing third leg covers communications and mission IT, from tactical network support to spectrum operations, putting V2X in competition with the big federal IT integrators for converged contracts, the same lane where GDIT’s $510 million Army C5ISR support win landed.

V2X key contracts and programs

V2X revenue and financials

V2X reported revenue of roughly $4.3 billion for 2024, with growth guided in the mid-single digits and a backlog that has run north of $12 billion including options. Margins sit in the services-typical mid-single-digit band, and management has prioritized debt paydown from the merger alongside selective bids on larger converged contracts. The stock trades on the NYSE as VVX, with American Industrial Partners gradually reducing its post-merger stake.

Against peers, V2X is a mid-size player, larger than specialist firms but well below giants like Leidos or the newly merged Amentum, which is precisely the niche it argues wins agility-driven competitions.

V2X outlook for 2026

The demand backdrop favors V2X into 2026. US posture in the Middle East keeps its Kuwait and Qatar anchor contracts busy, Pacific deterrence initiatives are multiplying exactly the austere-location support work it sells, and the military’s pilot production push sustains trainer maintenance. Risks are the classic services trio, recompetes on legacy anchors, margin pressure from labor costs, and the possibility that budget reviews trim overseas support spending faster than new Pacific work arrives.

V2X frequently asked questions

What does V2X do?

It operates military bases, maintains aircraft, manages prepositioned equipment and supports networks and training for US and allied forces.

Where did the name V2X come from?

From the 2022 merger of Vectrus and Vertex Aerospace, the two “V” companies that formed it.

How big is V2X?

Roughly $4.3 billion in 2024 revenue and around 16,000 employees at more than 50 locations worldwide.

Is V2X publicly traded?

Yes, on the NYSE under the ticker VVX.

Who are V2X’s main competitors?

Amentum, KBR, Leidos, GDIT and smaller base operations and aviation support specialists.