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KEYW Receives Contract Option Exercise for Airborne Collection Services

HANOVER, Md., April 20, 2015 (GLOBE NEWSWIRE) — The KEYW Corporation, a wholly owned subsidiary of The KEYW Holding Corporation (Nasdaq:KEYW), is pleased to announce that it has received the Option Period 1 exercise on its multi-year airborne collection services contract. As planned, the $17.6 million option covers a five-month period of performance from April 1, 2015 to August 26, 2015 and was exercised in accordance with the original $114 million total value contract awarded on December 18, 2013. Two additional option periods remain on the contract, which runs through September 29, 2016.

“We are proud to continue supporting our customer with expeditionary air services and delivering high-value, high-resolution imagery data products to users with urgent mission requirements,” commented Len Moodispaw, CEO and President of KEYW. “We expect to continue to support this customer for the foreseeable future as additional aircraft are deployed to support customer missions.”

KEYW’s high-resolution imaging technology, Aeroptic, has evolved from urban counter-IED missions to wide-area, high-resolution, three-dimensional geospatial information (HR3DGI) missions around the world. KEYW also has expertise in the development and operation of a range of additional capabilities including synthetic aperture radar, radio-frequency survey, hyperspectral imaging (HSI), and other custom-built sensors. For more information, please visit 

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 www.KeyWCorp.com 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
443.733.1613
communications@keywcorp.com

Investor Contact:
Mark Zindler
Vice President, Investor Relations and Treasury
703.880.9379
investors@keywcorp.com