V2X shares climb 8.6% on $170 million DEA contract

Investing.com — Shares of nationwide safety providers supplier V2X Inc. noticed a pre-market enhance of 8.6% following the announcement of a five-year $170 million contract with the Drug Enforcement Administration (DEA).

The contract is geared toward persevering with the help for the DEA’s fleet of over 100 plane.

“This award displays the belief positioned in our group to ship high-impact options that empower the DEA to fight drug trafficking and safeguard nationwide safety,” in response to President and CEO of V2X Jeremy Wensinger.

V2X operates on a world scale with roughly 16,000 professionals, and it has a footprint in numerous markets, together with nationwide safety, protection, civilian, and worldwide sectors.

The precise phrases of the contract weren’t disclosed within the announcement.

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