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PAE - PAE Inc News Story

$7.92 -0.0  -0.4%

Last Trade - 19/04/21

Sector
Industrials
Size
Mid Cap
Market Cap £527.1m
Enterprise Value £1.11bn
Revenue £1.94bn
Position in Universe 3128th / 6849

PAE Awarded Seat on Department of Justice MEGA 5 IDIQ

Thu 18th February, 2021 1:30pm
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FALLS CHURCH, Va., Feb. 18, 2021 (GLOBE NEWSWIRE) -- PAE (NASDAQ: PAE, PAEWW),
a global leader in delivering smart solutions to the U.S. government and its
allies, was awarded a seat on the U.S. Department of Justice MEGA 5 Automated
Litigation Support Services indefinite delivery/indefinite quantity
multiple-award contract vehicle. PAE is one of the companies that will compete
for task orders on MEGA 5.

“Our National Security Solutions division will continue providing
exceptional service through our core capabilities that past MEGA programs have
depended upon,” said PAE President and CEO John Heller.

MEGA 5 supports Department of Justice attorneys throughout the course of
litigation across all eight of the agency’s litigating divisions with a wide
range of professional services.

About PAE
For 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
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Forward-Looking Statements

This 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. 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 Nowlin
Senior Communications Manager
PAE
703-656-7423
terrence.nowlin@pae.com

For investor inquiries regarding PAE, contact:

Mark Zindler
Vice President, Investor Relations
PAE
703-717-6017
mark.zindler@pae.com


(https://www.globenewswire.com/NewsRoom/AttachmentNg/fcc8a68c-a0d6-41da-9db8-5dd40cc2bf70)



GlobeNewswire, Inc. 2021
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