Vectrus zeroes in on recompetitions

Vectrus is focusing on winning major recompetitions, including one program that makes up 30 percent of its total revenue, the company's chief financial officer said today.

Speaking at the Drexel Hamilton conference in New York, Matt Klein said the defense contractor has four major programs being consolidated into three that are coming up for recompetition. In sum, the three programs "make up over 50 percent of our business today," he said.

Receiving particular attention is the Kuwait-Base Operations and Security Support Services or K-BOSSS program, which represents about 30 percent of the contractor's revenue. Klein said Vectrus had received extensions, and the program is now set to end at the close of 2016.

Vectrus also pointed to recompetitions of the Army Prepositioned Stocks-5 Kuwait/Qatar and Maxwell Base Operating Services programs.

Klein said the company "feel[s] good about each one of these contracts."

"Once we win these recompetes . . . the revenue is going to be very stable for five years plus," he added.