KeyW is now part of Jacobs. Learn more about this exciting combination.

KEYW Announces First Product Sale of KeyRadar

HANOVER, Md., Sept. 24, 2015 (GLOBE NEWSWIRE) — The KEYW Corporation, a wholly owned subsidiary of The KEYW Holding Corporation (NASDAQ:KEYW), announced today that it has sold its first KeyRadar product as part of $11 million in new, competitively-selected awards.

KeyRadar is a multi-mission, multi-mode system built on KEYW’s next-generation, software-defined radio/radar architecture. KeyRadar combines multiple bands with sophisticated processing and target detection/recognition software to find concealed targets in the most challenging operational environments. Furthermore, our software-defined, modular open system architecture enables users to rapidly field new capabilities to operational systems, significantly lowering total life cycle costs.

This product sale to the Air Force Life Cycle Management Center is part of a $6.7 million program to integrate KeyRadar into an MQ-9 unmanned aerial system pod and demonstrate its unique capabilities for Intelligence, Surveillance, and Reconnaissance (ISR) and targeting applications.

Separately, KEYW was also awarded a $4.4 million contract by the Air Force Research Laboratory (AFRL) to develop a next-generation multi-INT, plug-and-play pod that enables the Air Force to rapidly reconfigure sensor suites in the field. The Agile Manufacturing for ISR (AM-ISR) program will also develop novel manufacturing techniques to reduce the cost and time to field new sensor systems using aircraft pods.

Finally, KEYW is pleased to announce the successful completion of the first year of its four-year Contested Environment RF Exploitation Research (CERFER) program for AFRL. This year’s activities culminated in a series of airborne flight tests, using our next-generation radar integrated into our KEYW-modified aircraft. In the CERFER program, KEYW is developing innovative software and hardware enhancements that will enable in-place upgrades to the KeyRadar products during their operational service.

Mark Willard, interim CEO, stated, “We are truly excited about the opportunities ahead for our new KeyRadar product line. These competitive awards demonstrate the agility and innovation of KEYW in both the radar and broader markets we serve.”

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