KeyW reports improved sales

KeyW said today sales in its most recent quarter hit $126.7 million, up nearly 4 percent from the same three-month period a year earlier.

The contractor reported a quarterly loss of nearly $2 million, less than the $6 million loss it reported the prior year.

During the quarter, KeyW said, the company executed a contract modification with the prime contractor on KeyW's largest flight services program.

"In 2019, the company will cease flight operations on the program, but will continue providing operations and maintenance for sensor solutions to support the ongoing program mission requirements," KeyW said.

Bill Weber, KeyW's chief executive, said during a call with analysts this morning the company is seeking to perform more frequently as a prime contractor.

"We will still subcontract," he said. "But there are a lot of opportunities that KeyW's in a good position to take a prime position on, and we're going to do that more and more."