Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, Inc. (NYSE: VEC), was awarded a contract to provide base operations support services at Maxwell-Gunter Air Force Base, Alabama. The contract has a potential seven year period of performance. Funds of $37 million are being obligated at the time of award for work to be completed by Mar. 30, 2018. This award is the re-compete of an existing contract the company has held since 2009.
“This was a great achievement for our team; we worked diligently to provide our Air Force client with an industry leading solution at an affordable price,” said Chuck Prow, president and chief executive officer of Vectrus. “We look forward to continuing the delivery of service and performance excellence to our Air Force client over the next several years.”
Under the contract, Vectrus will provide base operations support services including maintenance on foreign object damage, transient maintenance, static display maintenance, resource management, communications and information technology, publishing, installation management, operations, installation engineering, emergency management, airfield management, supply, transportation, community services and human resources.
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)
Download free sample pagesThe total contract duration is seven years; includes base period with four one-year options, plus two one-year incentive option periods.
