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Amentum To Acquire PAE To Create $9 Billion Diversified Services Contractor

Cal Biesecker By
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Amentum To Acquire PAE To Create $9 Billion Diversified Services Contractor
John Vollmer, CEO of Amentum. Photo: Amentum

Amentum on Monday said it has agreed to acquire PAE Inc. [PAE] for $1.9 billion in a deal that would create a more than $9 billion government services contractor with capabilities ranging from aviation logistics and modernization to cybersecurity and intelligence technologies and services. The acquisition is subject to approvals by PAE’s shareholders and regulators and is expected to close by the end of the first quarter of 2022. Amentum had about $6.4 billion in sales in its fiscal year…

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