PAE Awarded Position on $3.3 Billion State Department Global Support Strategy 2.0 IDIQ
07 January 2021 - 12:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, has been selected
as one of three prime contractors on the U.S. Department of State’s
Global Support Strategy 2.0 indefinite delivery, indefinite
quantity contract vehicle, valued at up to $3.3 billion over 10
years. Under this contract, the company will provide integrated
business process solutions to assist with the worldwide processing
of non-immigrant and immigrant visa applications. PAE will compete
for task orders by leveraging the company’s strengths in biometric
collection solutions, secure data processing and integrated
technology services.
Through the contract, which facilitates 98
percent of the State Department’s visa processing across the world,
PAE will have the opportunity to provide integrated solutions for
consular operations at U.S. embassies and consulates in 120
countries.
“Leveraging our innovative capabilities,
enhanced through our 2017 acquisition of FCi Federal, we believe
PAE is uniquely positioned to deliver proprietary, customized,
technology-enabled solutions for the State Department, adding to
our expanding and diverse portfolio of support for the U.S.
government,” said PAE President and CEO John Heller. “This program
highlights PAE’s continued success executing our strategy of
leveraging past acquisitions to apply acquired capabilities, open
significant addressable market areas for growth, and win new
mission-critical programs across the globe.”
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 Statements
This 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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