Defense firm V2X falls after announcing secondary offering

V2X

08/08/2025 13:28

** Defense contractor V2X's VVX.N shares fall 5.8% to $50.20 premarket

** VVX announces sale of 2 million shares by Vertex Aerospace in secondary offering

** RBC Capital Markets is the sole underwriter for the offering

     ** VVX has agreed to purchase 200,000 of shares in the offering from the underwriter

** Following the offering, Vertex Aerospace will continue to own 32.3% of VVX

** With 31.7 million outstanding shares, VVX has market cap of $1.7 billion

** 7 of 11 brokerages rate the stock "buy" or higher, 2 "hold" and 2 "sell"; median PT $58 - data compiled by LSEG

** As of last close, VVX stock up 11.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))