Defense firm V2X drops as sponsor seeks exit

V2X

07/05/2026 22:11

** Aerospace and defense contractor V2X Inc VVX.N shares down 2% in extended trading to $73.92 after secondary offering news

** Reston, Virginia-based co says Vertex Aerospace Holdco, which is run by private equity firm American Industrial Partners, to part with ~2 mln shares

** Post offering, Vertex Aerospace will no longer own any VVX stock. But an entity affiliated with Vertex Aerospace will continue to own 375,420 shares, or about 1.2% of co's total shares outstanding

** Morgan Stanley sole underwriter for offering

** VVX shares on Thurs ended down 1.5% at $75.40, trimming YTD gain to 38%. Stock hit record intraday high of $78.36 on Tues

** Of 12 analysts covering the stock, recommendation breakdown is 8 "strong buy" or "buy", 2 "hold" and 2 "sell"; median PT $78.50, per LSEG data

(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))