HANOVER, Md., Jan. 09, 2018 (GLOBE NEWSWIRE) -- 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."
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.