Benzinga | Jul 15, 2021 03:29PM EDT

Vectrus Secures Two Air Force Contract Augmentation Program V Task Orders Valued $40M

* Vectrus Inc (NYSE:VEC) has been awarded two new firm-fixed-price task orders valued at $40 million to provide installation and other support services to the U.S. Air Force.

* The task orders were awarded under the Air Force Contract Augmentation Program V, or AFCAP V, which is a $6.4 billion IDIQ contract vehicle.

* The company says these recent wins build on their AFCAP successes announced in the first quarter and demonstrate Vectrus's ability to support clients' contingency and humanitarian support requirements with a full range of facilities and logistical services across the globe.

* Price action: VEC shares traded higher by 0.31% at $44.94 on the last check Thursday.