COLORADO SPRINGS, Colo., Oct. 7, 2014 (GLOBE NEWSWIRE) -- Vectrus, Inc., (NYSE:VEC) has been awarded a $458 million U.S. Air Force contract for base operations and maintenance services. The U.S. Air Force Installation Contracting Agency's 764th Specialized Contracting Squadron, Kaiserslautern, Germany, awarded the contract.
The contract contains firm-fixed price, cost-reimbursable and cost-plus-fixed-fee elements. It includes the base year, four one-year options, and four additional incentive options that, if fully exercised, would extend the contract through September 2021.
Vectrus will provide the full spectrum of day-to-day base operations and maintenance services including program management, force support services, emergency services, logistics support and transient alert operations. Vectrus will additionally provide contingency and exercise support with all Department of Defense, Joint Chiefs of Staff, U.S. Air Force, and government-supported allied operations. Work will be performed in Turkey at Incirlik Air Base, Izmir Air Station, Ankara Support Facility and the Office of Defense Cooperation, and in Spain at Morón Air Base.
"Since our infrastructure asset management service line provides superior performance and operational excellence around the world, Vectrus is well positioned to provide our Air Force customer with this important base and maintenance support," said Ken Hunzeker, chief executive officer and president of Vectrus. "We are thrilled to be selected and we are committed to providing responsive and responsible support at each of these strategic locations."
Vectrus is a leading, global government services company with a history in the services market that dates back more than 50 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 about 5,600 employees, working in the most challenging environments in the world, on four continents and in 18 countries. In 2013, Vectrus generated sales of $1.5 billion. For more information, visit our website at www.vectrus.com or connect with us on Facebook, Twitter, LinkedIn, and YouTube.
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