Middletown, RI – April 5, 2017 – KVH Industries, Inc., (Nasdaq: KVHI), announced today that it has received a $3.5 million order for its TACNAV tactical navigation systems for use by an international military customer. Revenue from this order is expected to begin in the third quarter of 2017 and conclude in 2018.
“KVH’s TACNAV tactical navigation solution provides precision navigation as well as coordination of military vehicles in critical situations,” says Dan Conway, executive vice president of KVH’s inertial navigation group. “The system serves as a crucial resource for navigation and battle management, and 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 backlog.”
KVH’s TACNAV military vehicle navigation systems provide unjammable precision navigation, heading, and pointing data for vehicle drivers, crews, and commanders. TACNAV also serves as a heading and position source for situational awareness. The fiber optic gyro-based TACNAV system ordered today is designed to improve dead-reckoning and target-location accuracy.
TACNAV systems are currently in use by the U.S. Army and Marine Corps, as well as many allied customers including Canada, Sweden, Great Britain, France, Germany, Spain, Egypt, Botswana, Australia, New Zealand, Saudi Arabia, Taiwan, Romania, Poland, Turkey, Malaysia, Switzerland, South Korea, Singapore, Brazil, and Italy.
Note to Editors: For more information, please visit KVH TACNAV. High-resolution images of KVH products are available at the KVH Press Room Image Library.
About KVH Industries, Inc.
KVH Industries, Inc., is a premier manufacturer of high-performance sensors and integrated inertial systems for defense and commercial guidance and stabilization applications, having sold more than 19,000 TACNAV systems and more than 100,000 fiber optic gyros. KVH is also a leading provider of solutions that bring global high-speed Internet, television, voice services, and content via satellite to mobile users at sea, on land, and in the air. KVH is based in Middletown, RI, with research, development, and manufacturing operations in Middletown, RI, and Tinley Park, IL. The company’s global presence includes offices in Belgium, Brazil, Cyprus, Denmark, Hong Kong, India, Japan, the Netherlands, Norway, the Philippines, Singapore, and the United Kingdom.