PAE Cancels Conference Call to Review Third Quarter 2021 Financial Results

Rhea-AI Summary

PAE (NASDAQ: PAE, PAEWW) has announced the cancellation of its upcoming webcast and conference call originally scheduled for November 4, 2021. This decision is linked to the company's pending acquisition by Amentum Government Services Holdings LLC. PAE will release its third quarter 2021 financial results before the market opens on the same day. Founded over 66 years ago, PAE provides operational support services globally, employing around 20,000 personnel across 60 countries.

Positive

• None.

Negative

• Cancellation of the webcast and conference call may indicate uncertainty during the acquisition process.
• Pending acquisition could lead to operational disruptions or shifts in business strategy.

FALLS CHURCH, Va., Nov. 02, 2021 (GLOBE NEWSWIRE) -- PAE (NASDAQ: PAE, PAEWW) today announced that it will cancel its webcast and conference call previously scheduled for 8 a.m. ET on Thursday, November 4, 2021 as a result of the pending transaction in which PAE agreed to be acquired by an affiliate of Amentum Government Services Holdings LLC. The company will issue a press release announcing third quarter 2021 financial results before the market opens on Thursday, November 4, 2021.

About PAE
For more than 66 years, PAE has tackled the world’s 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 pae.com, on Facebook, Twitter and LinkedIn.

For investor inquiries regarding PAE:
Mark Zindler
Vice President, Investor Relations
PAE
703-717-6017
mark.zindler@pae.com

For media inquiries regarding PAE:
Terrence Nowlin
Senior Communications Manager
PAE
703-656-7423
terrence.nowlin@pae.com

FAQ

Why did PAE cancel its conference call scheduled for November 4, 2021?

PAE canceled the conference call due to its pending acquisition by an affiliate of Amentum Government Services Holdings LLC.

What financial results will PAE announce on November 4, 2021?

PAE will release its third quarter 2021 financial results before the market opens.

What is the significance of the acquisition of PAE by Amentum?

The acquisition may reshape PAE's operational strategies and impact its market position.