V2X (VVX) Jefferies Global Industrials Conference 2026 summary

Business overview and growth strategy

• Operates globally in government services, primarily supporting DoD, intelligence, and select civil agencies, with $4.9B in revenue and 16,000 employees.

• Portfolio includes base operations, MRO, engineering, and C5ISR services, with a strong logistics capability.

• Recent growth attributed to leveraging the combined capabilities post-merger, enabling differentiation and success across all business segments.

• Book-to-bill and revenue growth metrics indicate positive momentum and benefits from the merger.

• Enduring customer missions and global presence drive continued contract wins and on-contract growth.

Market positioning and contract dynamics

• Focuses on O&M budget, which is less susceptible to congressional volatility and supports readiness and modernization priorities.

• Growth in the Pacific Rim and Middle East is driven by geographic presence and ability to respond quickly to urgent needs.

• Backlog of nearly $13B and multi-year contracts provide strong revenue visibility for the next several years.

• Bid velocity increased by 50% last year and targets 30% this year, with growth opportunities spread across all business areas.

• On-contract growth is a core competency, allowing for expansion within existing contracts as customer needs evolve.

Operational excellence and innovation

• Indianapolis facility enables rapid prototyping and modernization, exemplified by quick deployment of the Tempest CUAS system.

• Engineering and logistics capabilities are leveraged across bids, enhancing competitiveness and supporting proposal activities.

• AI investments focus on predictive analytics, digital twins, and internal process automation, aiming to improve readiness and efficiency.

• Partnership with Google supports AI initiatives, with proprietary data enabling advanced solutions for customers.

• Digital twin technology is a proactive differentiator, improving customer outcomes and cost competitiveness.