PAE Successfully Defends Protest, Retains Position on $835M Air Force IDIQ and $84.3M Task Order Award
September 27 2021 - 7:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader merging technology with
advanced business practices, delivering innovative solutions to the
U.S. government and its host country partners, retained its
position on the U.S. Air Force Rotary Wing Maintenance Contract
Consolidation contract vehicle as the U.S. Government
Accountability Office dismissed a bid protest raised by a
competitor. The indefinite delivery, indefinite quantity contract
vehicle has a ceiling value of $835 million and a 10-year period of
performance. The resolution also permitted the Air Force to
reinstate an initial five-year task order awarded to PAE on the
contract, valued at $84.3 million, to support helicopter
maintenance for training missions with the Air Education and
Training Command at Kirtland Air Force Base in Albuquerque, New
Mexico.
PAE Interim President and CEO Charlie Peiffer
said the Air Force’s award decision highlights the strength of the
PAE’s wide-ranging fleet management capabilities and longstanding
support for the critical needs of the U.S. Air Force.
“With this award, our Readiness and Sustainment
team will have an opportunity to integrate innovations and best
practices while building on our nearly four-decade history
providing aviation support to U.S. government customers, including
the Air Force,” Peiffer said. “We’re ready to deliver
mission-essential services on this initial task order now that the
protest has been dismissed.”
PAE is one of five large business contractors
awarded a seat on the contract vehicle that also includes three
small business awardees. The program consolidates Air Force
helicopter programs for the full-time availability of
mission-capable aircraft and includes functional check flights,
aircrew flight equipment and the maintenance of light caliber
weapons and defensive systems.
PAE serves as the prime contractor on the task
order and will support the maintenance and repair of Air Force
helicopters and associated engines, as well as provide mission
support equipment, technical support and aircrew services in
support of flight crew training missions at Kirtland Air Force
Base.
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 host
government partners. 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, risks related
to U.S. government contracting generally, including congressional
approval of appropriations and bid protests, and susceptibility to
claims, litigation and other disputes. 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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