Press Release

Air Force Research Lab Awards KeyW $24 Million Contract to Advance Its Airborne Intelligence, Surveillance and Reconnaissance Mission

HANOVER, Md., Aug. 08, 2017 (GLOBE NEWSWIRE) -- The KeyW Holding Corporation (NASDAQ:KEYW) announced today that the Air Force Research Laboratory (AFRL) has awarded the company a $24 million contract to conduct research in Multi-Sensor Multi-Domain Fusion, including radio frequency, electro-optical and infrared sensing and exploitation for airborne Intelligence, Surveillance and Reconnaissance (ISR).

Under the contract, which will be funded over five years, KeyW will support AFRL in extending the body of knowledge in Multi-Domain Sensing for Autonomy and deliver hardware and software components to include imaging, detection, tracking, multi-functional sensor applications, high-performance time- and space-fused multi-intelligence processing and airborne testbed operations to provide solutions to the Air Force's future Air Dominance and Anti-Access/Area Denial challenges. This may also include transitioning this technology to operational platforms using the AgilePod multi-intelligence pod developed by KeyW for AFRL under the Agile Manufacturing for ISR contract last year.

KeyW's director of Dayton Operations and visionary behind the Air Force's Blue Devil, AngelFire and AgilePod programs, George Dalton, will serve as the KeyW program lead. "We're proud to continue supporting the Air Force Research Laboratory and are dedicated to the success of its mission serving the world's greatest Air Force," George stated. KeyW's Dayton team supports ISR development efforts for AFRL, the Air Force Life Cycle Management Center and the National Air and Space Intelligence Center, developing several single- and multi-band radar systems, a GPU-based supercomputer, exploitation products and multi-intelligence small unmanned aerial vehicle operations.

"We look forward to supporting AFRL as it continues to push the boundaries of airborne ISR," said John Sutton, KeyW's chief operating officer. "It's a phenomenal opportunity to drive the mission forward while leveraging the existing multi-sensor technology KeyW developed and tested to conduct critical research for Department of Defense customers."

KeyW's ISR systems are software-reconfigurable, multi-spectrum sensors that are readily adaptable to diverse missions and a wide range of aircraft and ground vehicles. When coupled with its aircraft services capabilities, KeyW's radar, electro-optical, light detection and ranging and signals intelligence solutions deliver highly advanced, yet affordable ISR products and services for virtually any mission.

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. 

Heather Williams 
Corporate Media Relations 

Mike Alber
Chief Financial Officer