1、V2X,INC.2021 ANNUAL REPORTLETTER TO OUR SHAREHOLDERS On July 5,2022,Vectrus,Inc.(“Vectrus”)completed its merger with the Vertex Aerospace Services Holding Corporation,creating one company,V2X,Inc.(“V2X”),a leading global provider of mission-essential solutions.The financial and strategic benefits of
2、 this merger are compelling.V2X has a strong financial profile with the ability to generate substantial cash with low capital expenditure requirements.By providing full life-cycle solutions across a converged environment,we believe V2X is well-positioned to gain higher margins resulting from the new
3、 scale and diversified ability to compete for larger integrated business opportunities.This past year,both companies were awarded several significant contracts that are in the early stages of their lifecycles,which provide long-term revenue visibility.Additionally,both companies share a strong missi
4、on-oriented foundation that will position V2X to better help clients achieve their objectives,and in the process,create a robust organization with elevated career development and advancement opportunities for our approximately 14,000 employees.This highly strategic combination builds on our accompli
5、shments over the last several years and provides an opportunity to significantly accelerate our ability to deliver converged solutions that enhance mission outcomes while creating value for our shareholders and other stakeholders.We are eager to update you on our progress.Regarding Vectrus standalon
6、e 2021 results,I am pleased to report that we ended our journey on a high note,posting revenue growth of approximately 28%for the year.Our team showcased its agility by meeting the unique needs of our customers through the support of several important missions,including Pacific Defender,a major cont