DZSP 21 to Continue Long-Term Support of Joint Navy and Air Force Base Operations in Guam with $545.3M Award
28 August 2020 - 9:30PM
DZSP 21 LLC, a joint venture between PAE (NASDAQ: PAE, PAEWW) and
Parsons Corporation (NYSE: PSN), was awarded a facility and base
operating support services contract by the Naval Facilities
Engineering Command, Pacific, at Joint Region Marianas, Guam. The
contract has a total value of $545.3 million if all options and
extensions are exercised.
“With this award, the Navy recognizes the expertise DZSP 21 has
brought to Joint Region Marianas through facilities and operations
management we’ve performed since 2005,” said PAE Vice President of
Infrastructure and Logistics and DZSP 21 Management Committee
Delegate, Jim Sands. “Our capable team is proud to continue its
legacy of delivering exceptional service to military personnel on
Guam and throughout the Marianas.”
“Supporting our warfighters throughout the Pacific is critical
to ongoing mission success,” said Chris Alexander, executive vice
president of the engineered systems market for Parsons. “We are
proud to work with PAE in setting the standard for joint base
operations support excellence.”
Focused on maintaining its strong partnership with the customer,
DZSP 21 brings an innovative approach to services delivered on
Guam. The PAE-Parsons team’s dedication to continuous improvement
results in responsive and transparent operations support.
The joint venture will manage military facilities, utilities,
port operations, base support vehicles and equipment under the
contract. The U.S. Army National Guard, Department of Defense,
Defense Commissary Agency, Department of Veterans Affairs and Navy
have funded work through the end of the current fiscal year. The
contract may extend beyond the initial mobilization and 12-month
base period with six 12-month option periods, followed by a
three-month demobilization and a six-month services extension
period to be completed by April 2028.
About PAEFor 65 years, PAE has tackled the
world’s toughest challenges to deliver agile and steadfast
solutions to the U.S. government and its allies. With a global
workforce of about 20,000 on all seven continents and in
approximately 60 countries, PAE delivers a broad range of
operational support services to meet the critical needs of our
clients. Our headquarters is in Falls Church, Virginia. Find PAE
online at pae.com, on Facebook, Twitter and LinkedIn.
About ParsonsParsons is a leading disruptive
technology provider in the global defense, intelligence, and
critical infrastructure markets, with capabilities across
cybersecurity, missile defense, space, connected infrastructure,
and smart cities. Please visit parsons.com, and follow
Parsons on LinkedIn and Facebook to learn how
Parsons is making an impact.
Forward-Looking StatementsThis release may
contain a number of “forward-looking statements” as defined in the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to,
statements about each of PAE and Parsons’ possible or assumed
future results of operations, financial results, backlog,
estimation of resources for contracts, strategy for and management
of growth, needs for additional capital, and risks related to U.S.
government contracting generally, including congressional approval
of appropriations and bid protests. These forward-looking
statements are based on each of PAE and Parsons’ management’s
current expectations, estimates, projections and beliefs, as well
as a number of assumptions concerning future events.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside PAE’s management’s control, that
could cause actual results to differ materially from the results
discussed in the forward-looking statements.
Forward-looking statements included in this release speak only
as of the date of this release. Neither PAE nor Parsons undertakes
any obligation to update their forward-looking statements to
reflect events or circumstances after the date of this release
except as may be required by the federal securities laws.
For media inquiries regarding PAE,
contact:Terrence NowlinSenior Communications
ManagerPAE703-656-7423terrence.nowlin@pae.com
For investor inquiries regarding PAE,
contact:Mark ZindlerVice President, Investor
RelationsPAE703-717-6017mark.zindler@pae.com
For media inquiries regarding Parsons, contact:
Bryce McDevitt Senior Director of External
Communications703-851-4425 Bryce.McDevitt@parsons.com
For investor inquiries regarding Parsons,
contact: Dave SpilleVice President, Investor Relations
571-655-8264 Dave.Spille@parsons.com
PAE (NASDAQ:PAE)
Historical Stock Chart
From Jun 2024 to Jul 2024
PAE (NASDAQ:PAE)
Historical Stock Chart
From Jul 2023 to Jul 2024