VZX (NYSE:VZX)), announced it has been awarded a 10-year, $425 million indefinite-delivery, indefinite-quantity contract.
Under the contract, V2X will provide center display units (CDU's) full kits, line-replaceable units, shop-replaceable units, and related support hardware for the combat jet.
"This is a great example of how smart modernization can deliver immediate mission enhancement," said CEO Jeremy C. Wensinger. "By upgrading the F-16 cockpit display at a significantly lower cost than full replacement, we are strengthening the digital backbone of the aircraft and enhancing operational effectiveness for decades to come."
The award builds on past orders and represents the largest award we have received for the F-16 CDU program. V2X's approach to cockpit modernization delivers cost-effective technology insertion with minimal retrofit, ensuring enhanced combat effectiveness while reducing overall lifecycle costs.
Work will be performed at V2X's facility in Indianapolis, Indiana, and is expected to be completed by September 2035.
V2X, based in Reston, Va., builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission's lifecycle to enhance readiness, optimize resource management, and boost security.
VVX shares closed Friday at $54.58.
