V2X is a U.S. defense services contractor focused on keeping military operations running — not building weapons, but maintaining them, sustaining bases, running training programs, and managing logistics and communications for deployed forces. V2X operates across 349 locations in 49 countries, serving the U.S. Army (~41% of revenue) and U.S. Navy (~33%) as its two largest customers, with the Air Force and civilian/international customers making up the rest. V2X acts as prime contractor on roughly 95% of its revenue, competing for multi-year government contracts that typically run three to ten years. Key programs include LOGCAP V (Army logistics and base support in deployed environments), WTRS (a sole-source Army training systems sustainment program), T-45 aircraft maintenance for Navy and Marine aviators, and a recently awarded ~$4.3B, 9-year T-6 trainer aircraft sustainment contract. V2X earns revenue through three contract types: cost-plus (~61% of revenue), firm-fixed-price (~36%), and time-and-materials (~3%). The business is capital-light, with most costs tied to labor and materials. New contracts typically start at below-average margins and improve over 18–24 months as operations mature. V2X's growth strategy centers on winning larger contracts, expanding foreign military sales to U.S.-allied nations, and developing product-like revenues in areas like counter-UAS systems and communications hardware.