PAE Awarded $28M Counterdrug Surveillance Systems Task Order on Department of Defense Counternarcotics and Global Threats Contract
August 30 2021 - 8:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader merging technology with
advanced business practices, delivering innovative solutions to the
U.S. government and its allies, was awarded a $28 million
Counterdrug Surveillance Systems task order by the U.S. Department
of Defense on its Counternarcotics and Global Threats contract. PAE
will provide program management, operations and maintenance and
mission support for systems that detect and monitor the transit of
illicit drugs.
PAE Interim President and CEO Charlie Peiffer
said PAE has the specialized expertise needed to support these
systems to meet the program’s mission objectives with this new
work.
“We look forward to expanding our support for
Department of Defense national security initiatives as we apply our
wide-ranging capabilities to technologies combating drug
trafficking operations,” Peiffer said.
PAE’s Infrastructure and Logistics team will
maintain radar systems throughout South and Central America on the
four-year task order, supporting the Department of Defense in its
role as the lead agency for disrupting illicit drug trafficking
activity threatening U.S. national security.
About PAEFor more than 65
years, PAE has tackled the world’s toughest challenges to deliver
agile and steadfast solutions to the U.S. government and host
government partners. 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, bid protests, risks related to IDIQ
contracts, disruptions caused by events outside our
control; 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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