PAE Secures Spot On $800M Global Architect-Engineer Services III IDIQ By USAID Bureau

PAE Inc (NASDAQ:PAE) was awarded a seat on the seven-year, $800 million Global Architect-Engineer Services III indefinite-delivery, indefinite-quantity contract by the United States Agency for International Development (USAID) to support infrastructure activities for the agency's Bureau for Development, Democracy, and Innovation.
PAE will compete for task orders to provide services that include infrastructure planning, engineering design, construction supervision, and related support on global projects.
Future task orders will span a wide range of infrastructure services under the technical areas of water and sanitation, environment, transportation, energy, telecommunications, vertical structures, and exterior public space.
Price action: PAE shares are trading lower by 1.69% at $8.75 on the last check Tuesday.

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