Vectrus CEO Chuck Prow Inducted Into 2019 Wash100 for Securing Major Contracts, Expanding Company’s Position With Federal Agencies
Executive Mosaic is pleased to announce that Chuck Prow, president and CEO of Vectrus, has been inducted into the 2019 Â edition of Wash100 â€” Executive Mosaicâ€™s annual selection of influential leaders in the government contracting arena â€” for securing major contracts and expanding Vectrusâ€™ position with numerous federal agencies.
This latest honor marks the fifth time Prow has received a Wash100 Award.
Vectrus won several contracts in 2018, including a $60 million task order under the Global Contingency Services Multiple Award Contract IIÂ in support of the Guantanamo Bay Naval Station in Cuba.
â€œThis base operations support services task order builds on our existing IT and engineering work with the Navy, which includes providing a full range of network support services to the U.S. Navy’s afloat force and electromagnetic effects engineering,”Â Prow said.
Vectrus secured firm-fixed-price contracts in the first half of 2018 including anÂ $84 million contractÂ for maintenance services at Sheppard Air Force Base in Texas. Prow explained the new contract helps Vectrus expand its position as an Air Force prime contractor with programs such as the Thule Air Base maintenance contract and the Air Force contract augmentation program.
Under a five-year,Â $43 million contract, Vectrus will provide maintenance support for aÂ U.S. Army base in Stuttgart, Germany. Prow said the firm-fixed-price contracts expand the scope of work that the company performs within the U.S. European Command.
The company also received a potential $108 million contract in February 2018 to manageÂ U.S. ArmyÂ dining facilities in Kuwait. Prow said the DFACÂ 3.0 contract would help expand the companyâ€™s base business.
In November 2018, Vectrus reported $308 million in revenue during the third quarter of 2018, reflecting a 14 percent rise from the previous year.
â€œAdditionally, with 65 percent of 2018 new business wins based on contract value coming from the Air Force and Navy, we are also making great progress in diversifying our portfolio and expanding market share with clients that have not historically been large contributors to revenue,â€ Prow said.
â€œWe see additional opportunities to further expand our footprint with existing clients in the Department of Defense and intelligence community, as well as new clients in the federal civilian market,” he said.
Executive Mosaic congratulates Chuck Prow and the Vectrus team forÂ receiving this award.
About the Wash100
The Wash100 award, now in its sixth year, recognizes the most influential executives in the GovCon industry as selected by the Executive Mosaic team in tandem with online nominations from the GovCon community. Representing the best of the private and public sector, the winners demonstrate superior leadership, innovation, reliability, achievement and vision.
Visit the Wash100 site to learn about the other 99 winners of the 2019 Wash100 Award. On the site, you can submit your 10 votes for the GovCon executives of consequence that you believe will have the most significant impact in 2019.