- 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.
Bond Yields Are Rising Dramatically: These 2 Dividend ETFs Have Them Beat
The two-year U.S. treasury yield reached 4.167% on Friday. The 10-year U.S. treasury yield hit 3.762%. This allows the yield curve to remain in an inverse relationship, which typically points to a recession.
