KVH Awarded $7.2M in Military Navigation System Orders
KVH Industries (NASDAQ: KVHI) announced today that it has received two new orders for its TACNAV tactical navigation systems for use by an international military customer in an armored vehicle application. Together, the orders are valued at more than $7.2 million. Shipments for these orders are expected to begin late in 2013 and continue through 2015.
"KVH's TACNAV tactical navigation solution is an important tool for U.S. and allied warfighters, providing precision navigation as well as coordination of vehicles in critical situations," explains Dan Conway, executive vice president of KVH's Guidance and Stabilization group. "The system serves as a crucial resource for navigation and battle management, and even as a backup in GPS-denied environments, keeping soldiers safe and out of harm's way wherever they travel. These new orders reaffirm the value of KVH's TACNAV products for international militaries, and add to our backlog 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. The TACNAV systems ordered today are KVH's TACNAV II fiber optic gyro