PAE Awarded Ten-Year Contract to Provide Aircraft Maintenance to the U.S. Customs and Border Protection Agency
May 19 2020 - 4:15PM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, was awarded the
National Aviation Maintenance and Logistics Services contract by
U.S. Customs and Border Protection, an agency of the U.S.
Department of Homeland Security. The contract has a one-year base
period of performance with nine one-year options, a potential
three-month extension and an estimated total value of more than
$1.26 billion.
PAE President and CEO John Heller said the award recognizes
PAE’s dependability and specialized expertise for aircraft
maintenance.
“With our long track record serving CBP’s aircraft maintenance
needs, PAE has proven to be a trusted partner in supporting U.S.
national security,” Heller said. “We look forward to continuing our
support to this critical national security customer as we apply our
innovative solutions supporting the CBP mission and fleet of over
200 aircraft.”
“This is truly a team win and a tribute to the more than 650
dedicated men and women on this program,” said PAE Vice President
of CBP Program Management Rob Ulses. “These hard-working
individuals have established a real partnership with CBP that
allows us not only to support day-to-day operations, but to adapt
and react to special missions.”
PAE will continue to provide safe and ready aircraft to ensure
the U.S. government meets operational commitments to safeguard
America’s borders. PAE will provide this essential support from
aviation operational sites at military bases, civilian airfields
and alternate locations across the United States. The broad scope
of work extends from scheduled and unscheduled aircraft maintenance
and repair to managing fueling, logistics and supplies.
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
contract delays or cancellations caused by competitors’ bid
protests of contract awards received by us. 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
PAE (NASDAQ:PAE)
Historical Stock Chart
From Mar 2024 to Apr 2024
PAE (NASDAQ:PAE)
Historical Stock Chart
From Apr 2023 to Apr 2024