After sale, PAE Revamps and Consolidates
Source: The Washington Post.
More than a year after being sold by Lockheed Martin, Arlington-based Pacific Architects and Engineers is reestablishing itself, consolidating into one Washington area location, remaking its leadership team and setting its sights on new lines of business.
The services company’s specialties range from training military in developing countries to maintaining and operating embassies and consulates abroad. Bethesda-based contracting giant Lockheed Martin sold the company, better known as PAE, to private-equity firm Lindsay Goldberg after deciding its work no longer fit Lockheed’s business strategy.
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