Germantown’s Amentum Completes $1.9 Billion Acquisition of PAE

Earlier this week, Germantown-based Amentum announced the $1.9 billion 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.

Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy and environment. Headquartered in Germantown, Md., the company employs more than 37,000 people in all 50 states and performs work in 105 foreign countries and territories.

Earlier this month, we reported the company announced that the U.S. Air Force has awarded DynCorp International LLC, an Amentum subsidiary, a $147 million contract to provide maintenance and sustainment services in support of the U.S. Air Forces in Europe Global Prepositioned Materiel Services program. The contract consists of a base year and eight option years.

Additional information can be found in the press release below:

GERMANTOWN, Md., Feb. 15, 2022Amentum, 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.

The combination with PAE adds to and enhances Amentum’s industry-leading capabilities, including the areas of synthetic training, sensor-based technologies, intelligence, cyber and IT, spectrum and electronic warfare, secure satellite communication connectivity, space operations, environmental solutions, asset management, and mission support. Additionally, with more than $9 billion of combined revenue over the last 12 months, Amentum’s scale and diversity is further distinguished among leading solution providers for the U.S. government.

“Acquiring PAE is a meaningful step forward in our commitment to being the best partner to our clients,” said John Vollmer, Amentum’s CEO. “We look forward to bringing the best people and the most differentiated solutions to support our clients’ success across defense and civilian agencies, while accelerating our growth in intelligence and technology services.”

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.

 

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AC Milan Soccer Camp at Maryland Soccerplex

AC Milan Academy is hosting a soccer camp at Maryland Soccerplex from March 1st through March 3rd for girls and boys aged 5 to 16 from any club who want to develop their soccer skills and learn the unique methodology of AC Milan directly from AC Milan coaches.

March 1st (Friday) 6pm-7:30pm

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Price: $349 + AC Milan Junior Camp Kit

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