PAE Continues Longstanding U.S. Air Force Support with $158 Million Award for Aircraft and Equipment Maintenance at Eglin Air...
May 21 2020 - 3:15PM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, was awarded a
contract by the U.S. Air Force to manage aircraft and equipment
maintenance supporting 96th Test Wing missions at Eglin Air Force
Base, Florida. The award has a one-year base period of performance,
six one-year options and a potential six-month extension with a
total estimated value of $158 million if all options are exercised.
Through nearly four decades of aviation support for U.S.
government customers, including four branches of the military and
the Department of Homeland Security, PAE has built a reputation for
safe and high-quality aircraft maintenance. PAE President and CEO
John Heller said that reputation, paired with innovative practices,
makes PAE a steadfast partner to the Air Force and its national
security initiatives.
“PAE employs top aviation industry professionals who will lend
their expertise to a full range of maintenance capabilities at
Eglin,” Heller said. “The Air Force missions we support are
successful because of that expertise and process improvements we
implement based on sound data analysis.”
“The Eglin win is a result of the skill, knowledge and ability
of the professional workforce and program leadership,” said PAE
Global Mission Services Vice President Mike Frazier. “PAE is proud
and honored to remain on the Eglin Team and to continue its
partnership with the USAF in maintaining safe and ready
aircraft.”
PAE will provide the personnel, equipment, logistics and
technical support needed to repair, maintain and modify various
aircraft for the 96th Test Wing, including F-15 and F-16 fighter
jets, and maintain support equipment and provide crash recovery
services.
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 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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