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Air Force Research Lab Awards KeyW $24 Million Contract to Advance Its Airborne Intelligence, Surveillance and Reconnaissance Mission

HANOVER, Md., Aug. 08, 2017 (GLOBE NEWSWIRE) — The KeyW Holding Corporation (NASDAQ:KEYW) announced today that the Air Force Research Laboratory (AFRL) has awarded the company a $24 million contract to conduct research in Multi-Sensor Multi-Domain Fusion, including radio frequency, electro-optical and infrared sensing and exploitation for airborne Intelligence, Surveillance and Reconnaissance (ISR).

Under the contract, which will be funded over five years, KeyW will support AFRL in extending the body of knowledge in Multi-Domain Sensing for Autonomy and deliver hardware and software components to include imaging, detection, tracking, multi-functional sensor applications, high-performance time- and space-fused multi-intelligence processing and airborne testbed operations to provide solutions to the Air Force’s future Air Dominance and Anti-Access/Area Denial challenges. This may also include transitioning this technology to operational platforms using the AgilePod multi-intelligence pod developed by KeyW for AFRL under the Agile Manufacturing for ISR contract last year.

KeyW’s director of Dayton Operations and visionary behind the Air Force’s Blue Devil, AngelFire and AgilePod programs, George Dalton, will serve as the KeyW program lead. “We’re proud to continue supporting the Air Force Research Laboratory and are dedicated to the success of its mission serving the world’s greatest Air Force,” George stated. KeyW’s Dayton team supports ISR development efforts for AFRL, the Air Force Life Cycle Management Center and the National Air and Space Intelligence Center, developing several single- and multi-band radar systems, a GPU-based supercomputer, exploitation products and multi-intelligence small unmanned aerial vehicle operations.

“We look forward to supporting AFRL as it continues to push the boundaries of airborne ISR,” said John Sutton, KeyW’s chief operating officer. “It’s a phenomenal opportunity to drive the mission forward while leveraging the existing multi-sensor technology KeyW developed and tested to conduct critical research for Department of Defense customers.”

KeyW’s ISR systems are software-reconfigurable, multi-spectrum sensors that are readily adaptable to diverse missions and a wide range of aircraft and ground vehicles. When coupled with its aircraft services capabilities, KeyW’s radar, electro-optical, light detection and ranging and signals intelligence solutions deliver highly advanced, yet affordable ISR products and services for virtually any mission.

About KeyW
KeyW is an innovative national security solutions provider to the Intelligence, Cyber, and Counterterrorism communities. KeyW’s advanced technologies in cyber; intelligence, surveillance and reconnaissance; and analytics span the full spectrum of customer missions and enhanced capabilities. The company’s highly skilled workforce solves complex customer challenges such as preventing cyber threats, transforming data to actionable intelligence, and building and deploying sensor packages into any domain. For more information, please visit and follow KeyW on Twitter @KeyWCorp.

Forward-Looking Statements: Statements made in this press release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements containing the words “estimates,” “believes,” “anticipates,” “plans,” “expects,” ‘will,” “potential,” “opportunities,” and similar expressions. Our actual results, performance or achievements or industry results may differ materially from those expressed or implied in these forward-looking statements, including, but not limited to, express or implied statements concerning: our expectations regarding our future financial performance, including the potential impact of successful contract awards; our bid and proposal pipeline; our ability to achieve projected growth in certain of our business units and the expected timing of such growth; demand for our products, services and solutions serving the intelligence, cyber and counterterrorism communities; and performance of key contracts, including the timing of production related to certain of our contracts and product offerings. Factors that may cause our results to differ, potentially materially, from those expressed or implied in our forward-looking statements include, but are not limited to: risks to our business and financial results related to reductions and other spending constraints imposed on the U.S. Government, including as a result the Federal budget deficit and Federal government shut-downs; risks of adverse regulatory action or litigation; risks that changes, cutbacks or delays in spending by Intelligence Community (IC) customers, including the National Security Agency (NSA), the National Geospatial-Intelligence Agency (NGA), and other agencies within the IC, the Federal Bureau of Investigation, and the Department of Defense (DoD) may occur, which could cause delays or cancellations of key government contracts; risks of delays to or the cancellation of our projects as a result of protest actions submitted by our competitors; risks that changes may occur in Federal government (or other applicable) procurement laws, regulations, policies and budgets; risks related to changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the Administration; and those risk factors set forth in our Annual Report on Form 10-K, dated and filed March 16, 2018 with the Securities and Exchange Commission (SEC), and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, investors are cautioned not to place undue reliance on such forward-looking statements. We are under no obligation to (and expressly disclaims any such obligation to) update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

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