Vectrus Announces Two Contract Awards

COLORADO SPRINGS, Colo., Oct. 2, 2015 (GLOBE NEWSWIRE) -- Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, Inc. (NYSE:VEC), has been awarded a nearly $47 million base operations and support services contract in Qatar, and a nearly $72 million modification to a previously awarded contract for base maintenance and operations services in Turkey and Spain.

The cost-plus-fixed-fee contract in Qatar is for day-to-day base operations and support to the area support group in Qatar, as well as its tenant organizations at Camp As-Sayliyah, Camp As-Sayliyah-South, and Falcon 78, Qatar. The contract has an estimated completion date of Sept. 29, 2017, and work will be performed in Qatar. The Army Contracting Command, Rock Island, Ill., is the contracting activity.

The modification to the Turkey and Spain operations contract provides an equitable adjustment for the difference in labor cost between the actual number of employees at the time of award, and the employee listings -- of incumbent Turkish and Spanish nationals -- furnished by the government during the solicitation phase. Work will be performed at Incirlik Air Base, Izmir Air Station, The Office of Defense Cooperation, and Ankara Support Facility, Turkey; and Morón Air Base, Spain, and is expected to be complete by Dec. 19, 2021. The Air Force Installation Contracting Agency, Kaiserslautern, Germany, 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 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 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