PAE Expands Work for DOJ Criminal Division with $400M IDIQ as GAO Dismisses Protest
April 16 2020 - 7:30AM
PAE Incorporated (NASDAQ: PAE, PAEWW) has retained its December
award for the U.S. Department of Justice International Criminal
Investigative Training Assistance Program and Overseas
Prosecutorial Development, Assistance and Training Worldwide
Support Services indefinite delivery, indefinite quantity single
award contract as the U.S. Government Accountability Office
dismissed an award protest raised by the incumbent contractor
earlier this month.
PAE President and CEO John Heller said that with a period of
performance of one base year and six one-year option periods, the
contract represents significant long-term growth to PAE’s revenue
and backlog of work.
“We were confident our winning proposal clearly outlined PAE’s
value to the Justice Department’s national security efforts that
rightly secured the initial award,” Heller said. “This contract
expands on the outstanding growth our Global Mission Services team
has brought to the organization in the past few years and provides
an ongoing opportunity to showcase our strong performance. We’ve
built a reputation of consistency and dependability supporting U.S.
government efforts to keep our nation safe across the world. Our
operations are ready to initiate the execution of the contract and
begin the transition.”
The ICITAP/OPDAT contract, with a ceiling value of $400 million,
expands PAE’s reach in support of the Justice Department within the
agency’s Criminal Division. It builds on PAE’s long history of
supporting U.S. government peacekeeping endeavors globally,
including the State Department’s Africa Peacekeeping Program,
Global Peace Operations Initiative and Global Anti-Terrorism
Assistance Training Service.
In countries across the globe, ICITAP and OPDAT develop
professional law enforcement and criminal justice institutions that
can effectively combat terrorism, terrorism financing, money
laundering, economic crime, organized crime, corruption,
cybercrime, intellectual property crime, and trafficking in persons
and narcotics, among other crimes. In building reliable
foreign partners, developing accountable legal institutions, and
promoting the rule of law, ICITAP and OPDAT advance U.S. law
enforcement goals and national security interests worldwide. In
partnership with the Departments of State and Defense and from the
U.S. Agency for International Development, OPDAT and ICITAP deliver
assistance, which is instrumental – not only in stopping
transnational criminal activity before it reaches the United States
– but also in combating transnational criminal activity directly
impacting the United States through their strong foreign law
enforcement relationships, resulting in timely information sharing
and case cooperation with foreign law enforcement officials.
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 more than 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, 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. 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.
Terrence Nowlin, Senior Communications Manager
Contact with media inquiries regarding PAE
703-656-7423
terrence.nowlin@pae.com
Mark Zindler, Vice President of Investor Relations
Contact with investor inquiries regarding PAE
703-717-6017
mark.zindler@pae.com
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