Vectrus Announces Three Recent Contract Awards

COLORADO SPRINGS, Colo., May 28, 2015 (GLOBE NEWSWIRE) -- Vectrus, Inc. (NYSE:VEC) announced it has received three contract awards – a bridge award to an existing contract, and two indefinite-delivery/indefinite-quantity (IDIQ) contract positions.

Vectrus has been awarded a bridge contract extension of its existing Maxwell Air Force Base contract for $62 million. The contract work includes, but is not limited to maintenance, resource management, communications/information technology, operations and maintenance. Work will be performed at Maxwell Air Force Base, Ala. The one-year bridge runs through May 2016 and has the potential for an additional two, three-month option periods. The 338th Specialized Contracting Squadron, Joint Base San Antonio-Randolph, Texas, is the contracting activity.

Vectrus was also awarded a position on the U.S. Army Tank-automotive and Armaments Command (TACOM) Strategic Service Solutions family of contracts. The company was one of 18 large service providers selected for a position on the $1.1 billion equipment-related services portion of the contract. Funding and work location for the order-dependent, multiple award task order IDIQ contract will be determined with each order. Work will include maintenance, repair and overhaul, equipment modification and technical representative services. The contract vehicle has an estimated completion date of May 2023. Army Contracting Command, Warren, Mich., is the contracting activity.

In addition, Vectrus recently won a position on the Navy's SeaPort-enhanced (SeaPort-e) acquisition program for services procurements. This award creates a distinct position for Vectrus on the Seaport-e vehicle as a services provider for the Navy. The Naval Surface Warfare Center, Dahlgren Division, Dahlgren, Va., 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 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 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 or connect with us on Facebook, Twitter, LinkedIn, and YouTube.

CONTACT: Media George Rhynedance (719) 637-4182 Investors Mike Smith (719) 637-5773 michael.smith@vectrus.comSource:Vectrus