PAE Awarded USPS Contract Valued at $63.5M Supporting Los Angeles Mail Transport Equipment Service Center
12 November 2021 - 12:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, has been awarded a
contract supporting the U.S. Postal Service at the Mail Transport
Equipment Service Center in Los Angeles. The contract is valued at
$63.5 million if all options are exercised.
PAE Interim President and CEO Charlie Peiffer
said the Los Angeles award builds on the team’s history of
delivering business process outsourcing expertise at USPS MTESC
facilities across the country since 1998.
“Keeping with our strategy of expanding the
reach of our existing capabilities, PAE will deliver proven
innovations and continuous improvement practices for the U.S.
Postal Service at its Los Angeles MTESC,” Peiffer said. “Our
support of MTESC operations around the country position us to
successfully provide key management and customer service solutions
for critical USPS functions.”
The three-year base contract may be extended to
seven years through two options and includes the processing and
management of mail transport equipment used to enclose and
transport mail. MTESCs throughout the United States manage and ship
transport equipment to USPS and USPS customer facilities.
About PAEFor more than 66
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
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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