Amentum completed the acquisition of PAE from Platinum Equity for $1.9bn.

Amentum, a premier global government and private-sector partner, completed the acquisition of Pacific Architects and Engineers, an American defense and government services contractor, from Platinum Equity for $1.9bn. "By achieving an approximately 70% premium over PAE’s closing price on October 22, 2021, PAE’s Board believes this transaction will deliver significant value for PAE’s shareholders. This is a historic milestone in PAE’s legacy of service to the US Government spanning over 66 years. I want to commend Interim President and CEO Charlie Peiffer and the rest of the PAE management team for their outstanding work in getting the transaction to this point given many competing demands," Marshall Heinberg, PAE Chairman of the Board of Directors.