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Benzinga

Akanksha Bakshi

US DoD Selects Vectrus For Development Of 5G Smart Warehouse

VEC DoD NBC Department of Defense NYSE

Vectrus Inc (NYSE:VEC) has been selected by the Department of Defense to complete the final phases of application development for a 5G Smart Warehouse at Naval Base Coronado (NBC).
The NBC 5G Smart Warehouse Assessment Team conducted a down select during Phase 1, comparing application solutions from three companies, including Vectrus.
Vectrus successfully demonstrated a Converged Environment solution, addressing NAVSUP operational challenges by implementing advanced technology applications.
This effort is part of the DoD's $600 million 5G experimentation and testing initiative, initially awarded in 2020.
Price Action: VEC shares are trading higher by 2.51% at $35.91 on the last check Wednesday.

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