- PAE Inc PAE has retained its position on the U.S. Air Force Rotary Wing Maintenance Contract Consolidation contract vehicle, as the U.S. Government Accountability Office dismissed a bid protest raised by a competitor.
- The IDIQ contract vehicle has a ceiling value of $835 million and ten years of performance. PAE is one of five business contractors awarded a seat on the contract vehicle.
- The resolution also permitted the Air Force to reinstate an initial five-year task order awarded to PAE on the contract, valued at $84.3 million, to support helicopter maintenance for training missions with the Air Education and Training Command at Kirtland Air Force Base in Albuquerque, New Mexico.
- Price Action: PAE shares are trading higher by 5.80% at $6.02 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Long IdeasNewsContractsSmall CapMoversTrading IdeasBriefsConsumer DiscretionaryMovies & Entertainment
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
