January 3, 2023 | International, Aerospace
Egypt buys 12 Chinook helos from Boeing
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May 20, 2020 | International, Aerospace, Security
PAE awarded ten-year contract to provide aircraft maintenance to the U.S Customs and Border Protection Agency
May 19, 2020 - Falls Church, Va. – PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart solutions to the U.S. government and its allies, was awarded the National Aviation Maintenance and Logistics Services contract by U.S. Customs and Border Protection, an agency of the U.S. Department of Homeland Security.
The contract has a one-year base period of performance with nine one-year options, a potential three-month extension and an estimated total value of more than $1.26 billion.
PAE President and CEO John Heller said the award recognizes PAE's dependability and specialized expertise for aircraft maintenance.
“With our long track record serving CBP's aircraft maintenance needs, PAE has proven to be a trusted partner in supporting U.S. national security,” Heller said. “We look forward to continuing our support to this critical national security customer as we apply our innovative solutions supporting the CBP mission and fleet of over 200 aircraft.”
“This is truly a team win and a tribute to the more than 650 dedicated men and women on this program,” said PAE Vice President of CBP Program Management Rob Ulses. “These hard-working individuals have established a real partnership with CBP that allows us not only to support day-to-day operations, but to adapt and react to special missions.”
PAE will continue to provide safe and ready aircraft to ensure the U.S. government meets operational commitments to safeguard America's borders. PAE will provide this essential support from aviation operational sites at military bases, civilian airfields and alternate locations across the United States. The broad scope of work extends from scheduled and unscheduled aircraft maintenance and repair to managing fueling, logistics and supplies.
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, 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, strategy for and management of growth, needs for additional capital, risks related to U.S. government contracting generally, including congressional approval of appropriations, and contract delays or cancellations caused by competitors' bid protests of contract awards received by us. 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
View source version on PAE: https://www.pae.com/news/pae-awarded-ten-year-contract-provide-aircraft-maintenance-us-customs-and-border-protection
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June 22, 2023 | International, Aerospace
Setbacks and success: Two drone makers forge a footprint in Ukraine
Latvia-based Atlas and Turkey's Baykar are moving forward with plans to produce drones locally so Ukrainian troops can get them faster.
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May 25, 2020 | International, Aerospace
The U.S. Navy’s New Drone Could Team Up With Stealth Fighters
The U.S. Navy is spending $13 billion buying 72 MQ-25 Stingray tanker drones for its 11 aircraft carriers. The idea is for the Boeing BA-made MQ-25s to refuel manned fighters, extending their range while also relieving the fighter squadrons of their own tanking duties. But the MQ-25 always had potential to be more than just an aerial-refueler. With its stealthy airframe and high endurance, it could be a surveillance plane and even a light strike platform, too. At least one fleet community isn't waiting for the Navy and Boeing to adapt the MQ-25 to other missions. The fleet's airborne command-and-control weapons school at Naval Base Ventura County in Point Mugu, California, already thinks of the Stingray as more than a tanker. Robbin Laird, a military analyst and writer, spoke to Cmdr. Christopher Hulitt, the head of the school, and summarized the conversation at Second Line of Defense. Laird and Hulitt's main point is that the Navy is acquiring new aircraft with highly-sophisticated communications systems and sensors. The F-35C stealth fighter. The E-2D early-warning plane. The MQ-4C high-altitude drone. And the MQ-25. Where before, E-2s would fly over a maritime battle, detecting targets and relaying commands to fighters, now a new system is coming together. The F-35C, E-2D, MQ-4C and MQ-25 all possess the qualities of a sensor- and command-and-control platform. So instead of passing information just one way—from an E-2 to a fighter—in coming years info could begin moving in all directions. An F-35C in stealth mode might detect an enemy ship using its passive sensors and beam, via secure datalink, the target's general location to the nearby MQ-25 that just refueled the F-35C. The MQ-25 could hand off the data to an E-2D. The E-2D crew could instruct the operators of an MQ-4C to steer their drone toward the enemy ship's location. Once the MQ-4C pinpoints the ship, the E-2D could then pass the targeting data back to the F-35C as well as to other allied vessels and planes, all of which could fire missiles. Imagine this whole process happening in minutes. “It is about deploying an extended trusted sensor network, which can be tapped through various waveforms, and then being able to shape how the decision-making arc can best deliver the desired combat effect,” Laird wrote. The Navy hopes to deploy the first MQ-25s as early as 2024. https://www.forbes.com/sites/davidaxe/2020/05/22/the-us-navys-new-drone-could-team-up-with-stealth-fighters/#9bc4fd875e2e