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V2X and Parsons Establish Joint Venture to Pursue National Science Foundation Antarctica Contract

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V2X Inc. (NYSE: VVX) has formed a strategic joint venture with Parsons (NYSE: PSN) called Polar Science Alliance (PSA) to pursue the National Science Foundation Antarctica Science and Engineering Support Contract (ASESC). The contract has an $8 billion ceiling value and aims to support the United States Antarctic Program (USAP) over the next two decades.

V2X brings over a decade of polar operations experience and was recently awarded a ten-year follow-on option for the U.S. Space Force Pituffik Space Base in Greenland. Parsons contributes 55 years of polar operations expertise, including work on the Antarctica Infrastructure Modernization for Science Project. The joint venture will support NSF's scientific research activities and logistical operations in Antarctica and the Southern Ocean.

V2X Inc. (NYSE: VVX) ha formato una joint venture strategica con Parsons (NYSE: PSN) chiamata Polar Science Alliance (PSA) per perseguire il contratto di supporto scientifico e ingegneristico dell'Antartide della National Science Foundation (ASESC). Il contratto ha un valore massimo di 8 miliardi di dollari e mira a supportare il Programma Antartico degli Stati Uniti (USAP) nei prossimi due decenni.

V2X porta con s茅 oltre un decennio di esperienza nelle operazioni polari ed 猫 stata recentemente premiata con un'opzione di follow-on di dieci anni per la base spaziale Pituffik della Space Force degli Stati Uniti in Groenlandia. Parsons contribuisce con 55 anni di esperienza nelle operazioni polari, incluso il lavoro sul progetto di modernizzazione delle infrastrutture antartiche per la scienza. La joint venture supporter脿 le attivit脿 di ricerca scientifica e le operazioni logistiche della NSF in Antartide e nell'Oceano Meridionale.

V2X Inc. (NYSE: VVX) ha formado una asociaci贸n estrat茅gica con Parsons (NYSE: PSN) llamada Polar Science Alliance (PSA) para perseguir el contrato de apoyo cient铆fico y de ingenier铆a de la National Science Foundation en la Ant谩rtida (ASESC). El contrato tiene un valor m谩ximo de 8 mil millones de d贸lares y tiene como objetivo apoyar el Programa Ant谩rtico de los Estados Unidos (USAP) durante las pr贸ximas dos d茅cadas.

V2X aporta m谩s de una d茅cada de experiencia en operaciones polares y recientemente recibi贸 una opci贸n de seguimiento de diez a帽os para la Base Espacial Pituffik de la Fuerza Espacial de EE. UU. en Groenlandia. Parsons contribuye con 55 a帽os de experiencia en operaciones polares, incluidos trabajos en el proyecto de modernizaci贸n de infraestructura ant谩rtica para la ciencia. La asociaci贸n apoyar谩 las actividades de investigaci贸n cient铆fica y las operaciones log铆sticas de la NSF en la Ant谩rtida y el Oc茅ano Austral.

V2X Inc. (NYSE: VVX)Parsons (NYSE: PSN)鞕鞚 鞝勲灥鞝 頃╈瀾 韴瀽鞚 Polar Science Alliance (PSA)毳 韱淀暣 氙戈淡 甑皜瓿柬暀鞛嫧鞚 雮饭 瓿柬暀 氚 鞐旍雼堨柎毵 歆鞗 瓿勳暯(ASESC)鞚 於旍頃橁碃 鞛堨姷雼堧嫟. 鞚 瓿勳暯鞚 齑濎暋 頃滊弰电 80鞏 雼煬鞚措┌, 頄ロ泟 20雲勱皠 氙戈淡 雮饭 頂勲攴鸽灗(USAP)鞚 歆鞗愴晿电 瓴冹潉 氇╉憸搿 頃橁碃 鞛堨姷雼堧嫟.

