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KEYW Announces Award of $40 Million in New Prime Contracts

HANOVER, Md., Nov. 13, 2014 (GLOBE NEWSWIRE) — The KEYW Corporation, a wholly-owned subsidiary of The KEYW Holding Corporation (Nasdaq:KEYW), announces that it has been awarded a prime contract with the Air Force Research Laboratory (AFRL) to develop and transition next generation ISR sensor systems under the Analysis, Test, and Integration of Sensor Systems program (ATISS). This new single-award contract has a base period of performance of 5 years and a ceiling value of $38M. The first task is a 5-year effort with an initial award of $17M.

Added to other recent awards, KEYW has booked approximately $78 million of awards with the AFRL for airborne ISR systems in the past year. This award complements a $2 million, 15-month contract to build and deliver a supercomputer for wide-area radar imaging and moving target tracking, a $10 million 4-year contract to KEYW and its teammates for the Contested Environment RF Exploitation and Research (CERFER) program, and a $4 million program for SAR data compression. ATISS supports the Layered Sensor Exploitation Division, AFRL/RYA and supports development of new C4ISR systems to exploit existing sensors of all kinds. Some examples of exploitation include target recognition, tracking, fusion, sensor management (autonomy) and registration. This exploitation research is shifting from permissive to contested environments.

Len Moodispaw, Chairman and CEO, stated, “These awards reflect KEYW’s trusted status as an innovative technology development, integration, and transition partner. We create and deliver new end-to-end multi-sensor solutions, from novel sensors through automated planning, collection, processing, analysis, and dissemination (PCPAD) systems.”

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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.

Media Contact:
Karen Coker
Director, Corporate Communications

Investor Contact:
Mark Zindler
Vice President, Investor Relations and Treasury