PAE Incorporated (PAE)

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PAE Inc (NASDAQ: PAE) has achieved the AS9100D standard established by the International Aerospace Quality Group. AS9100D standard recognizes organizations that deliver products and services within aviation, space, and defense fields by setting quality management system requirements.

FALLS CHURCH, Va., Jan. 12, 2022 (GLOBE NEWSWIRE) -- PAE Incorporated (“PAE”) has announced that it has set February 10, 2022 as the meeting date for the virtual special meeting of stockholders (the “Special Meeting”) to consider matters related to the proposed acquisition of PAE by an affiliate of Amentum Government Services Holdings LLC (“Amentum”) in an all-cash transaction valued at approximately $1.9 billion, including the assumption of debt and certain fees (the “Merger” or the “proposed transaction”).

PAE Inc (NASDAQ: PAE) subsidiary Bravour Leistungen GmbH based in Germany, has secured a €95 million (~$107.4 million) single-award, IDIQ contract from the North Atlantic Treaty Organization Support and Procurement Agency. The three-year award has two option years extension.

PAE Inc (NASDAQ: PAE) has secured a contract supporting the U.S. Postal Service at the Mail Transport Equipment Service Center in Los Angeles. The contract is valued at $63.5 million if all options are exercised.

NEW YORK, Nov. 6, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: PAE Incorporated (NASDAQ: PAE)  concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to an affiliate of Amentum Government Services Holdings LLC for $10.05 per share in cash. If you are a PAE shareholder, click here to learn more about your rights and options.

PAE (PAE) delivered earnings and revenue surprises of 121.43% and -11.62%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP305 Broadway, 7th Floor New York, NY 10007 (212) 682-3025 (888) 593-4771 stockinfo@weisslawllp.com Dawson Geophysical Company (NASDAQ: DWSN) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Dawson Geophysical Company (NASDAQ: DWSN) in connection with the proposed acquisition of DWSN by a subsidiary of Wilks Brothers, LLC.

SAN DIEGO & FALLS CHURCH, Va.--(BUSINESS WIRE)--Robbins LLP announces that it is investigating the acquisition of PAE Incorporated (NASDAQ: PAE) by Amentum Government Services LLC. Under the terms of the agreement, PAE stockholders will receive $10.15 in cash for each share of PAE common stock owned. If you own shares of PAE Incorporated, click here. Is the Proposed Acquisition Best for PAE Incorporated (PAE) and Its Shareholders? According to the Proxy Statement, PAE's board approved a merger agreement with Amentum in which PAE will become a wholly owned subsidiary of Amentum. The deal is valued at approximately $1.9 billion and is expected to close in the first quarter of 2022. Robbins LLP is concerned that PAE's board of directors engaged in an unfair process and agreed to an unfair amount to be paid to shareholders. PAE Incorporated (PAE) Shareholders Have Legal Options. If you own shares of PAE Incorporated, contact us to learn more about your legal rights. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Contact us to learn more: Aaron Dumas (800) 350-6003 adumas@robbinsllp.com Shareholder Information Form Robbins LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Attorney Advertising. Past results do not guarantee a similar outcome.

The stock price of PAE Inc (NASDAQ: PAE) increased by over 67.46% yesterday. This is why it happened.

The company has agreed to be acquired by a rival.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of PAE Incorporated (NASDAQ: PAE) to an affiliate of Amentum Government Services Holdings LLC for $10.05 per share in cash is fair to PAE shareholders. Halper Sadeh encourages PAE shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether PAE and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for PAE shareholders; (2) determine whether Amentum is underpaying for PAE; and (3) disclose all material information necessary for PAE shareholders to adequately assess and value the merger consideration. On behalf of PAE shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. Halper Sadeh encourages PAE shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

GERMANTOWN, Md. & FALLS CHURCH, Va.--(BUSINESS WIRE)--Leading government services contractors Amentum Holdings LLC (“Amentum”) and PAE Incorporated (NASDAQ: PAE, PAEWW; “PAE”) announced today a definitive agreement under which an affiliate of Amentum will acquire PAE. The acquisition, once finalized, will create one of the largest providers of critical services to U.S. federal and allied governments, with more than $9 billion of combined revenue over the last 12 months and capabilities spanning synthetic training, sensor-based technologies, intelligence, cyber and IT, spectrum and electronic warfare, space operations, environmental solutions, asset management, and mission support. The all-cash transaction for all outstanding shares of common stock of PAE is valued at approximately $1.9 billion, including the assumption of debt and certain fees. “The acquisition of PAE complements Amentum’s growth into intelligence and technology services, deepens its relationship with key agencies such as the Department of State, NASA and the Intelligence Community, and meaningfully adds to Amentum’s scale, depth of client relationships and breadth of capabilities,” said John Vollmer, Amentum’s CEO. “We look forward to welcoming PAE’s extremely talented employees to the Amentum family. Our complementary capabilities and cultures are expected to propel Amentum to the top of our market by further solidifying our value proposition of employing the best people and offering the most differentiated solutions in support of our clients.” “This strategic combination of two market leading companies will benefit our customers and create increased opportunities for our employees while maximizing shareholder value,” said Charles Peiffer, Interim President and CEO of PAE. The transaction was approved by PAE’s board of directors and is subject to PAE shareholder approval and other customary closing conditions, including regulatory approvals. The transaction is expected to close by the end of the first quarter 2022. Cravath, Swaine & Moore LLP acted as legal counsel to Amentum and Arnold & Porter Kaye Scholer LLP acted as regulatory and government contracts counsel. Morgan Stanley & Co. LLC acted as PAE’s financial advisor; Morgan Stanley & Co. LLC and Raymond James & Associates, Inc. each provided fairness opinions to the PAE Board of Directors in connection with the transaction. Goodwin Procter LLP, Morgan, Lewis & Bockius LLP, and Nichols Liu LLP acted as legal counsel to PAE. About Amentum Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 34,000 people in all 50 states and perform work in 105 foreign countries and territories. Visit us at amentum.com to explore how we deliver excellence for our customers’ most vital missions. About PAE For more than 66 years, PAE has tackled the world’s toughest challenges to deliver agile and steadfast solutions to the U.S. government and its allies. With a global workforce of approximately 20,000 on all seven continents and in approximately 60 countries, PAE delivers a broad range of operational support services to meet the critical needs of our clients. PAE’s headquarters are in Falls Church, Virginia.

Morgan Stanley analyst Matthew Sharpe downgraded PAE Inc (NASDAQ:PAE) to Equal Weight from Overweight, and a price target of $8 (implying an upside of 26%), down from $11. Sharpe mentions that the recent developments in Afghanistan are likely to negatively impact the company's revenue and margins, and potential risk from Iraq exposure is a key debate.

PAE Inc (NASDAQ: PAE) subsidiary Macfadden has secured a task order with a ceiling value of $177.5 million on the indefinite-delivery, indefinite-quantity USAID Humanitarian Assistance Support Contract.  The task order supports activities of USAID's Bureau for Humanitarian Assistance.

PAE, Inc. (PAE) CEO Charlie Peiffer on Q2 2021 Results - Earnings Call Transcript