** Shares of defense contractor V2X Inc VVX.N down 4.7% post-market to $49.88 after secondary offering announced
** Mclean, Virginia-based co says 2 mln shares sold by Vertex Aerospace Holding with RBC as sole underwriter
** Post offering, Vertex Aerospace, which is run by private equity firm American Industrial Partners, will continue to own ~12.2 mln shares, or approx 38.4% of the co
** With ~31.7 mln shares outstanding, co has roughly $1.7 bln market cap
** VVX shares on Thurs closed up 0.9% at $52.31, up 9% YTD
** Of 11 analysts covering VVX, recommendation breakdown is 7 "strong buy" or "buy", 2 "hold" and 2 "sell"; median PT of $57 down from $63.50 a month ago - LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.