V2X Acquires QinetiQ U.S. Intelligence Business for $24mln

V2X has completed its $24 million acquisition of QinetiQ's US Intelligence business, adding approximately 70 professionals to its workforce and expanding its access to critical national security programs. The deal strengthens V2X's ability to deliver data-enabled mission solutions and enhances its position in the Intelligence Community. Integration of the acquired business has begun and will continue in the coming months.

V2X, Inc. (NYSE: VVX) has successfully completed the acquisition of QinetiQ's U.S. Intelligence business, a move that expands the company's capabilities and access to critical national security programs. The transaction, valued at approximately $24 million net of estimated tax benefits, adds approximately 70 professionals with deep expertise in intelligence and cyber operations to V2X's workforce.

The acquisition enhances V2X's position within the Intelligence Community and strengthens its ability to deliver data-enabled mission solutions across all domains. Jeremy C. Wensinger, President and Chief Executive Officer of V2X, stated, "This acquisition enhances our position in the Intelligence Community and strengthens our ability to deliver data-enabled mission solutions across all domains. We are pleased to welcome this talented team and look forward to delivering greater value to our customers and shareholders."

Integration of the QinetiQ Intelligence business into V2X's national security portfolio has already begun and will continue over the coming months. V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today's toughest challenges across all operational domains.

The acquisition underscores V2X's commitment to expanding its national security capabilities and enhancing its service offerings to the Intelligence Community. As the integration progresses, V2X is expected to leverage the combined strengths of both entities to deliver more comprehensive and effective solutions to its clients.