FALLS CHURCH, Va., Nov. 23, 2020 (GLOBE NEWSWIRE) — PAE (NASDAQ: PAE, PAEWW), a worldwide chief in delivering good options to the U.S. authorities and its allies, at this time introduced that it has accomplished its acquisition of Metis Options Company. The transaction expands and builds scale in PAE’s choices for intelligence evaluation, coaching and program help — excessive precedence market areas of the U.S. authorities and allied nations.
PAE President and CEO John Heller commented:
“The acquisition of Metis strategically positions PAE with new and attractive customers and contract vehicles across the intelligence and defense communities. PAE, combined with Metis and the recently completed CENTRA Technology acquisition, significantly expands our capabilities across the intelligence and national security communities. These acquisitions deliver significant revenue growth potential as we obtain additional contract vehicles and further expand PAE’s diverse skillsets.”
Along with the strategic market enlargement attributes, the acquisition is anticipated to be accretive to natural income development, adjusted EBITDA margins and free cash circulate per share.
For 65 years, PAE has tackled the world’s hardest challenges to ship agile and steadfast options to the U.S. authorities and its allies. With a worldwide workforce of roughly 20,000 on all seven continents and in roughly 60 nations, PAE delivers a broad vary of operational help providers to satisfy the vital wants of our purchasers. Our headquarters is in Falls Church, Virginia. Discover us on-line at pae.com, on Fb, Twitter and LinkedIn.
This press launch accommodates quite a few “forward-looking statements” as outlined within the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements embrace, however should not restricted to, statements about our expectations and projections relating to the acquisition of Metis Options Company, our expectations and projections relating to the potential affect on our monetary efficiency of the acquisitions of Metis Options Company and CENTRA Expertise, Inc., PAE’s doable or assumed future outcomes of operations, monetary outcomes, backlog, estimation of sources for contracts, technique for and administration of development, enlargement of the enterprise into excessive development and margin market areas, wants for added capital, dangers associated to authorities contracting usually, together with failures to correctly handle tasks and subcontractors, susceptibility to claims, litigation and different disputes, and dangers associated to public well being crises. These forward-looking statements are based mostly on PAE’s administration’s present expectations, estimates, projections and beliefs, in addition to quite a few assumptions regarding future occasions.
These forward-looking statements should not ensures of future efficiency, circumstances or outcomes, and contain quite a few identified and unknown dangers, uncertainties, assumptions and different essential components, lots of that are exterior PAE’s administration’s management, that might trigger precise outcomes to vary materially from the outcomes mentioned within the forward-looking statements.
Ahead-looking statements included on this launch communicate solely as of the date of this launch. PAE doesn’t undertake any obligation to replace its forward-looking statements to replicate occasions or circumstances after the date of this launch besides as may be required by the federal securities legal guidelines.
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Vice President Investor Relations
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Senior Communications Supervisor