KVH Receives $13 M Tactical Navigation Order
- TACNAV order from major international contractor reaffirms KVH's leadership position in fielding battle-proven, high-performance navigational systems
(Middletown, RI., July 26, 2010) -- KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has received a $13 million order from a major international contractor for its TACNAV(r) military vehicle navigation systems. Deliveries of the TACNAV systems are expected to begin in the fourth quarter of 2010 and continue into 2012. Due to confidentiality and contractual restrictions, details about the customer and vehicle platform cannot be disclosed at this time.
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"KVH's TACNAV tactical navigation system is an important tool for navigation and coordination of vehicles operating in critical military situations," explains Dan Conway, KVH's vice president of business development. "The system is a crucial resource for navigation, battle management, situational awareness, and as a backup to GPS when GPS performance is degraded, blocked, or jammed. This is the largest TACNAV order in KVH history, reaffirming the value of our TACNAV products in international military markets. It is also a great addition to our foundation of defense-related 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.
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Source : KVH Industries Inc.
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