Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, Inc. (NYSE: VEC), was awarded a $21 million installation services contract in support of the U.S. Air Force at Al Udeid Air Base (AB) in Qatar. The contract includes a base year and two and a half years of potential option periods and will be performed at Al Udeid AB, Qatar, in support of Central Command headquarters, the Air Force 379th Expeditionary Force Support Squadron and 379th Expeditionary Medical Group.
"We have recently undertaken a number of efforts to reorganize the business development functions at Vectrus to improve effectiveness in our pursuits," said Ken Hunzeker, chief executive officer at Vectrus. "We are very pleased to see these efforts result in a task order win on the U.S. Air Force Contract Augmentation Program IV contract vehicle and we look forward to providing outstanding installation services at Al Udeid AB."
The task order encompasses the full spectrum of installation services and will specifically include maintenance, custodial, lodging, recreation services, and hospital aseptic services. The contract will begin on Sept. 20, 2016.
Key data points: The growth forecast = 7.2% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in aerospace fastener market to 2031 by aircraft type (commercial, business & general aviation, and military), product (bolts, nuts, screws, rivets, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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