{"id":386227,"date":"2020-11-20T16:33:18","date_gmt":"2020-11-20T21:33:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386227"},"modified":"2020-11-20T16:33:18","modified_gmt":"2020-11-20T21:33:18","slug":"pae-completes-acquisition-of-centra-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/","title":{"rendered":"PAE Completes Acquisition of CENTRA Technology"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">FALLS CHURCH, Va., Nov.  20, 2020  (GLOBE NEWSWIRE) &#8212; PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart solutions to the U.S. government and its allies, today announced that it has completed its acquisition of CENTRA Technology, Inc. The transaction brings new, value-added service and technology offerings to PAE\u2019s portfolio, including intelligence analysis, communication systems integration and research and development services.<\/p>\n<p>PAE President and CEO John Heller commented:<\/p>\n<p>\u201cThe acquisition of CENTRA expands PAE\u2019s addressable market into new, attractive mission-critical business areas, opening up important higher growth and margin market areas for the worldwide PAE enterprise. The combination of PAE\u2019s and CENTRA\u2019s capabilities and experience will position PAE to bid a significantly expanded pipeline of opportunities that were previously not actionable to PAE prior to the acquisition. In addition, through the combination with CENTRA, PAE adds uniquely qualified employees to our global workforce with subject matter expertise across a broad range of critical national security issues.\u201d <br \/>\u00a0\u00a0 <br \/>This transaction brings together complementary capabilities and customer relationships, as well as an attractive IDIQ contract portfolio, to help accelerate PAE\u2019s long-term growth strategy. The acquisition strengthens PAE&#8217;s intelligence, defense and national and homeland security businesses in areas of high priority for the U.S. federal government.<\/p>\n<p>\n        <strong>About PAE<\/strong>\n      <\/p>\n<p align=\"justify\">For 65 years, PAE has tackled the world\u2019s 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. Our headquarters is in Falls Church, Virginia. Find us online at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TZFi7Qed6BlRZVWXEcGZ-zp2x3PTXjGJAA0XZN3bTsLMiJ6RjefzoLi1w9Dc3PhzxPgO8VYQbDqQv3oIlPKvaQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">pae.com<\/a>, on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vKeS6A2FHGxIpyPseX1ZQrFDccu7-qekf2ksDyTrJ1rsBTE0wFBlusH_UOZEck7A_RKhF9FwzQfFbPnenpywDpYv-FT8UHWmcypJxgtPQP8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Facebook<\/u><\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=h-2ZnakWE82UZQVsW-frbFeVdgy2orv_cUT_q51Kwih1zGvXHM3z3v_d7CEJay3UZwuCN7xeUocO7t2WJ6UCGg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Twitter<\/u><\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pczdHqyk6twnClqoXKefB4LfjD1ITAR4LG1gWWJs-KqyRIPOItaiBTHM17efpBza5T7yvHChY2k47rdxjDZBbU6omp9o-PrHZHVGtj1tfDw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>LinkedIn<\/u><\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains a number of \u201cforward-looking statements\u201d as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our expectations and projections regarding the acquisition of CENTRA Technology, Inc., PAE\u2019s possible or assumed future results of operations, financial results, backlog, estimation of resources for contracts, strategy for and management of growth, expansion of the business into high growth and margin market areas, needs for additional capital, risks related to government contracting generally, including failures to properly manage projects and subcontractors, susceptibility to claims, litigation and other disputes, and risks related to public health crises. These forward-looking statements are based on PAE\u2019s management\u2019s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events.<\/p>\n<p>These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside PAE\u2019s management\u2019s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.<\/p>\n<p>Forward-looking statements included in this release speak only as of the date of this release. PAE does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release except as may be required by the federal securities laws.<\/p>\n<p>\n        <strong>For investor inquiries regarding PAE:<\/strong>\n      <\/p>\n<p>Mark Zindler<br \/>Vice President Investor Relations<br \/>PAE<br \/>703-717-6017<br \/>mark.zindler@pae.com<\/p>\n<p>\n        <strong>For media inquiries regarding PAE:<\/strong>\n      <\/p>\n<p>Terrence Nowlin<br \/>Senior Communications Manager<br \/>PAE<br \/>703-656-7423<br \/>terrence.nowlin@pae.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDAzOSMzODMyMjE3IzIxOTM5NjI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ba89e90d-02e5-46af-b124-bb9a9023c0e6\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FALLS CHURCH, Va., Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart solutions to the U.S. government and its allies, today announced that it has completed its acquisition of CENTRA Technology, Inc. The transaction brings new, value-added service and technology offerings to PAE\u2019s portfolio, including intelligence analysis, communication systems integration and research and development services. PAE President and CEO John Heller commented: \u201cThe acquisition of CENTRA expands PAE\u2019s addressable market into new, attractive mission-critical business areas, opening up important higher growth and margin market areas for the worldwide PAE enterprise. The combination of PAE\u2019s and CENTRA\u2019s capabilities and experience will position PAE to bid a significantly expanded pipeline of opportunities that were previously &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PAE Completes Acquisition of CENTRA Technology&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386227","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PAE Completes Acquisition of CENTRA Technology - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PAE Completes Acquisition of CENTRA Technology - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FALLS CHURCH, Va., Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart solutions to the U.S. government and its allies, today announced that it has completed its acquisition of CENTRA Technology, Inc. The transaction brings new, value-added service and technology offerings to PAE\u2019s portfolio, including intelligence analysis, communication systems integration and research and development services. PAE President and CEO John Heller commented: \u201cThe acquisition of CENTRA expands PAE\u2019s addressable market into new, attractive mission-critical business areas, opening up important higher growth and margin market areas for the worldwide PAE enterprise. The combination of PAE\u2019s and CENTRA\u2019s capabilities and experience will position PAE to bid a significantly expanded pipeline of opportunities that were previously &hellip; Continue reading &quot;PAE Completes Acquisition of CENTRA Technology&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-20T21:33:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDAzOSMzODMyMjE3IzIxOTM5NjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pae-completes-acquisition-of-centra-technology\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pae-completes-acquisition-of-centra-technology\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PAE Completes Acquisition of CENTRA Technology\",\"datePublished\":\"2020-11-20T21:33:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pae-completes-acquisition-of-centra-technology\\\/\"},\"wordCount\":555,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pae-completes-acquisition-of-centra-technology\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5MDAzOSMzODMyMjE3IzIxOTM5NjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pae-completes-acquisition-of-centra-technology\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pae-completes-acquisition-of-centra-technology\\\/\",\"name\":\"PAE Completes Acquisition of CENTRA Technology - 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The transaction brings new, value-added service and technology offerings to PAE\u2019s portfolio, including intelligence analysis, communication systems integration and research and development services. PAE President and CEO John Heller commented: \u201cThe acquisition of CENTRA expands PAE\u2019s addressable market into new, attractive mission-critical business areas, opening up important higher growth and margin market areas for the worldwide PAE enterprise. The combination of PAE\u2019s and CENTRA\u2019s capabilities and experience will position PAE to bid a significantly expanded pipeline of opportunities that were previously &hellip; Continue reading \"PAE Completes Acquisition of CENTRA Technology\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-20T21:33:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDAzOSMzODMyMjE3IzIxOTM5NjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PAE Completes Acquisition of CENTRA Technology","datePublished":"2020-11-20T21:33:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/"},"wordCount":555,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDAzOSMzODMyMjE3IzIxOTM5NjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pae-completes-acquisition-of-centra-technology\/","name":"PAE Completes Acquisition of CENTRA Technology - 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