HANOVER, Md., Nov. 28, 2017 (GLOBE NEWSWIRE) -- The KeyW Holding Corporation (NASDAQ: KEYW) today announced that the General Services Administration has awarded its wholly owned subsidiary, Sotera Defense Solutions, Inc. (Sotera), a contract on its $50 billion Alliant 2 Governmentwide Acquisition Contract (GWAC). The contract is an unrestricted multiple award, indefinite delivery/indefinite quantity contract with a five-year base period and a five-year option.
Under the contract, the company has the opportunity to deliver IT services and solutions. Alliant 2 is a follow-on contract to the Alliant contract, which was awarded in 2007. Neither KeyW nor Sotera previously participated as a prime on the original Alliant contract.
"This award supports KeyW's goal to partner with our Federal Government customers by offering services and solutions to modernize their mission IT-related systems and applications," said Kirk Herdman, KeyW's executive vice president, Corporate Strategy and Business Development. "We're excited about the flexibility the Alliant 2 contract affords us to develop, integrate and deliver innovative solutions that meet our customers' evolving mission needs."
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.