NYSE:VVXAerospace & Defense
V2X (VVX) Could Be 19% Undervalued As Marine Corps Deal Expands Defense Push
V2X (VVX) moved into focus after securing a US$19 million indefinite delivery, indefinite quantity contract from the U.S. Marine Corps for its Tempest counter drone vehicles and related support services.
The contract lands at a time when V2X’s share price has slipped 9.9% over the past 30 days and 20.1% over the past 90 days, even though the year-to-date share price return is 30.6% and the 1-year total shareholder return is 32.8%. This points to longer-term momentum that has cooled in recent...