V2X Inc. Wins $170 Million DEA Contract

V2X Inc. has secured a five-year, $170 million contract with the Drug Enforcement Administration (DEA) to support its fleet of over 100 aircraft, resulting in an 8.6% surge in the company's stock during pre-market trading. This contract, which reinforces V2X's commitment to national security and combating drug trafficking, reflects the trust the DEA places in the company to deliver essential services. V2X's CEO, Jeremy Wensinger, emphasized their consistent understanding of the DEA’s mission and the flexibility required for supporting its operations. The company has been involved with the DEA since 1997, ensuring the operational readiness of its aircraft fleet. Additionally, V2X recently formed a joint venture with Parsons Corporation aimed at supporting scientific research in Antarctica, indicating its diverse growth strategy. The award aligns with V2X's focus on long-term contracts with federal agencies, further establishing its role in national security efforts.