KeyW Awarded $35 Million Contract Orders to Deliver Advanced Sensors
November 27 2018 - 9:15AM
The KeyW Holding Corporation (NASDAQ:KEYW) today announced new
awards and additional work to existing contracts of $35 million for
delivery in the next 12 months to classified customers. One
contract has the potential to expand by an additional $15 million.
Under these contract orders, the company will develop advanced
sensor payloads.
“These awards validate KeyW’s strategic capabilities in the
intelligence, surveillance and reconnaissance business—delivering
sensor payloads into any domain,” said John Sutton, executive vice
president and chief operating officer. “We’re inspired by the
technical challenge and appreciate our role in supporting the
national security mission through development and deployment of
advanced sensor technology solutions.”
About KeyWKeyW 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 or follow @KeyWCorp on Twitter.
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 CokerDirector, Corporate
Communications443.733.1613communications@keywcorp.com
Investor Contact: Mark Zindler Vice President,
Investor Relations and Treasury 703.880.9379
investors@keywcorp.com
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