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VVX — V2X News Story

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Defense contractor V2X falls as PE sponsor reduces stake

** Shares of aerospace and defense contractor V2X Inc VVX.N down 2.5% premarket at $54.99 after secondary offering news

** Reston, Virginia-based firm announces 2.25 mln shares sold by Vertex Aerospace Holding, which is run by private equity firm American Industrial Partners

** Co agreed to buy 363,638 of the offering shares from sole underwriter RBC

** Post offering and the repurchase, American Industrial Partners will own ~6.2 mln shares, or approx 19.9% of ~31.2 mln outstanding shares

**  VVX shares on Tues closed up 0.3% at $56.41, up 18% YTD

** Of 11 analysts covering VVX, recommendation breakdown is 8 "strong buy" or "buy", 1 "hold" and 2 "sell", per LSEG

** Median PT of $65 up from $60.50 a month ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))

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