KVH Receives $1.3 M in New TACNAV OrdersOrders from three international systems integrators expand KVH's multi-year, multi-million dollar backlog for TACNAV systems and components
(Middletown, RI., April 8, 2009) -- Three international prime contractors have placed a total of $1.3 million in new orders for tactical navigation systems from KVH Industries, Inc., (Nasdaq: KVHI). Shipments of these TACNAV(r) orders are scheduled to begin in the second quarter of 2009 with some extending into 2010. Due to contractual restrictions, additional details regarding the customers and vehicle platforms cannot be disclosed at this time.
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"These new orders are a reflection of the value that our international customers place on our TACNAV systems, which have proven their worth in a wide range of demanding military environments and operational theatres worldwide," explained Dan Conway, vice president of business development for KVH Industries.
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 link between each vehicle and the overall digital battlefield, making each unit a node in a secure military network that consolidates a wide range of tactical data to provide detailed information to individual units and military commanders.
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Source : KVH Industries Inc.