PAE Secures $63.5M US Postal Service Contract
- PAE Inc (NASDAQ: PAE) has secured a contract supporting the U.S. Postal Service at the Mail Transport Equipment Service Center in Los Angeles.
- The contract is valued at $63.5 million if all options are exercised.
- The three-year base contract may be extended to seven years through two options and includes the processing and managing mail transport equipment used to enclose and transport mail.
- Price Action: PAE shares are trading higher by 0.10% at $9.93 on the last check Thursday.
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