PAE Awarded $12.8M Contract by USAID/Bangladesh for Feed The Future Bangladesh Agricultural Infrastructure Development Activ...
June 23 2021 - 7:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
development solutions to the U.S. government and its partner
nations, was awarded a five-year, $12.8 million contract by the
United States Agency for International Development to support the
Agency’s Feed the Future Bangladesh Agricultural Infrastructure
Development Activity.
PAE will build the capacity of the Government of
Bangladesh’s Local Government Engineering Department to modernize
infrastructure in priority rural farming communities. The Activity
will consist of improvements to roads, irrigation and drainage
systems, as well as market and collection centers, and cold storage
facilities as a means of increasing access to markets,
strengthening agricultural production, and improving farmers’
livelihoods.
PAE Interim President and CEO Charlie Peiffer
said the team combines its global infrastructure experience with
local, technical expertise to allow it to bring innovative, yet
practical ideas to this important program.
“USAID has a strong history of supporting
agricultural infrastructure development in Bangladesh and PAE is
excited for the opportunity to build on this success,” Peiffer
said. “We look forward to bringing local government, rural farmers
and the private sector together to deliver impactful results.”
PAE will strengthen the LGED’s capacity to
strategically plan, construct and maintain rural infrastructure in
the Feed the Future Zone of Influence and the USAID/Bangladesh Zone
of Resilience target geographic areas. To minimize post-harvest
losses, the work will improve roads, support irrigation operations
and maintenance, and develop best practices for lasting,
sustainable change.
About PAEFor more than 65 years, PAE has
tackled the world’s toughest challenges to deliver agile and
steadfast solutions to the U.S. government and its partner nations.
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.
About USAID in BangladeshThe U.S. government,
through USAID, has provided more than $8 billion in development
assistance to Bangladesh since its independence. Additionally, the
U.S. government has committed $84 million of assistance from
multiple agencies to support COVID-19 response efforts. In 2020,
USAID alone provided over $200 million to improve the lives of
people in Bangladesh through programs that expand food security and
economic opportunity, improve health and education, promote
democratic institutions and practices, protect the environment, and
increase resilience to climate change.
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, and risks from operating internationally. 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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