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| 8-K - 8-K - Vectrus, Inc. | a91168-k.htm |
PRESS RELEASE
Investors
Mike Smith
719-637-5773
michael.smith@vectrus.com
Media
George Rhynedance
719-637-4182
george.rhynedance@vectrus.com
Vectrus Statement on Army Award of Pre-positioned Stocks-5 Contract
Colorado Springs, Colo., Sept. 1, 2016 —Vectrus, Inc. (NYSE: VEC) announced today the
government did not select the company’s contract proposal to provide logistics support services in
Kuwait and Qatar under the Army Pre-positioned Stocks-5 (APS-5) contract. Vectrus is the
incumbent contractor providing these services, which are fully funded through Nov. 30, 2016, and
have the potential to extend through Feb. 28, 2017.
‘‘While the company is disappointed in the decision, we have made tremendous and well-
documented progress on APS-5 since our initial awards,” said Ken Hunzeker, chief executive officer
at Vectrus. “We are proud of our employee’s contributions and commitment to the customer’s
mission.’’
Despite the loss, Vectrus remains well positioned to respond to customer needs in the region and has
a history of providing superior and affordable solutions that goes back to 1945.
At this time, the company is not revising its financial guidance for the year ending Dec. 31, 2016.
Vectrus guidance for 2016 assumed various factors and the loss of APS-5 does not impact the
previously issued ranges. The APS-5 contracts contributed $93 million of revenue through June 2016.
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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 about 6,000 employees spanning 132 locations in 18 countries. In 2015, Vectrus generated
sales of $1.2 billion. For more information, visit our website at www.vectrus.com or connect with us on
Facebook, Twitter, LinkedIn, and YouTube.