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1、2015annual reportletter to shareholdersVectrus delivered a strong first full year in 2015.We are proud of our results in this dynamic and challenging operating environment;all delivered with the highest of ethical standards,in compliance with government policies and procedures,and solidly guided by
2、our core values of integrity,respect and responsibility.While the operating environment remains challenging,we continue to focus on our strategic goals of enhancing the foundation,balancing and diversifying the portfolio,and increasing value.In 2015,Vectrus achieved positive growth in adjusted reven
3、ue1 after two years of declines.This was an important milestone as our business more than offset the reduced contribution from Afghanistan related contracts.Additionally,Vectrus achieved full operating capability on the Turkey-Spain Base Maintenance contract and Army Corps of Engineers IT contract.W
4、e won positions on several important contract vehicles,including the Air Force Contract Augmentation Program,U.S.Army Tank-automotive and Armaments Command Strategic Service Solutions,and Seaport Enhanced.In addition,Vectrus was awarded a number of extensions to existing work in the U.S.and the Midd
5、le East.We also took a moment to celebrate our Platinum Anniversary.On June 13,1945,in Delaware,Federal Electric Corporation was born.On its initial incorporation,the company had 100 shares of stock.Over the course of the next 70 years,the company has gone through many transformations but today we a
6、re proud to be an independent company.An interesting fact is that over the years,we have provided exceptional results for our customers from the sub-zero Arctic and Antarctic climates to the desert heat InteGrItY reSpeCt reSponSIBIlItY The unyielding belief system and principles that guide us in all