Amentum has closed its acquisition of PAE Inc., enhancing the company’s capabilities, size and scale.
This includes 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.
“Acquiring PAE is a meaningful step forward in our commitment to being the best partner to our clients,” said Amentum CEO John Vollmer.
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,” the company noted.
“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,” Vollmer said.
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.