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
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Director, Corporate Communications
Vice President, Investor Relations and Treasury