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Colorado Springs defense contractor Vectrus operates out of offices at 2424 Garden of the Gods Road on the city’s northwest side. The company reported a slight decline in third-quarter profits despite a 30.4% jump in revenue.

Colorado Springs-based defense contractor Vectrus on Tuesday reported a slight decline in third-quarter profits despite a 30.4% jump in revenue, citing nearly $6 million in costs and write-downs related to acquisitions.

Contract wins, acquisition help Colorado Springs defense contractor bounce back from pandemic

Vectrus said earnings fell 1.3% from $10.4 million, or 88 cents a share, during last year's third quarter to $10.3 million, or 87 cents a share, this year. Revenue during the July-to-September period rose nearly $107 million to $459.4 million. Earnings in the first nine months of the year nearly doubled to $38.2 million, or $3.23 a share, while revenue was up 31.2% to $1.36 billion.

Colorado Springs defense contractor wins $40 million in Air Force work orders

Vectrus CEO Chuck Prow told stock analysts on a conference call Tuesday  that the company's $4.9 billion contract backlog, led by several new Navy contracts and growth in work in Asia and the Pacific region, will "lead to growth in 2022."

Wayne Heilman, The Gazette

Colorado Springs companies finding 2021 much better to bottom line

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