Orders from three international systems integrators expand KVH's multi-year, multi-million dollar backlog for TACNAV systems and components
MIDDLETOWN, RI – 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® 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.
“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.
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 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.
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 Tinley Park, IL, and Kokkedal, Denmark.
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; and customer preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, uneven military sales cycles, changes in military fielding and equipment requirements, and changes in international situations, as well as those discussed in KVH’s most recent Annual Report on Form 10-K filed with the SEC. KVH does not assume any obligation to update its forward-looking statements to reflect new information or developments.
KVH and TACNAV are registered trademarks of KVH Industries, Inc. All other trademarks are the property of their respective companies.