V2X电 雮饭 鞛戩爠 瓴巾棙鞚 10雲 鞚挫儊鞚搓碃 斓滉芳鞐惖鐢 攴鸽Π霝霌滌潣 氙 鞖办<甑 頂柬埇頂 鞖办< 旮办鞐 雽頃 10雲 鞐办啀 鞓奠厴鞚 靾橃棳氚涭晿鞀惦媹雼. Parsons电 雮饭 鞚疙攧霛 順勲寑頇 頂勲鞝濏姼 鞛戩梾鞚 韽暔頃橃棳 55雲勱皠鞚 雮饭 鞛戩爠 鞝勲 歆鞁濎潉 旮办棳頃╇媹雼. 鞚措矆 頃╈瀾 韴瀽电 NSF鞚 雮饭 氚 雮秬 雽鞏戩棎靹滌潣 瓿柬暀 鞐瓣惮 頇滊彊瓿 氍茧 鞖挫榿鞚 歆鞗愴暊 瓴冹瀰雼堧嫟.

V2X Inc. (NYSE: VVX) a form茅 un joint-venture strat茅gique avec Parsons (NYSE: PSN) 补辫辫别濒茅 Polar Science Alliance (PSA) pour obtenir le contrat d'assistance scientifique et technique en Antarctique de la National Science Foundation (ASESC). Ce contrat a une valeur maximale de 8 milliards de dollars et vise 脿 soutenir le Programme Antarctique des 脡tats-Unis (USAP) au cours des deux prochaines d茅cennies.

V2X apporte plus de dix ans d'exp茅rience dans les op茅rations polaires et a r茅cemment 茅t茅 r茅compens茅e par une option de suivi de dix ans pour la base spatiale Pituffik de la Space Force des 脡tats-Unis au Groenland. Parsons contribue avec 55 ans d'expertise dans les op茅rations polaires, y compris des travaux sur le projet de modernisation des infrastructures en Antarctique pour la science. Le joint-venture soutiendra les activit茅s de recherche scientifique et les op茅rations logistiques de la NSF en Antarctique et dans l'oc茅an Austral.

V2X Inc. (NYSE: VVX) hat ein strategisches Joint Venture mit Parsons (NYSE: PSN) namens Polar Science Alliance (PSA) gegr眉ndet, um den National Science Foundation Antarctica Science and Engineering Support Contract (ASESC) zu verfolgen. Dieser Vertrag hat einen Deckelwert von 8 Milliarden USD und zielt darauf ab, das US-amerikanische Antarktikprogramm (USAP) in den n盲chsten zwei Jahrzehnten zu unterst眉tzen.

V2X bringt 眉ber ein Jahrzehnt Erfahrung im Bereich der Polaroperationen ein und wurde k眉rzlich eine zehnj盲hrige Folgema脽nahme f眉r die Pituffik Space Base der US Space Force in Gr枚nland gew盲hrt. Parsons steuert 55 Jahre Expertise im Bereich der Polaroperationen bei, einschlie脽lich der Arbeiten am Antarktischen Infrastrukturmodernisierungsprojekt f眉r die Wissenschaft. Das Joint Venture wird die wissenschaftlichen Forschungsaktivit盲ten und logistischen Operationen der NSF in der Antarktis und im S眉dlichen Ozean unterst眉tzen.

Positive
  • Potential to secure an $8 billion contract through the joint venture
  • Recently awarded ten-year contract extension for U.S. Space Force base in Greenland
  • Strategic partnership combines V2X's logistics expertise with Parsons' infrastructure capabilities
Negative
  • None.

Insights

The formation of Polar Science Alliance (PSA) represents a strategic move to compete for a substantial $8 billion ceiling value contract with the National Science Foundation. This joint venture combines V2X's expertise in polar operations and logistics with Parsons' infrastructure and engineering capabilities, creating a formidable contender for the ASESC contract. The potential contract duration spanning two decades offers significant long-term revenue visibility and stability for both companies.

V2X's recent success in securing a ten-year follow-on contract for the U.S. Space Force base in Greenland demonstrates their proven track record in polar operations. The joint venture strategically positions both companies to capitalize on increasing scientific research activities in Antarctica, particularly related to climate change studies. The combined century-plus experience in science support services significantly enhances their competitive advantage in securing this high-value contract.

The potential $8 billion contract represents a significant opportunity for V2X, whose current market cap is approximately $1.89 billion. Securing this contract could substantially impact V2X's revenue stream and market valuation. The long-term nature of the contract (two decades) would provide stable, predictable cash flows and enhance the company's financial outlook.

