Why These Defense Stocks Are Gaining This Week

5. V2X, Inc. (NYSE:VVX)

Weekly Gains: 8.92%

V2X, Inc. (NYSE:VVX) is a leading provider of critical mission solutions and support services to defense clients in over 50 countries and territories.

On February 24, V2X, Inc. (NYSE:VVX) reported a record revenue of $1.16 billion for the fourth quarter of fiscal 2024, representing an 11% year-over-year growth. The strong performance was driven by positive growth across all geographies, most notably the Indo-Pacific region. Adjusted net income stood at $42.7 million, up 10% from last year.

Following the announcement of Q4 results, Citizens Capital Markets and Raymond James maintained their Buy rating for the stock. Investor sentiment was further strengthened after the company was awarded a $100 million contract by the FBI last week to provide aviation maintenance and support services.

V2X, Inc. (NYSE:VVX) is among the defense stocks that are gaining this week, with returns of nearly 9% during the period.