A 39-year-old man has been charged with possession of a class A drug, possession of a class drug with intent to supply, possessing criminal property, concealing criminal property and possession of a firearm in suspicious circumstances.
He is due to appear at Newry Magistrates Court on the morning of Monday 13 February.
As is normal procedure, all charges are reviewed by the PPS.
A 36-year-old woman has been released on police bail pending further enquiries.
The charges follow arrests made after cocaine with an estimated street value of £200,000, along with other items, was seized after a search of a house in the Carbry Heights area of Keady on the morning of Friday 10 February.