The joint venture structure with Parsons helps distribute operational risks while combining complementary capabilities. V2X's existing polar operations experience, coupled with Parsons' infrastructure expertise, creates operational synergies that could lead to cost efficiencies and higher profit margins. The extended contract duration also provides protection against short-term market volatility and economic cycles.

RESTON, Va., Dec. 10, 2024 /PRNewswire/ -- V2X Inc., (NYSE: VVX) is pleased to announce a strategic joint venture with Parsons Corporation (NYSE: PSN) in pursuit of the National Science Foundation Antarctica Science and Engineering Support Contract (ASESC) with an $8 billion ceiling value. The newly formed joint venture, named Polar Science Alliance (PSA), is a wholly dedicated entity which will enable world class scientific research support services for the United States Antarctic Program (USAP) over the next two decades.

For over six decades, the National Science Foundation (NSF) has maintained a vital U.S. presence in Antarctica, conducting extensive research on the continent and its ecosystems. The NSF's endeavors seek to comprehend Antarctica's influence on global processes like climate change and leverage the unique features of the region for scientific studies that are unparalleled elsewhere. Under the ASESC, the NSF oversees all U.S. scientific research activities and logistical operations in Antarctica and aboard vessels in the Southern Ocean through the USAP, which stands as one of the largest scientific research programs in the Antarctic region.

"V2X and Parsons have united to form a powerhouse team equipped to provide unmatched support to the NSF and support the USAP in its scientific research initiatives in Antarctica," said Ken Shreves, Senior Vice President of Mission Support at V2X. "With work from the Arctic U.S. Space Force base to the West-central Pacific Ocean U.S. Army Kwajalein Atoll, V2X is the top tier mission critical support services provider of choice for any geographical and geopolitical environment in the world."

V2X brings over a decade of experience in large-scale polar operations and logistics expertise and was recently awarded the follow-on option ten year period, supporting the multibillion-dollar U.S. Space Force, Pituffik Space Base in Greenland. V2X boasts decades of expertise in science support services. Leveraging industry-leading best practices and insights gleaned from a diverse portfolio of global programs in remote, challenging, and austere environments, V2X maximizes operational efficiency across all phases of mission execution, catering to the needs of government clients globally for the past 80 years.

"PSA stands ready to bring the experience and resources of its parent companies, Parsons and V2X, to the world-class United States Antarctic Program," added Jon Moretta, President, Engineered Systems for Parsons. "Parsons brings years of experience in polar operations to this joint venture, including work as the modernization designer and builder on the Antarctica Infrastructure Modernization for Science Project. We're proud to team with V2X for the opportunity to be NSF's USAP support services partner in enabling the world-class Antarctic science program."

Parsons is a leader in providing the federal government with solutions to the most complex infrastructure challenges. Parsons has 55 years of successful and proven polar operations experience beginning in 1970 on the North Slope of Alaska. The company's capabilities span program and construction management, engineering and planning, and logistics. As a global solutions provider, Parsons works in all environments, including the freezing temperatures and volcanic rock of Antarctica. The company uses technological innovation and harnesses the potential of artificial intelligence to empower smarter decision-making, drive efficiency, and support clients worldwide across infrastructure, the environment, and national security.

The Polar Science Alliance collectively brings world class capabilities in global logistics, operations and engineering coupled with over 100 years science and research support experience. To learn more about Polar Science Alliance, visit . To learn more about Parsons' federal infrastructure solutions, visit . To learn more about V2X and its capabilities, please visit .

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission's lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today's toughest challenges across all operational domains.

About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit听 and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact
Angelica Spanos Deoudes听
Senior Director, Marketing and Communications
Angelica.Deoudes@goV2X.com
571-338-5195

Investor Contact
Mike Smith, CFA听
Vice President, Treasury, Corporate Development and Investor Relations听
IR@goV2X.com
719-637-5773

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FAQ

What is the value of the Antarctica Science and Engineering Support Contract (ASESC) that V2X (VVX) is pursuing?

The ASESC contract has an $8 billion ceiling value.

Who has V2X (VVX) partnered with for the Antarctica contract bid?

V2X has formed a joint venture called Polar Science Alliance (PSA) with Parsons

What recent polar region contract did V2X (VVX) secure in 2024?

V2X was awarded a ten-year follow-on option contract for the U.S. Space Force Pituffik Space Base in Greenland.

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