PAE Expands National Security Scope with DTRA Task Order Under CTRIC Program
June 05 2020 - 5:45AM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, was awarded a task
order by the U.S. Defense Threat Reduction Agency under the
Cooperative Threat Reduction Integration Contract III to support
the International Counterproliferation Program and Proliferation
Security Initiative. The new business award has a potential value
of more than $16.6 million over three years.
PAE President and CEO John Heller said the award recognizes the
PAE Counter-Threat Solutions team’s wide-ranging subject matter
expertise and training capabilities.
“DTRA has relied on PAE to support their critical missions with
counterproliferation, capacity-building, training and international
logistics over the past 12 years,” Heller said. “As we expand our
business through new relationships with ICP and PSI, we’ll be
sharing our specialized knowledge base through training essential
to U.S. national security worldwide.”
“PAE is honored to be selected to continue our record of
exceptional service to DTRA by supporting the ICP and PSI
missions,” said PAE Vice President of Counter-Threat Solutions Will
Todd. “Members of my team look forward to applying their unique
skillset to advancing U.S. counterproliferation and maritime
security initiatives around the globe.”
PAE will support up to 47 training events and workshops per
year, including the development and delivery of curricula and
course materials on a variety of specialized national security
topics, focusing on enabling the disruption of weapons of mass
destruction smuggling networks and pathways. After the base year,
the task order may be extended through two one-year options.
ICP and PSI aim to strengthen partner nations’ response to
weapons of mass destruction proliferation and threat networks. ICP
is a Department of Defense-led interagency program authorized to
work in 88 countries alongside the Federal Bureau of Investigation
and Department of Homeland Security. PSI is a global effort that
aims to stop trafficking of weapons of mass destruction, their
delivery systems, and related materials to and from states and
non-state actors of proliferation concern. DTRA supports PSI by
designing, planning and executing international PSI activities
encompassing 107 endorsing countries worldwide.
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 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, risks related to IDIQ 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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