KEYW Corporation (Nasdaq:KEYW) announced a new contract award for the assembly and test of high density specialized Printed Circuit Boards (PCBs), utilizing their state-of-the-art Surface Mount Technology (NASDAQ:SMT) laboratory. The contract, which is from one of KEYW's major customers, is a twelve month delivery order contract with a maximum contract value of over $16 million. The initial Firm Fixed Priced order on the contract will be approximately $6,000,000 with options for increased quantities over the next year.
In early 2010, KEYW invested in building an advanced SMT laboratory and hired a highly skilled workforce to immediately deploy a fully operational facility. "Since that time our SMT team has quickly established a reputation for providing high quality services in a Quick Reaction Capability (QRC) environment," according to Leonard Moodispaw, CEO and President of KEYW. "We believe that we offer our customers a uniquely skilled facility that is focused on the agile delivery of high-end assembly of complex designs, thereby fulfilling requirements that are beyond the capabilities of mass production facilities."
This new product area adds to KEYW's existing platform of products. The SMT laboratory was a strategic investment in product capabilities. The SMT capability along with KEYW's engineering design expertise allows KEYW to provide full mission critical products and services from concept through development, production, test and deployment to KEYW's intelligence and defense customers.
KEYW provides agile cyber superiority and cybersecurity solutions, primarily for U.S. Government intelligence and defense customers. KEYW creates solutions by combining services and expertise with hardware, software, and proprietary technology to meet customers' requirements.
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