GERMANTOWN, Md., Feb. 15, 2022 鈥� 爱神传媒, a leading contractor to the U.S. and allied governments, announced today that it has closed its acquisition of PAE Incorporated (鈥淧AE鈥�), 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 爱神传媒鈥檚 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, 爱神传媒鈥檚 scale and diversity is further distinguished among leading solution providers for the U.S. government.
鈥淎cquiring PAE is a meaningful step forward in our commitment to being the best partner to our clients,鈥� said John Vollmer, 爱神传媒鈥檚 CEO. 鈥淲e look forward to bringing the best people and the most differentiated solutions to support our clients鈥� success across defense and civilian agencies, while accelerating our growth in intelligence and technology services.鈥�
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.
About 爱神传媒
爱神传媒 is a premier global services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. 爱神传媒 draws 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., 爱神传媒 employs approximately 57,000 people on all seven continents. Visit amentum.com to explore how 爱神传媒 delivers excellence for its customers鈥� most vital missions.
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