V2X, Inc. (VVX) 2014年年度报告「NYSE」.pdf

1、2014annual reportat VeCtruS letter to shareholdersI am truly excited and honored to write our inaugural letter to shareholders.I am proud to say that our company,though a newly independent public company,has a strong history of supporting our customers missions for more than 50 years.We owe our hist

2、ory and success to our more than 5,000 employees who work tirelessly across the globe to help achieve our customers missions.As a values-based company,we are guided by the principles of Integrity,Respect and Responsibility.Our vision is to be the“Customers First Choice and Most Trusted Partner.”We b

3、elieve our vision and value system sustains our ability to provide value for our customers and stakeholders.In September 2014,we successfully completed the spin-off from our former parent,Exelis Inc.The spin-off provides many benefits to Vectrus including:(1)greater strategic focus of managements ef

4、forts and resources;(2)enhanced focus on customers;and(3)direct and differentiated access to capital resources.We have seen these benefits of the spin-off begin to materialize,and we believe the future looks bright.Market conditions remain challenging,with intense competition,constrained federal spe

5、nding and budgetary pressures,increased protests of awards,and reduced operations tempo in theater.Despite these headwinds,Vectrus was successful in winning$1.4 billion in new contracts since August 2014.Our backlog remains healthy at$2.9 billion and we have a robust pipeline of potential new busine

6、ss opportunities to help build future business.Although the operating environment remains challenging,we are seeing signs of stabilization within our non-Afghanistan markets,which we refer to as our“core markets.”We are encouraged by recent trends and note that in 2014,Vectrus was able to report fin