PAE Awarded Key Task Orders on Contract Field Team IDIQ Supporting Lemoore Naval Aviation Maintenance Center for Excellence a...
31 December 2020 - 12:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, was awarded two
new business task orders with a combined value of up to $151.8
million. The task orders were awarded under the U.S. Air Force
Contract Field Team Services indefinite delivery, indefinite
quantity services contract, which has a ceiling value of $11.4
billion. Through these awards, PAE will support aircraft
maintenance at the Naval Aviation Maintenance Center for Excellence
at Naval Air Station Lemoore in California and for United States
Army Pacific at locations in Alaska, Hawaii and Korea.
President and CEO John Heller said PAE’s
aircraft maintenance service solution model positioned the company
for the NAS Lemoore task order, valued at $95.7 million if all
options are exercised. PAE will support the station’s NAMCE, a
Naval Aviation Enterprise initiative begun in 2018 to improve the
readiness of F/A-18E/F fighter jets under Strike Fighter Wing
Pacific.
“Continuing on our decades of support for the
Navy’s most critical national security initiatives, PAE is now
trusted to safely and dependably return aircraft back to fleet
squadrons as mission-capable aircraft following critical
maintenance,” Heller said.
In addition to placing down aircraft back into
service, PAE will provide reconstitution of logbooks, documents and
records, corrosion treatment and prevention, and planned
maintenance interval inspections on the task order at Lemoore
through November 2023.
“Under the second task order award we will
support the U.S. Army Pacific, expanding our aircraft maintenance
operations to support 268 Army aircraft at locations in the Pacific
crucial to U.S. security missions,” Heller said.
PAE will provide field and sustainment-level
maintenance and modification work order support for AH-64, CH-47
and UH-60 helicopters through January 2023 on the USARPAC task
order, valued at $56.1 million if all options are exercised. Work
will also include logistics support and port operations.
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
press 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, risks related to IDIQ contracts, strategy for and
management of growth, needs for additional capital, risks related
to U.S. government contracting generally, including congressional
approval of appropriations, and bid protests. 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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