V2X shares climb 8.6% on $170 million DEA contract

Investing.com -- Shares of national security services provider V2X Inc. saw a pre-market increase of 8.6% following the announcement of a five-year $170 million contract with the Drug Enforcement Administration (DEA).

The contract is aimed at continuing the support for the DEA's fleet of over 100 aircraft.

"This award reflects the trust placed in our team to deliver high-impact solutions that empower the DEA to combat drug trafficking and safeguard national security," according to President and CEO of V2X Jeremy Wensinger.

V2X operates on a global scale with approximately 16,000 professionals, and it has a footprint in various markets, including national security, defense, civilian, and international sectors.

The exact terms of the contract were not disclosed in the announcement.

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Source: Investing.com