PAE Awarded U.S. Navy Contract to Support Systems Maintenance, Testing and Installation at U.S. Marine Corps Air Station Iwak...
June 17 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
Naval Facilities Engineering Command Far East contract to provide
heating, ventilation and air conditioning systems maintenance,
testing and installation services at U.S. Marine Corps Air Station
Iwakuni, Japan. The contract has a one-year base period of
performance with three one-year options and an estimated total
value of approximately $25.1 million.
PAE President and CEO John Heller said the award highlights
PAE’s long-respected engineering and operations maintenance
capabilities supporting U.S. projects in Japan.
“PAE started 65 years ago by providing the U.S. government
critical services to rebuild Japan and other parts of Asia after
World War II,” Heller said. “That legacy of dependable service
continues today as we support the Navy at the air station in
Iwakuni.”
The HVAC maintenance contract builds on major projects the PAE
Design and Facility Management entity in Japan has supported as Air
Station Iwakuni expanded over the past decade. Significant projects
include the design of a 131,000-square-foot medical clinic, which
opened in 2018, and a flight training facility, now under
construction.
“The skilled team leading this effort has decades of combined
experience managing design, construction, maintenance and repair
programs in Japan,” said PDFM President Scott Gold. “By
understanding both the technical aspects of the work and local
operational and business standards, we will continue to provide the
effective solutions on which PAE has built its reputation in
Japan.”
On this new business contract, PAE will provide all labor,
management, materials, equipment, facilities, transportation and
engineering to perform HVAC system maintenance, testing and
installation services for all facilities at Air Station
Iwakuni.
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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