In 2019, PAE focused on reinvesting and transforming into a growth-oriented industry leader, resulting in its November merger announcement with Gores Holdings III, Inc.
But that wasnât the companyâs only achievement â its National Security Solutions division secured over $1.1 billion in contract wins, including $500 million in new mission-critical awards supporting the intelligence community.
In addition, its Global Missions Services division closed out the year positioned for continued growth and building new markets on the heels of $380 million in contract awards in December 2019, according to CEO John Heller. PAE finished the year with more than $1.35 billion in contracts wins and approximately $4.3 billion â¯in proposals submitted and awaiting award.
Heller has been CEO since December 2013, leading PAEâs growth from $1.6 billion in revenue when he joined to more than $2.5 billion in revenue today. Heâs also seen PAE through several successful acquisitions and the sale of the company from Lindsay Goldberg, LLC to Platinum Equity in 2016.
So, what exactly makes PAE so special?
âOur differentiation comes from being a trusted services provider to the U.S. government for more than 60 years â our unique domain knowledge, our global scale, our access to world-class, qualified, vetted personnel and our distinguished management team,â Heller said.
Plus, the company is investing in PAEâs Smart Services, which uses predictive analysis in areas of smart logistics, smart basing and smart maintenance through PAEâs visual management tools, safety management system and continuous improvement services.
Why Watch:
Heller said PAEâs focus in 2020 remains on being the sought-after provider of innovative solutions in maintaining and security the countryâs critical data, assets, infrastructure, training and IT-enabled business process solutions.
âIn 2020, weâll do so while also expanding into new markets and new services,â he added.