PAE Awarded Position on $950 Million Air Force IDIQ to Support Foreign Military Sales Transactions
28 June 2021 - 10:00PM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, has been selected
by the U.S. Air Force as one of 22 contractors on an indefinite
delivery, indefinite quantity contract vehicle to support foreign
military sales transactions. The Engineering Assessment,
Procurement, Integration and Contractor Logistics Support contract
is valued at up to $950 million over 13 years.
PAE will compete for task orders to provide
services that include engineering assessments, hardware
procurement, integration of aircraft and intelligence, surveillance
and reconnaissance sensors and contractor logistics
support for foreign military fleets of fixed- and rotary-wing
aircraft and intelligence, surveillance, and reconnaissance
systems.
Interim President and CEO Charlie Peiffer said
the award presents opportunities for PAE to demonstrate a range of
specialized capabilities.
“We believe PAE is uniquely positioned to
deliver customized, innovative solutions for Air Force objectives
on the EPIC program,” Peiffer said. “We plan to offer expertise
that merges new technologies, our capabilities and customer insight
built from a long history supporting Air Force missions around the
world.”
The 13-year contract includes a 10-year ordering
period followed by an additional three-year period of performance.
Work on the contract will be performed at awardee facilities and
Foreign Military Sales locations.
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 and risks related to foreign operations. 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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