KeyW Wins Prime Contract to Deliver Tagging, Tracking and Locating Equipment and Support for the U.S. Navy
January 09 2018 - 9:15AM
The KeyW Holding Corporation (NASDAQ:KEYW) today announced that the
U.S. Navy's Space and Naval Warfare Systems Center Atlantic awarded
the company a prime position on its indefinite-delivery/indefinite
quantity contract to provide tagging, tracking and locating (TTL)
electronic equipment and support services to support joint commands
within the Department of Defense. The five-year contract, awarded
to six companies through full and open competition, has a $182
million initial value.
Under the contract, KeyW will compete for task orders to
acquire, field and perform logistics support for TTL equipment
designed for ground, air and maritime tracking. The contract will
also deliver niche engineering services, including modification and
customization of equipment, to meet global missions.
“We look forward to continuing and expanding our
relationship with the Navy,” said Kirk Herdman, KeyW’s executive
vice president, Corporate Strategy and Business Development. “This
is a great opportunity for KeyW to further support the Navy’s
Intelligence, Reconnaissance and Surveillance (ISR) requirements by
delivering quick-reaction custom hardware and next-generation
software solutions to meet specific mission needs around the
world.”
About KeyW KeyW is a pure-play national
security solutions provider for the Intelligence, Cyber and
Counterterrorism Communities' toughest challenges. We support the
collection, processing, analysis and dissemination of information
across the full spectrum of their missions. We employ and challenge
more than 2,000 of the most talented professionals in the industry
with solving such complex problems as preventing cyber threats,
transforming data into intelligence and combating global
terrorism.
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 about our future expectations,
plans and prospects; statements regarding our strategies,
plans, and operations; and other 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. These statements involve numerous risks and
uncertainties, including but not limited to those risk factors set
forth in our Annual Report on Form 10-K, dated and filed March 15,
2017 with the Securities and Exchange Commission (SEC) as required
under the Securities Act of 1934, and other filings that we make
with the SEC from time to time. Due to such uncertainties and
risks, readers are cautioned not to place undue reliance on such
forward-looking statements. KeyW is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
Media Contact:Heather
Williams240-565-5357communications@keywcorp.com
Investor Contact:Mark Zindler703-880-9379
investors@keywcorp.com
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