PAE Announces $92M Acquisition of Metis Solutions; John Heller Quoted

PAE Announces $92M Acquisition of Metis Solutions; John Heller Quoted
John Heller, president and CEO of PAE

A PAE subsidiary has entered into a definitive agreement to acquire Metis Solutions Corporation, a provider of intelligence analysis, operational and tactical training and program management, for $92 million in cash, the company announced Monday.

“This acquisition expands and builds scale in intelligence analysis, training and program support, all of which are well-funded market areas of the U.S. government and our allied nations,” said John Heller, president and CEO of PAE and 2020 Wash100 Award recipient.

Through the acquisition, PAE will gain more than eight strategic indefinite-delivery/indefinite-quantity (IDIQ) contract vehicles, with a total ceiling value of more than $60 billion.

“Additionally, in combination with CENTRA Technology, PAE will have significant breadth and depth across the Intelligence and National Security communities in capability and customer access,” Heller added.

PAE’s purchase will expand and develop scale in PAE’s intelligence analysis, training and program support business areas, as well as position PAE with new customers across the intelligence and defense communities.

“We are excited to join PAE and its heritage of service. Our shared cultures of service excellence and innovation make this a compelling combination. Together, we will pursue exciting new revenue opportunities,” said Christopher Wynes, Metis president and CEO. “Joining together with PAE will help accelerate growth in our intelligence and national security business and enable us to pursue a broader customer base across more markets.”

Headquartered in Arlington, Virginia, Metis supports the intelligence community (IC), national security and defense customers, and has more than 450 employees.

The acquisition is expected to close this quarter.

About PAE

For 65 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.

You may also be interested in...

Jay Lambke President GAI

Government Acquisitions Obtains SBA HUBZone Program Certification; Jay Lambke Quoted

Cincinnati, Ohio-based company Government Acquisitions Inc. has been accredited by the Small Business Administration under a program that seeks to provide economic benefits to government contractors from historically underutilized business zones.

Satellite launch

SpaceX Launches Satellite for Multinational Ocean Observation Effort

SpaceX has sent to space a satellite designed to monitor sea levels across the globe under a U.S.-U.K. partnership. The Sentinel-6 Michael Freilich satellite lifted off from Vandenberg Air Force Base on a mission to collect sea level data, support ship navigation and inform weather forecasts, NASA said Sunday.


KBR Gets $65M Navy Contract Modification for Base Support Services

KBR has received a one-year, $64.8M contract modification to carry out base operating support services at various U.S. Navy installations in Djibouti and Kenya.