PAE Inc., which offers operational services to the U.S. government and its allies, said Monday it has struck a deal to be acquired by a unit of Amentum Government Services Holdings LLC in an all-cash transaction valued at about $1.9 billion. Under the terms of the deal, Pae shareholders will receive $10.05 per share in cash, or a roughly 70% premium over the closing price on Oct. 22, the last trading day before the deal was announced.
The U.S. Naval Supply Systems Command Fleet Logistics Center in Yokosuka, Japan awarded a company a seat on a $121 million multiple-award, indefinite-delivery / indefinite-quantity contract to provide worldwide expeditionary supplies and services to support humanitarian and disaster relief, military exercises, and contingencies.
Work will be performed in multiple geographic regions and funds will be obligated on individual task orders as issued by the customers for each area of responsibility.
Department of Defense has awarded a $250,000,000 fixed-price with economic-price-adjustment, indefinite-delivery / indefinite-quantity contract for full-line food distribution.
This is a five-year contract with no option periods. Locations of performance are throughout the U.S., Europe, and Africa, with Oct. 4, 2026, ordering period end date.
