V2X, Inc.

Good day and welcome to the V2X First Quarter 2025 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your questions, you may press star then two. Please note, this event has been recorded. I would now like to turn the conference over to Mr. Mike Smith, Corporate Vice President, Treasury, Investor Relations, and Corporate Development. Please go ahead, sir.

Thank you. Good afternoon, everyone. Welcome to the V2X First Quarter 2025 Earnings Conference Call. Joining us today are Jeremy Wensinger, President and Chief Executive Officer, and Shah Mural, Senior Vice President and Chief Financial Officer. Slides for today's presentation are available on the Investor Relations section of our website, gov2x.com. Please turn to slide two. During today's presentation, management will be making forward-looking statements pursuant to the safe harbor provisions of the federal securities laws. Please review our safe harbor statement in our press release and presentation materials for a description of some of the factors that may cause actual results to differ materially from the results contemplated by these forward-looking statements. The company assumes no obligation to update its forward-looking statements. In addition, in today's remarks, we will refer to certain non-GAAP financial measures because management believes such measures are useful to investors. You can find a reconciliation of these measures to the most comparable measure calculated and presented in accordance with GAAP on our slide presentation and in our earnings release filed with the SEC, both of which are available on the investor relations section of our website. At this time, I would like to turn the call over to Jeremy.

Thank you, Mike, and good afternoon, everyone. Thank you for joining us today. Before we get started, I'd like to recognize our team for their contributions and unwavering commitment to our customers' mission success. This commitment was demonstrated firsthand during the quarter with our customers, being awarded a meritorious unit commendation for exceptional performance in training student naval aviators. B2X is proud to have contributed to this achievement by delivering industry-leading aircraft and fleet readiness that is yielding unprecedented success in preparing the next generation of naval aviators. Our people are the foundation of our business, and with that, we are delighted to welcome Mellon Ushula as Chief Human Resources Officer. As we continue to scale globally and invest in growth in our people, Mellon brings the right combination of experience and leadership to help shape the future of our workforce. Please turn to slide three. In today's call, I'm going to discuss the trends we are seeing in our business, our solid positioning, and catalysts in front of us to drive future growth and value creation. Starting with the first quarter results, revenue was $1.02 billion driven by a 10% year-over-year increase in the Indo-Pacific region. Adjusted EBITDA was $67 million consistent with our anticipated quarterly cadence. Adjusted EPS was 98 cents. The overall trends in our market remain positive and are being driven by customer requirements to improve deterrence, enhance readiness, and strengthen national security. We are performing well as V2X possesses full lifecycle mission-driven solutions that deliver on these requirements. The V2X value proposition is being recognized by customers and is demonstrated by our recent awards and extensions, which provide substantial visibility for the next several years. We are leveraging our portfolio of capabilities, geographic footprint, and limited recompete cycle to pursue larger opportunities that leverage the full breadth of capabilities that I'll discuss in further detail shortly. Additionally, the foreign military sales and international markets continue to represent a large and growing opportunity for us to deliver more solutions across areas we've already operate. These customers know us and trust us, and they see the benefits of our solutions. Our focused engagement strategy and visible presence with customers is yielding substantial traction over several opportunities that align exactly to our core capabilities. I look forward to updating you on these opportunities as they mature here in 2025. In total, our bid velocity is increasing under the leadership of Roger Mason. Our visibility has improved. We are investing for growth and taking advantage of the tailwinds to drive future bookings, revenue, cash flow, and value for our shareholders. Our solid and consistent financial performance once again allowed us to enhance our capital structure. further reducing interest expense and improving key terms of our credit facility. Importantly, our liquidity profile is strong at approximately $650 million. There is nothing we have seen to date from tariffs, budgetary requests, administration priorities that would change our strong position in the markets we serve. Our visibility into future macroeconomic decisions policy trends, national security, and emerging defense budget priorities suggest positive impacts on our current work as well as favorable opportunities for our new business pipeline. Given our first quarter performance, market positioning, and visibility, we are remaining confident in our ability to achieve our 2025 commitments. As such, we are reaffirming our guidance. Please turn to slide four. The V2X value proposition is being recognized by customers and is demonstrated by wins and accomplishments that are listed on this slide. Today, we are with our customers at every phase of execution, playing a critical role delivering comprehensive end-to-end capabilities that support enduring missions of consequence around the globe. This was recently demonstrated through a $62 million contract with the Space Force to ensure operational readiness of the Cobra Dame radar system in Alaska. B-2X is extending the capabilities and readiness of the key radar that supports U.S. ballistic missile defense and space domain awareness. On the upper right side of the page, and with the same customer but over 8,000 miles away from Cobra Dane, our value, trust, and ability to provide full lifecycle solutions was further recognized through a $140 million award to support a key Space Force tracking and instrumentation station at the Ascension Islands. Ascension Island combined with Cobra Dane showcased our ability to deliver critical capabilities in support of national security at scale across the globe. V2X is emerging as a critical enabler of our nation's marquee space domain awareness infrastructure. One of our customers' major priorities is ensuring our warfighters have the absolute best training in order to deter threats. Additionally, with military recruiting reaching the highest levels in decades, We believe the demand for training solutions continue to grow and receive strong support for overall troop readiness, as outlined by the administration. This emphasis aligns precisely to where V2X is positioned and growing. For example, during the quarter, we were awarded positions on two training service programs, which are listed on the upper middle section of the slide. These wins, when combined with our WTRS award, completes V2X with the trifecta of premier Army training contracts. From every soldier and every weapon system to every major training installation, V2X supports every stage of the warfighter's training journey with integrated solutions that enhance preparedness and national security. Another top priority of the administration is improving overall readiness capabilities. which is also a core V2X offering and a differentiator. We deliver readiness, multiplying solutions that are generating some of the highest aircraft readiness rates and are well positioned to capitalize on increasing customer demand. This was most recently demonstrated through a $103 million award to provide engineering, upgrade maintenance, and modifications to the Navy C-26 aircraft. This win highlights the Navy's confidence in V2X's ability to deliver mission-capable aircraft with industry-leading readiness rates north of 90%. Our world-class execution backed by customer ratings, global footprint, and comprehensive capabilities are creating avenues and opportunities with new customers that want the V2X solution. This was evidenced in the first quarter with a $100 million reward with the FBI to make sure the aircraft remained fully mission-ready to meet evolving operational demands. This customer saw the performance, solutions, agility, and value V2X is delivering to other customers and sought after V2X to deliver the same operational readiness for their mission. V2X improves customer outcomes with mission-matched solutions. Our past performance has demonstrated our ability to support some of the highest priority national security requirements every single day. This is what makes us a trusted partner and was further validated with the Army's notification to extend several of our log cap task orders into June 2030. This, combined with our recent awards, further strengthens our foundation. Now I'd like to turn it over to Sean, who will discuss how these achievements are significantly improving our visibility and the base from which we can grow. Sean?