PAE Awarded $98M U.S. Navy Contractor Logistics Support Contract to Maintain F-5 Fighter Aircraft
29 September 2021 - 10:00PM
PAE (NASDAQ: PAE, PAEWW), a global leader merging technology with
advanced business practices, delivering innovative solutions to the
U.S. government and its allies, was awarded a $98 million
sole-source, indefinite delivery, indefinite quantity contract by
the Naval Air Warfare Center Aircraft Division. PAE will provide
the U.S. Navy contractor logistics support for F-5 fighter aircraft
on the 18-month contract.
PAE Interim President and CEO Charlie Peiffer said
PAE is uniquely experienced and skilled to deliver solutions on
this contract.
“We look forward to continuing our longstanding
relationship with the U.S. Navy by keeping its F-5 fleet
mission-ready through support backed by our enduring commitment to
excellence,” Peiffer said.
PAE’s Readiness and Sustainment team will perform
all maintenance and logistics support services for 43 F-5F and F-5N
aircraft at Naval Air Station Key West, Florida; Naval Air Station
Fallon, Nevada; Marine Corps Air Station in Yuma, Arizona; and
Naval Air Station Joint Reserve Base New Orleans, Louisiana,
through January 2023.
About PAEFor more than 65 years,
PAE has tackled the world’s toughest challenges to deliver agile
and steadfast solutions to the U.S. government and host government
partners. 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, strategy for and management of growth, needs for
additional capital, risks related to U.S. government contracting
generally, including congressional approval of appropriations, and
risks related to IDIQ contracts. 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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