KeyW Corporation
Dec 6, 2011

KEYW Momentum and Recent Awards

HANOVER, Md., Dec. 6, 2011 (GLOBE NEWSWIRE) -- The KEYW Holding Corporation (Nasdaq:KEYW) is pleased to announce three recent strategic contract awards. The first award is an expansion of our MicroTerrain Intelligence (MTI) activities, under an existing Fixed-Price subcontract for an existing defense and intelligence customer. This award is for an additional aircraft and collection platform for deployment in a new operational theater for an initial 6 month assignment. The new aircraft is expected to be deployed in early Q1 2012, using KEYW's agile business model to deliver quickly in response to an urgent customer requirement.

The second contract award is for technology and training support for an important intelligence analytics program. The Firm Fixed Price/Level of Effort Contract is a Prime contract for over $11 million over the next 5 years. This award is from an existing KEYW defense and intelligence customer.  The new Prime contract is for global network analytics support and includes highly skilled analysts, engineers, and trainers, all holding the highest level clearances. This effort is expected to ramp to full strength very quickly, with opportunities to expand the level and scope of the work in the future.

The third award for an Indefinite Delivery/Indefinite Quantity (IDIQ) Prime contract, under the Contracted Advisory and Assistance Services (CAAS) IV program, from the U. S. Air Force. This is a 5 year multi-award contract with a total contract award ceiling value of $4.7 Billion. A total of 29 companies were awarded ID/IQ contracts under this program. Task Orders (TO's) will be issued and competed among the ID/IQ contract awardees for final selection to perform individual TO's. Individual TO's may not exceed $50 million or 3 years in performance. The base performance period for this contract will be December 15, 2011 through October 14, 2012. Additional one year option periods will run through October 14, 2016. All TO deliveries must be complete under this contract by October 14, 2019. There were no initial TO's issued with the contract award, only a very low minimum guaranteed contract value for each ID/IQ contract.

"These awards illustrate KEYW's strong momentum as we continue to grow and expand our opportunities and business," commented Leonard Moodispaw, CEO and President of KEYW Corporation. "The MTI expansion is in our Products and Integrated Solutions Sector, where the business has grown from 3 aircraft collecting imagery to 5 aircraft since August 2011. The latest aircraft is in a new operational theater, which delivers on the further strategic expansion of the MTI activities that we have discussed during conference calls. The new Prime contract expands KEYW's support for the customer's rapidly changing area of analytics. The ID/IQ contract is an opportunity for our Air Force work to expand."

About KEYW: KEYW provides agile cyber superiority, cybersecurity, and geospatial intelligence solutions, primarily for U.S. Government intelligence and defense customers. We create our solutions by combining our services and expertise with hardware, software, and proprietary technology to meet our customers' requirements. For more information contact KEYW Corporation, 1334 Ashton Road, Hanover, Maryland 21076; Phone 443-270-5300; Fax 443-270-5301; E-mail investors@keywcorp.com, or on the Web at www.keywcorp.com.

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, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," "potential," and similar expressions, including statements regarding our expectations for the growth, funding availability and priority for KEYW's innovative and agile solutions. 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 29, 2011 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.

CONTACT: Ed Jaehne

         Chief Strategy Officer

         443-270-5300