COLORADO SPRINGS, Colo., June 29, 2015 (GLOBE NEWSWIRE) -- Vectrus, Inc. (NYSE:VEC) announced a prime contractor position on the $5 billion indefinite-delivery/indefinite-quantity (IDIQ) contract under the Air Force Contract Augmentation Program (AFCAP IV) has been awarded to its subsidiary, Vectrus Systems Corporation (formerly known as Exelis Systems Corporation).
"Winning a position on AFCAP IV allows Vectrus to continue executing a long-term strategy that focuses on enhancing our solid foundation, balancing our portfolio and providing more value," said Ken Hunzeker, chief executive officer and president at Vectrus. "We look forward to continuing and strengthening our long-term relationship with the Air Force, and providing innovative and affordable global contingency solutions under AFCAP IV."
Vectrus was one of eight companies selected for a position on the not-to-exceed $5 billion base life and operating support, and logistics support-related contract. Funding will be allocated to orders on an as-required basis in support of all programs within the AFCAP scope of services. The contract has an estimated completion date of September 2021. The 772nd Enterprise Sourcing Squadron, Air Force Installation Contracting Agency, Tyndall Air Force Base, Fla., is the contracting activity.
Vectrus is a leading, global government services company with a history in the services market that dates back more than 70 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 http://www.vectrus.com or connect with us on Facebook, Twitter, LinkedIn, and YouTube.