PAE Secures $74.2M Base Operating Support Services Contract By NAVFAC Far East

July 22, 2021 2:27 PM | 1 min read | Make a Comment

PAE Inc PAE has been awarded an IDIQ contract by Naval Facilities Engineering Systems Command Far East for base operating support services at Marine Corps Air Station Iwakuni, Japan.
The single-award contract is currently valued at up to ¥8.18 billion (~$74.2 million). The contract has a 12-month base period that may be extended to June 2026 through four one-year options with an additional 60-day demobilization period.
Under the contract, PAE would provide maintenance and repair of facilities, including family housing, custodial services, grounds maintenance, wastewater operations, and maintenance and environmental services.
Price action: PAE shares traded lower by 1.25% at $9.47 on the last check Thursday.

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