PAE Continues Longstanding Air Force Support with Position on Rotary Wing Maintenance IDIQ, Award of Initial Task Order
14 November 2020 - 12:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, was awarded a
position on the U.S. Air Force Rotary Wing Maintenance Contract
Consolidation indefinite delivery, indefinite quantity contract
vehicle, which has a ceiling value of $835 million and a 10-year
period of performance. The Air Force Installation Contracting
Center also awarded PAE an initial five-year task order on the
contract, valued at $84.3 million, to support helicopter
maintenance for training missions with the Air Education and
Training Command at Kirtland Air Force Base in Albuquerque, New
Mexico.
The awards build on PAE’s nearly four decades of
aviation support for U.S. government customers, including four
branches of the military and the Department of Homeland Security.
PAE President and CEO John Heller said this work supporting
critical Air Force missions contributes to a business strategy of
delivering world class aerospace services through innovation and
technology integration.
“PAE’s specialized fleet management expertise is
a clear advantage to winning key Air Force support work,
strengthened by our certified continuous improvement practices,”
Heller said. “Not only does our position on this IDIQ expand our
reach with the Air Force, but it brings the potential to apply our
rotary wing capabilities to the latest technologies, including the
newly acquired MH-139 helicopter.”
PAE is one of five large business contractors
awarded a seat on the contract vehicle that also includes three
small business awardees. The program consolidates Air Force
helicopter programs for the full-time availability of
mission-capable aircraft, including UH-1N and HH-60 helicopters and
V-22 tilt-rotor aircraft. The scope of the contract includes
functional check flights, aircrew flight equipment and the
maintenance of light caliber weapons and defensive systems.
PAE Vice President of Readiness and Sustainment
Cristal Rice said PAE will deliver mission-essential services on
the initial task order for the Air Force’s premier training site
for special operations, combat search and rescue aircrews.
“We’re proud to continue our work with the AETC
program to provide safe and high-quality aircraft maintenance,”
said Rice. “Our services are critical to student pilots as they’re
trained on a wide range of flight specialties in aircraft that we
maintain for the 58th Special Operations Wing.”
PAE serves as the prime contractor on the task
order, with support from subcontractors CLX Support Services and VP
KIRA, to deliver personnel to maintain, repair and functionally
check helicopters and associated engines, as well as provide
mission support equipment, technical support and aircrew services
in support of flight crew training missions at Kirtland Air Force
Base.
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 us
online at pae.com, on Facebook, Twitter and LinkedIn.
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 PAE’s 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, risks related to U.S. government contracting
generally, including congressional approval of appropriations, bid
protests and IDIQs. These forward-looking statements are based on
PAE’s 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. PAE does not undertake any
obligation to update its 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
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