PAE Secures $63.5M US Postal Service Contract

by Akanksha Bakshi, Benzinga Editor

November 11, 2021 3:36 PM | 28 seconds read |

PAE Inc PAE has secured a contract supporting the U.S. Postal Service at the Mail Transport Equipment Service Center in Los Angeles.
The contract is valued at $63.5 million if all options are exercised.
The three-year base contract may be extended to seven years through two options and includes the processing and managing mail transport equipment used to enclose and transport mail.
Price Action: PAE shares are trading higher by 0.10% at $9.93 on the last check Thursday.

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