PAE Continues Long-Standing USPS Support with $12.4M Award
April 22 2020 - 6:30AM
FALLS CHURCH, Va. – PAE (NASDAQ: PAE, PAEWW), a global leader in
delivering smart solutions to the U.S. government and its allies,
has been awarded a contract valued at more than $12.4 million to
continue supporting the U.S. Postal Service at its Milwaukee Mail
Transport Equipment Service Center.
PAE President and CEO John Heller said the award recognizes
PAE’s long-standing track record of delivering best-in-class
solutions in managing high volume and process-driven programs that
require specialized business process outsourcing expertise.
“We provide the distinct capabilities the Postal Service needs
and an outstanding management approach that delivers innovative
solutions,” Heller said. “PAE helped open the MTESC in Milwaukee in
2006 and we have an opportunity to strengthen that relationship and
further our productivity initiatives here as we transition
operations to a new facility this spring.”
The one-year contract, which has an option for a 24-month
extension, includes the production and management of mail transport
equipment, including sacks, trays, lids, pallets and wheeled
containers used to enclose and transport mail.
About PAE
For 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 more than 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, strategy for and management of growth,
needs for additional capital, risks related to U.S. government
contracting generally, including congressional approval of
appropriations. 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.
Terrence Nowlin, Senior Communications Manager
Contact with media inquiries regarding PAE
703-656-7423
terrence.nowlin@pae.com
Mark Zindler, Vice President of Investor Relations
Contact with investor inquiries regarding PAE
703-717-6017
mark.zindler@pae.com
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