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Vectrus statement on Thule decision

VVX | June 24, 2016

PR Newswire

COLORADO SPRINGS, Colo., June 24, 2016

COLORADO SPRINGS, Colo., June 24, 2016 /PRNewswire/ -- Exelis Services A/S, a Danish enterprise of Vectrus Systems Corporation, Vectrus, Inc. (NYSE: VEC), has learned that the U.S. Court of Appeals for the Federal Circuit has issued a decision reversing the decision of the Court of Federal Claims, which had set aside an award to Exelis Services A/S of the Thule Air Base, Greenland, base maintenance services contract. The decision currently is under seal; however, the company looks forward to working with the U.S. Air Force in support of this contract.

Exelis Services A/S, a Danish enterprise, was originally awarded the $411 million U.S. Air Force contract for base maintenance services at Thule Air Base, Greenland in October 2014. The contract award has been subject to protest and subsequent litigation since the original award decision. The contract provides for the day-to-day operations and maintenance of the Air Base with a seven year period of performance.

About Vectrus
Vectrus is a leading, global government services company with a history in the services market that dates back more than 70 years. The company provides infrastructure asset management, information technology and network communication services, and logistics and supply chain management services to U.S. government customers around the world. Vectrus is differentiated by operational excellence, superior program performance, a history of long-term customer relationships, and a strong commitment to their mission success. Vectrus is headquartered in Colorado Springs, Colo., and includes about 6,000 employees spanning 132 locations in 18 countries. In 2015, Vectrus generated sales of $1.2 billion. For more information, visit our website at www.vectrus.com or connect with us on Facebook, Twitter, LinkedIn, and YouTube.