Vectrus' Sales Drop

Reporting for the first time as a separate company, Vectrus, which spun off from Exelis earlier this year, said sales in its most recent quarter dropped to $301 million, down nearly 14 percent from the same period a year ago.

The company said declining troop levels in Afghanistan took a toll on its sales. Quarterly profit fell to $2 million, down from $19 million in the same three-month period in 2013.

Ken Hunzeker, the contractor's chief executive, said the results were anticipated given the military drawdown of operations in Afghanistan. The company has recently won a contract to provide IT support services to the Army Corps of Engineers -- though the award is now under protest -- and a contract to support day-to-day base operations and maintenance at bases in Turkey and Spain.