PAE-Perini Continues Support of U.S. Air Force with Spot on $6.4B AFCAP V Contract Vehicle
PAE Incorporated - Class A (PAE)
Company Research
Source: GlobeNewswire
FALLS CHURCH, Va., April 24, 2020 (GLOBE NEWSWIRE) -- PAE-Perini LLC was selected as one of eight awardees to support the U.S. Air Force on the seven-year Air Force Contract Augmentation Program V. With a ceiling value of $6.4 billion, the indefinite-delivery, indefinite-quantity contract vehicle prepares and executes the U.S. government for rapid responses to urgent mission needs around the world. PAE-Perini received the award after serving on the preceding contract vehicle, AFCAP IV. PAE President and CEO John Heller said the award builds on previous successes of the joint venture between PAE (NASDAQ: PAE, PAEWW) and Perini Management Services, Inc. PAE-Perini fulfilled numerous task orders on AFCAP IV providing military bases with facility maintenance and design engineering services. The joint venture also supported airfield locations worldwide with prepositioned damage repair supplies to help maintain vital operations. “We established a record of delivering dependable soluti
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