What does PAE company stand for?

Pacific Architects and Engineers
Pacific Architects and Engineers (commonly known as PAE, or PA&E) is an American defense and government services contractor. Founded in 1955 by Edward Shay, it is headquartered in Arlington, Virginia. For a time after 2016 it was owned by Platinum Equity until it became listed on Nasdaq in 2018.

How much did PAE sell for?

FALLS CHURCH, Va., February 15, 2022 – PAE Incorporated (“PAE”) today announced the completion of its acquisition by an affiliate of Amentum Government Services Holdings LLC for approximately $1.9 billion in cash, including the assumption of debt and certain fees (the “Merger”).

Is PAE a big company?

A Fortune 1000 company, PAE employs about 20,000 workers across approximately 60 nations; Amentum has 34,000 employees stationed in all 50 states and 105 foreign nations and territories.

Is PAE a Lockheed Martin company?

The new organization known as PAE, a Lockheed Martin Company, is a wholly- owned subsidiary of the Corporation. It is part of the Information & Technology Services segment of the Corporation.

Who owns PAE?

Amentum Government Services Holdings LLCPacific Architects and Engineers / Parent organization

How many employees does Pae have?

With more than $2.7 billion in annual revenue, a workforce of more than 20,000, an operational presence in approximately 60 countries and a persistent presence on all seven continents, PAE delivers smart, secure, mission-critical operational support, information analysis and business process services.

Is PAE being sold?

GERMANTOWN, Md., Feb. 15, 2022 – Amentum, a leading contractor to the U.S. and allied governments, announced today that it has closed its acquisition of PAE Incorporated (“PAE”), a global leader in delivering innovative mission-critical solutions to the U.S. government and its allies on all seven continents.

What happen to PAE?

FALLS CHURCH, Va., Feb. 15, 2022 (GLOBE NEWSWIRE) — PAE Incorporated (“PAE”) today announced the completion of its acquisition by an affiliate of Amentum Government Services Holdings LLC for approximately $1.9 billion in cash, including the assumption of debt and certain fees (the “Merger”).

What is it like to work for PAE?

PAE was a good company to work for. The benefits were respectable and the corporate side let us do our job appropriately. Eight months into the job, I received an offer from another company, supporting a related program, for a position with a 15% pay increase and a location closer to home.

Who acquired PAE?

Amentum
GERMANTOWN, Md., Feb. 15, 2022 – Amentum, a leading contractor to the U.S. and allied governments, announced today that it has closed its acquisition of PAE Incorporated (“PAE”), a global leader in delivering innovative mission-critical solutions to the U.S. government and its allies on all seven continents.

Is Pae a good buy?

PAE has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

How many employees does PAE have?

20,000Pacific Architects and Engineers / Number of employees (2020)