PAE Awarded $30M Task Order on Contract Field Team Maintenance Services IDIQ for Aviation Maintenance and Logistics
July 12 2021 - 7:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader merging technology with
advanced business practices, delivering innovative and efficient
managed solutions to the U.S. government and its allies, was
awarded a task order on the Contract Field Teams’ Maintenance
Services Contract for aviation maintenance and logistics supporting
the U.S. Army’s 1106th Theater Aviation Sustainment Maintenance
Group in Fresno, California. The task order is valued at up to $30
million if all options are exercised.
PAE Interim President and CEO Charlie Peiffer
said the award showcases PAE’s technical expertise built over
nearly four decades continuously supporting U.S. government
customers’ aviation needs.
“PAE’s experience providing aviation services
spans across more than 200 types and variants of aircraft with 75
engine types,” Peiffer said. “We believe that our broad knowledge
paired with our dedication to innovation and continuous improvement
will allow us to deliver the U.S. Army the best solutions for their
critical missions.”
The work has a base period through June 2022
that may be extended to June 2024 through two one-year options. On
the contract, PAE will provide automated logistics support,
maintenance and repair of U.S. Army aircraft and equipment in the
1106th TASMG support region and services for the Army’s National
Maintenance Program.
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
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, risks related to IDIQ contracts, strategy for and
management of growth, needs for additional capital, susceptibility
to claims, litigation and other disputes, and 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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