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PAE - PAE Inc News Story

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Market Cap £530.1m
Enterprise Value £1.12bn
Revenue £1.96bn
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PAE Awarded Task Order by the Southeastern Conference to provide COVID-19 Testing Services for Winter and Spring Sports

Wed 16th December, 2020 1:00pm
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FALLS CHURCH, Va., Dec. 16, 2020 (GLOBE NEWSWIRE) -- PAE (NASDAQ: PAE, PAEWW),
a global leader in delivering smart solutions to the U.S. government and its
allies, was awarded a task order to provide COVID-19 testing services for
winter and spring sports for all 14 universities of the Southeastern
Conference
(https://www.globenewswire.com/Tracker?data=Oj1unA2fdTd3-V_Gca4EWHE0fxQ5QcKXi6MhoRnVLzhjlV93q0t_nj-LWacvQ4E7aFSz9c1Pj7LJP6jPiezYBtX8UA_Vd1elYdaA-ffZPis=). 

PAE, supported by Premier Medical Group, deployed
(https://www.globenewswire.com/Tracker?data=Hjb0xdldPyx1gSEKKQFDJnbZI65qFI7hyZjzz0cGWXT2O89V9uVO86KLtddVP_RPhU6FOAIbFhOLJhN4Hvs2wdU8RkTWWBgTvlLpKfNssiV7LR9dNosiYTv4KbdQ8b4MRxkkCkJ5sTeVsC_NPjEIEDheTBVY3yaUGT9yuDn8Isw=)
teams
(https://www.globenewswire.com/Tracker?data=EmWlVw0Pw4SHI55bHXmaBrAeAZJ0LESVP9i2RfMAIyIr0884ghJYEBVFOGJ969FlvLiRdXTLP6LzPZKOzajaWEKC0CshlwZ-hTtBcJC3StdIBVPW8cMUnES_n9Jh7FmbVhpAyhTskwasAi7Q3D6K4jVEHcb2KLROp_XcgbNxCTI=)to
SEC campuses
(https://www.globenewswire.com/Tracker?data=jJ7FRiyat6TnqdBCKByAefLtUjDvgdx6l-EJXEYigBKVFMeCRF0dEEIOEuFH9vxCKip7dBonsfVDsqCusXYKmuPztoXO9MOdIYB7bMr0TAzMiNEKtM5kNCNtG662O93ZuAeUADySFJExOu_Hhl-trFkeR8rsh0M55CEdyUTl5Ds=)
for COVID-19 testing and related logistics for the safety of its fall sports
programs beginning September 2020. The task order builds on the PAE team’s
support of SEC safety objectives.

“PAE is providing its expeditionary skillset to entities across the country
for COVID-19 response efforts, including these testing services that have
been vital to supporting SEC teams, coaches and staff throughout the fall
season,” PAE President and CEO John Heller said. “With this award, we’re
trusted to maintain these high standards at SEC schools for winter and spring
sports through early June 2021.”

PAE's experience in complex project management and operational logistics is
key to meeting the SEC’s need for a COVID-19 test provider. PAE brings
skills, knowledge and capabilities from a history of providing critical
infectious disease outbreak response and care, extending from the Ebola crisis
in 2014 to current COVID-19 support for the state of Georgia
(https://www.globenewswire.com/Tracker?data=QHZn8MaBRMc7-Qn-JRyrRAftTXyshpFavSVpPBxwIsSRbIfsjn0zli_umWgmK9p0l8bfX3NHDAXe0pjR29ERPGaODUz6tQ34LVnbxobXiTgc1tZbhPjX_4nNa-G6BnDAeU7fvoGNCThbq0XKRLLmHJtmUu2VdLG_wMI7sPm9ZM7YYcRvRRmNq5tDO4O3sbVHizAgy96KcDC_51S0Zr_n4w==)
and the Navajo Nation
(https://www.globenewswire.com/Tracker?data=BbRh9J9h8URWV4AS36yBMLGCP-TCeVPkJU54ekp3eEwQggiao93-UH6YRPJe4PZlbEhpYNFfNtgkWzPwYXnR8oBIvxqEu6dJGHgx5BV2zYFE0gUgx-xvm2nMAY_bjc0Gfg6WhRXxtIxBpQ1jvzCUr06Mk1Rf4dCFwFes3h-xvUKWWwB_4wuKsgBMRBdFVxvbtmnQOXLnRECbxy9u5awURw==).

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
(https://www.globenewswire.com/Tracker?data=PWlN3t47WVoSvU_0QmGFnhpAbdxIZ32vDji778saPfCG0gf6iGvNX2oRqMipDMi6ujq01Ce_C2RxrJmS19hjrg==),
on Facebook
(https://www.globenewswire.com/Tracker?data=QHrQNXVUebmNH0Vrb1CFMDX3ISmKiLog0UJOfGG9iMkbZucYthR3_zGvAU9bIBdmiyQcjEo0DsSoCEzXZGvY3kB-IrrbD_yOpuI0YRg1IkM=),
Twitter
(https://www.globenewswire.com/Tracker?data=6sUVWfi5F7isWWHu9atjaJG_ytH_-9wab2QSZSMe9pOGWkVNPgeNQp68hV01UtDUK3MserzCg9qowhadcmhdAA==)
and LinkedIn
(https://www.globenewswire.com/Tracker?data=NXHbgXkso7hMJBAq3JA7zCYJ0UPSHDYhgnTZOWmE5DkfkTCi-qngZZ-TGaYA9Qf15_6R-frW61EJK7wabHTH3k203KRYUGWkPNIilGDtRKs=).

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 contracting generally,
including failures to properly manage projects and subcontractors,
susceptibility to claims, litigation and other disputes, and risks related to
public health crises. 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. 2020
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