On Tuesday August 9, 2011, KEYW Holding Corp. (NASDAQ:KEYW), an effectual cyber superiority and cyber security solutions provider, announced the expansion of its cyber superiority platform with the completion of the acquisition of Flight Landata, Inc. announced on July 28, 2011.
FLD is a renowned provider of adequate airborne Intelligence Surveillance and Reconnaissance (ISR) solutions and Micro Terrain Intelligence to the U.S. Defense Department and the Warfighter.
The respective potential transaction achieved by the company will add to the expansion of its cyber superiority platform in order to comprise geospatial and imagery intelligence, complementing its considerable domain expertise in signals intelligence solutions.
According to the previously disclosed terms of the acquisition agreement, a wholly-owned subsidiary of KEYW has been merged with and into FLD for $30.0 million; the purchase price has been subjected to change in accordance to the post-closing adjustments, including working capital and other adjustments, as of the closing date.
At the conference held on July 28 by the company, important matters related to the acquisition were discussed among the officials; the management provided an overview of FLD and its strategic fit with KEYW. An archive of the Webcast is available on our webpage, and a dial-up replay of the call will be available through August 27, 2011. To access the dial-up replay, call 1-855-859-2056, Conference ID 87505359. In addition, a podcast of our conference call is available for download from our Investors page of our website. International callers may access the replay by calling 1-404-537-3406, with the same Conference ID.
KEYW primarily provides its exclusive cyber solutions to the U.S. Government intelligence and defense customers. The respective acquisition is expected to be prospective for KEYW.
Shares of KEYW soared 11.78% to $10.25.
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