PAE-Perini Continues Support of U.S. Air Force with Spot on $6.4B AFCAP V Contract Vehicle
April 24 2020 - 6:30AM
PAE-Perini LLC was selected as one of eight awardees to support the
U.S. Air Force on the seven-year Air Force Contract Augmentation
Program V. With a ceiling value of $6.4 billion, the
indefinite-delivery, indefinite-quantity contract vehicle prepares
and executes the U.S. government for rapid responses to urgent
mission needs around the world. PAE-Perini received the award after
serving on the preceding contract vehicle, AFCAP IV.
PAE President and CEO John Heller said the award
builds on previous successes of the joint venture between PAE
(NASDAQ: PAE, PAEWW) and Perini Management Services, Inc.
PAE-Perini fulfilled numerous task orders on AFCAP IV providing
military bases with facility maintenance and design engineering
services. The joint venture also supported airfield locations
worldwide with prepositioned damage repair supplies to help
maintain vital operations.
“We established a record of delivering
dependable solutions on AFCAP IV,” Heller said. “The Air Force
recognized they could rely on our engineering support and logistics
for the delivery of mission critical supplies. PAE-Perini was
awarded task orders, including $96.5 million in base operations
services at Kirtland Air Force Base, in recognition of the joint
venture’s service excellence. We’re proud our performance across a
breadth of capabilities led to the Air Force extending that
relationship with AFCAP V.”
PAE-Perini LLC is a joint venture combining
PAE's specialized expertise in global contingency operations with
Perini's worldwide construction capabilities. The partnership’s
global reach and wide-ranging skill set applied through AFCAP V
supports the U.S. government in reacting to the needs of worldwide
missions and contingencies, providing infrastructure solutions
during disaster support and recovery. Awardees will compete for
task orders anticipated to begin in the second quarter of 2020.
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.
About Perini Management Services,
Inc.
Perini Management Services, Inc. is a wholly
owned subsidiary of Tutor Perini Corporation (NYSE: TPC)
specializing in design-build construction for U.S. federal
agencies, both within and outside the continental United States.
Tutor Perini Corporation is a leading civil, building and specialty
construction company offering diversified general contracting and
design-build services to private clients and public agencies
throughout the world. We have provided construction services since
1894 and have established a strong reputation within our markets by
executing large, complex projects on time and within budget while
adhering to strict quality control measures. Learn more about
Perini Management Services, Inc. at pmsi.tutorperini.com.
Forward-Looking Statements
This press release may contain forward looking
statements, including but not limited to the contract discussed
above, future results of operations, and risks relating to U.S.
government contracting, including congressional approval of
appropriations, bid protests, and IDIQ contracts.
Forward-looking statements are not guarantees of future
performance, conditions, or results, and involve a number of known
and unknown risks, uncertainties, and other important factors that
could cause actual results to differ materially.
Forward-looking statements included in this release speak only as
of the date of this release, and we do not undertake any obligation
to update our forward-looking statements to reflect events or
circumstances after the date of this release, except as may be
required by applicable law.
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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