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FALLS CHURCH, Va., June 28, 2021 (GLOBE NEWSWIRE) -- PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart solutions to the U.S. government and its allies, has been selected by the U.S. Air Force as one of 22 contractors on an indefinite delivery, indefinite quantity contract vehicle to support foreign military sales transactions. The Engineering Assessment, Procurement, Integration and Contractor Logistics Support contract is valued at up to $950 million over 13 years.

PAE will compete for task orders to provide services that include engineering assessments, hardware procurement, integration of aircraft and intelligence, surveillance and reconnaissance sensors and contractor logistics supportfor foreign military fleets of fixed- and rotary-wing aircraft and intelligence, surveillance, and reconnaissance systems.

Interim President and CEO Charlie Peiffer said the award presents opportunities for PAE to demonstrate a range of specialized capabilities.

We believe PAE is uniquely positioned to deliver customized, innovative solutions for Air Force objectives on the EPIC program, Peiffer said. We plan to offer expertise that merges new technologies, our capabilities and customer insight built from a long history supporting Air Force missions around the world.

The 13-year contract includes a 10-year ordering period followed by an additional three-year period of performance. Work on the contract will be performed at awardee facilities and Foreign Military Sales locations.

About PAEFor 65 years, PAE has tackled the worlds 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 PAEs 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 and risks related to foreign operations. These forward-looking statements are based on PAEs managements 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 PAEs managements 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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PAE Awarded Position on $950 Million Air Force IDIQ to Support Foreign Military Sales Transactions - GlobeNewswire