KVH Receives $8.6 Million Tactical Navigation Order From International Military Customer
26 October 2011 - 11:57PM
KVH Industries, Inc., (Nasdaq:KVHI) announced today that it has
received an $8.6 million order for its TACNAV® tactical navigation
systems for use by an international military customer. Revenue from
this order is expected to begin late in the fourth quarter of 2011
and conclude in the fourth quarter of 2014.
"KVH's TACNAV tactical navigation solution is an important tool
for U.S. and allied warfighters, providing precision navigation as
well as coordination of vehicles in critical situations," explains
Dan Conway, KVH's vice president of business development. "The
system serves as a crucial resource for navigation and battle
management, and even as a backup in GPS-denied environments,
keeping soldiers safe and out of harm's way wherever they travel.
This new order reaffirms the value of KVH's TACNAV products for
international militaries, and adds to our steady foundation of
revenue for the coming years."
KVH's TACNAV military vehicle navigation systems provide
unjammable, precision navigation, heading, and pointing data for
vehicle drivers, crews, and commanders. TACNAV can also serve as a
source of heading and position for situational awareness. The
TACNAV systems ordered today will include KVH's TACNAV T•FOG™
Upgrade, which facilitates accurate mobile integration of direct
fire weapons and fire zone coordination for improved pointing
accuracy, target location, and overall operational
effectiveness.
TACNAV systems are currently in use on U.S. and allied vehicles
participating in ongoing operations in Afghanistan, Iraq, and
elsewhere. Military forces fielding TACNAV systems include the U.S.
Army and Marine Corps, as well as many allied customers, among them
Canada, Sweden, Great Britain, Germany, Spain, Australia, New
Zealand, Saudi Arabia, Taiwan, Malaysia, Switzerland, and
Italy.
Please visit www.tacnav.com for complete details on KVH's TACNAV
tactical navigation systems.
Note to Editors: High-resolution, press-ready images of KVH's
TACNAV systems are available at http://press.kvh.com for download
and editorial use.
About KVH Industries, Inc.
KVH Industries is a leading manufacturer of solutions that
provide global high-speed Internet, television and voice services
via satellite to mobile users at sea, on land, and in the air. KVH
is also a premier manufacturer of high performance sensors and
integrated inertial systems for defense and commercial guidance and
stabilization applications. The company is based in Middletown, RI,
with facilities in Illinois, Denmark, Norway, and Singapore.
This release may contain certain forward-looking statements that
involve risks and uncertainties. Forward-looking statements
include, for example, the functionality, characteristics, quality
and performance of KVH's products and technology; anticipated
innovation and product development; and customer preferences,
requirements and expectations. The actual results could differ
materially. Factors that may cause such differences include, among
others, those discussed in KVH's most recent Form 10-Q filed with
the SEC. KVH does not assume any obligation to update its
forward-looking statements to reflect new information or
developments.
KVH, TACNAV, and T•FOG are trademarks of KVH Industries,
Inc.
CONTACT: Nicole Mongillo
KVH Industries, Inc.
401-845-2443
nmongillo@kvh.com
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