KVH Receives $4 Million Fiber Optic Gyro Order from Kongsberg Defence & Aerospace
15 October 2019 - 10:00PM
KVH Industries, Inc., (Nasdaq: KVHI), announced today that it has
received a $4 million order for its precision DSP-3100 fiber optic
gyros (FOGs) from Kongsberg Defence & Aerospace AS (KDA) for
use in the U.S. Army’s Common Remotely Operated Weapon Stations
(CROWS). Shipments to KDA are expected to be completed by year end
2020.
CROWS are designed to offer improved protection capabilities and
support for the U.S. Army’s vehicle program. CROWS can be mounted
on a wide range of vehicles and provide troops with target
acquisition and engagement capabilities from safer distances. CROWS
also feature programmable target reference points for multiple
locations, programmable sector surveillance scanning, automatic
target ballistic lead, automatic target tracking, and programmable
no-fire zones.
The KDA-produced CROWS will employ KVH’s DSP-3100 FOGs to
provide precise stabilization and weapon recoil control while
ensuring that the weapon stays on target whether the vehicle is
stationary or on the move.
“KVH’s fiber optic gyros provide the high level of performance
and reliability needed for these critical systems used by U.S. and
allied militaries,” says Sean McCormack, KVH’s senior director for
global inertial systems. “As production of the CROWS program
continues, we are grateful for this opportunity to continue our
close collaboration with Kongsberg.”
With its all-fiber design and patented Digital Signal Processing
(DSP) technology, KVH’s DSP-3100 FOG offers high reliability,
superior accuracy and performance, and exceptional vibration,
shock, and acceleration survivability at an affordable cost. KVH
has supplied FOGs to KDA for CROWS programs in past years.
KVH is a leading innovator for assured navigation and autonomous
accuracy using high-performance sensors and integrated inertial
systems. KVH’s widely fielded TACNAV® systems are currently in use
by the U.S. Army and Marine Corps as well as many allied militaries
around the world. KVH’s FOGs and FOG-based inertial measurement
units (IMUs) are in use today in a wide variety of applications
ranging from optical, antenna, and sensor stabilization systems to
mobile mapping solutions and autonomous platforms and cars.
Note to Editors: For more information about KVH’s full line of
precision FOGs and FOG-based inertial navigation systems, please
visit the KVH website, kvh.com/FOGs.
High-resolution images of KVH products are available at the
KVH Press Room Image Library,
kvh.com/Press-Room/Image-Library.
About KVH Industries, Inc.
KVH Industries, Inc., is a global leader in mobile connectivity
and inertial navigation systems, innovating to enable a mobile
world. A market leader in maritime VSAT, KVH designs, manufactures,
and provides connectivity and content services globally. KVH is
also a premier manufacturer of high-performance sensors and
integrated inertial systems for defense and commercial
applications. Founded in 1982, the company is based in Middletown,
RI, with research, development, and manufacturing operations in
Middletown, RI, and Tinley Park, IL, and more than a dozen offices
around the globe.
This press release
contains forward-looking statements that involve risks and
uncertainties. For example, forward-looking statements include
statements regarding our financial goals for future periods, our
anticipated revenue and the impact of our future initiatives on
revenue, competitive positioning, profitability, and product
orders. Actual results could differ materially from the
forward-looking statements made in this press release. Factors that
might cause these differences include, but are not limited to:
delays in the receipt of anticipated orders for our inertial
navigation products, or the potential failure of such orders to
occur at all, continued substantial fluctuations in military sales,
including to foreign customers; the unpredictability of defense
budget priorities as well as the order timing, purchasing
schedules, and priorities for defense products, including possible
order cancellations; the uncertain impact of potential budget cuts
by government customers; export restrictions, delays in procuring
export licenses, and other international risks. These and other
factors are discussed in more detail in KVH’s most recent Form 10-Q
filed with the SEC on August 2, 2019. Copies are available through
its Investor Relations department and website,
http://investors.kvh.com. KVH does not assume any obligation to
update its forward-looking statements to reflect new information
and developments.
KVH Industries, Inc.
has used, registered, or applied to register its trademarks in the
U.S.A. and other countries around the world, including but not
limited to the following marks: KVH and TACNAV. All other
trademarks are the property of their respective companies.
For further
information, please contact:Jill ConnorsMedia Relations
& Industry Analyst ManagerKVH Industries, Inc.Tel: +1 401 851
3824jconnors@kvh.com
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jun 2024 to Jul 2024
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jul 2023 to Jul 2024