PAE Completes Acquisition of CENTRA Technology
PAE President and CEO
“The acquisition of CENTRA expands PAE’s addressable market into new, attractive mission-critical business areas, opening up important higher growth and margin market areas for the worldwide PAE enterprise. The combination of PAE’s and CENTRA’s capabilities and experience will position PAE to bid a significantly expanded pipeline of opportunities that were previously not actionable to PAE prior to the acquisition. In addition, through the combination with CENTRA, PAE adds uniquely qualified employees to our global workforce with subject matter expertise across a broad range of critical national security issues.”
This transaction brings together complementary capabilities and customer relationships, as well as an attractive IDIQ contract portfolio, to help accelerate PAE’s long-term growth strategy. The acquisition strengthens PAE's intelligence, defense and national and homeland security businesses in areas of high priority for the
For 65 years, PAE has tackled the world’s toughest challenges to deliver agile and steadfast solutions to the
This press release contains 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 our expectations and projections regarding the acquisition of
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 investor inquiries regarding PAE:
Vice President Investor Relations
For media inquiries regarding PAE:
Senior Communications Manager