PAE Awarded $74.2M Base Operating Support Services Contract by NAVFAC Far East for Services at Marine Corps Air Station Iwakuni, Japan
July 22 2021 - 8:00AM
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 an indefinite delivery, indefinite quantity contract by
Naval Facilities Engineering Systems Command Far East for base
operating support services at Marine Corps Air Station Iwakuni,
Japan. The single-award contract is currently valued at up to ¥8.18
billion (approximately $74.2 million) if all options are
exercised.
PAE Interim President and CEO Charlie Peiffer
said PAE has a respected history supporting U.S. projects in Japan,
and this award builds on the company’s strategy to expand delivery
of innovative solutions in the Asia Pacific Region.
“We’re excited for this opportunity to continue
supporting the critical missions of the Marine Corps at Iwakuni,”
Peiffer said. “Our specialized expertise and established presence
in Japan are ideal for us to deliver the most effective solutions
on this contract.”
This is a new contract that has a 12-month base
period that may be extended to June 2026 through four one-year
options with an additional 60-day demobilization period. On the
contract, PAE will provide maintenance and repair of facilities,
including family housing, custodial services, grounds maintenance,
wastewater operations and maintenance and environmental
services.
About PAE
For 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 Statements
This 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, bid protests, ad risks related to IDIQ
contracts, and risks related to 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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