Bravour, a PAE Company, Awarded €95M On Base IDIQ by NATO for Vehicle Services in Europe
December 02 2021 - 8:00AM
Bravour Leistungen GmbH, a wholly owned subsidiary of PAE (NASDAQ:
PAE, PAEWW) based in Germany, was awarded a €95 million
(approximately $107.4 million at the time of publication)
single-award, indefinite delivery/indefinite quantity contract by
the North Atlantic Treaty Organization Support and Procurement
Agency. The three-year award may be extended by two option years.
Under this contract, Bravour will provide services for U.S.
military vehicles at facilities throughout Europe.
PAE Interim President and CEO Charlie Peiffer
said the award to Bravour expands PAE’s Readiness and Sustainment
team support for NATO missions.
“NSPA depends on PAE through Bravour to deliver
solutions through our unique capabilities to support critical NATO
missions,” Peiffer said. “We look forward to continuing that
essential work with this award.”
In addition to vehicle services supporting NATO
efforts, Bravour delivers solutions for various NSPA initiatives
across Europe, including the management of hazardous material
management system operations, ammunition X-ray operations and
quality assurance and surveillance inspection support.
About PAEFor more than 66
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, risks related to IDIQ contracts, risks related to
operating internationally, and risks related to U.S. government
contracting generally. 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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