Hanover, US: KEYW Corp., a provider of agile cyber superiority and cybersecurity solutions, entered into a definitive agreement to acquire Flight Landata, Inc. (FLD). The transaction is expected to close in early August, subject to customary closing conditions.
FLD, a privately-held provider of agile airborne Intelligence Surveillance and Reconnaissance (ISR) solutions and Micro Terrain Intelligence to the US Defense Department and the Warfighter, is KEYW’s latest acquisition and the third acquisition this year. Others are Sycamore US, Everest Technology Solutions, and Forbes Analytic Software. According to the company’s press statement, the all three companies have significant activities and capabilities in geospatial intelligence.
With the acquisition of FLS, KEYW continues to expand its cyber superiority platform to encompass geospatial and imagery intelligence, complementing its considerable domain expertise in signals intelligence solutions. The addition of FLD to this platform adds high-resolution imagery and Micro Terrain Intelligence (MTI) to the KEYW portfolio of intelligence solutions.
Leonard Moodispaw, CEO and President of KEYW, said, “The acquisition of FLD is one that enhances our ‘multi INT’ offerings which support our customer’s urgent needs in obtaining Cyber Superiority over our adversaries.”
The terms of the definitive agreement provide for the merger of a wholly-owned subsidiary of KEYW with and into FLD for all cash consideration of USD 30.0 million. The purchase price is subject to post-closing adjustments, including working capital and other adjustments, as of the closing date. KEYW expects that the acquisition will be accretive, subject to a final purchase price accounting analysis.