Market Overview

KeyW Wins Award on GSA's $135 Million Remote Sensing, Command Control Communications and Computer IDIQ Contract

Share:

HANOVER, Md., Aug. 27, 2018 (GLOBE NEWSWIRE) -- The KeyW Holding Corporation (NASDAQ:KEYW) today announced that the General Services Administration awarded the company a Blanket Purchase Agreement (BPA) under the Professional Support Services Schedule to support the Department of Defense and Defense agencies. The multiple award BPA has an estimated value of $135 million over five years.

Under the contract, KeyW will provide professional engineering services across the Remote Sensing, Command Control Communications and Computer (RS&C4) mission areas to develop, evaluate and operate innovative capabilities for Joint Service needs. KeyW's Executive Vice President of Corporate Strategy and Business Development Kirk Herdman commented, "This new award is important to growing and aligning KeyW's IDIQ portfolio with our core competencies." KeyW's strategic areas of focus line up particularly well with the scope of this contract—manned and unmanned aerial systems engineering; forensics, cyber technologies, data, control; and computer research, operations and assessments.

"We're excited to bring KeyW's strong intelligence, surveillance and reconnaissance capabilities to this mission. This work helps support near- and long-term warfighter requirements and aligns with KeyW's core strengths in operational cyber, identity intelligence, advanced sensing and computer forensic capabilities," added Herdman.

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 nearly 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. For more information, please visit www.KeyWCorp.com or follow KeyW on Twitter @KeyWCorp.

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.

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

Primary Logo

View Comments and Join the Discussion!