Vectrus Systems Receives $45 Million Contract Award for Naval Support Facility in Romania

On May 15, Vectrus Systems, Corp., a wholly owned subsidiary of Vectrus, Inc. (VEC), announced that it was awarded a new $45 million contract with the U.S. Navy. Vectrus will provide base operations support services at the Naval Support Facility in Deveselu, Romania through May 2028. This is the third new contract that the U.S. Navy awarded to Vectrus in 2020.

Sonal sent an alert to its subscribers at 8:30 am. The next trade took place at 9:30 am for $43.52. Following the announcement, the stock price rose steadily throughout the day. The gains continued over the next four trading sessions. Vectrus closed at $49.46 on May 21 for a five-day gain of 13.7%.

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