KVH Receives $8.6 Million Tactical Navigation Order
KVH Industries, Inc. has received an $8.6 million order for its TACNAV® tactical navigation systems for use by an international military customer. Revenue from this order is expected to begin late in the fourth quarter of 2011 and conclude in the fourth quarter of 2014. "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, KVH's vice president of business development. "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.
Naval Coalitions Rely on TracPhone V7 for Counter-Piracy
Commercial ships are the most cost effective and fastest means of transporting goods globally but pirate activity is a significant threat that costs the world economy between $7 and $12 billion annually according to a recent estimate by the International Maritime Organization (IMO). The Combined Maritime Forces (CMF), a coalition of 22 nations led by the United States, is now engaged in efforts to promote security and stability in response to the growing threat of piracy across approximately 2.5 million square miles of international waters in and around the Arabian Sea. However, executing effective strategies against piracy, terrorism…
KVH Receives $1m Order far Nav System
KVH Industries, Inc., (Nasdaq: KVHI) announced that it has received a new $1m order for its CNS-5000, a self-contained navigation system that combines fiber optic gyro (FOG)-based inertial measurement technology from KVH with global positioning system (GPS) technology from NovAtel. This navigation solution provides the precise position and orientation of a host platform on a continuous basis, even during periods where GPS signals are blocked by natural or man-made obstructions or conditions. “This latest order, following on the heels of another $900,000 order a month ago, is evidence of the rapid acceptance of the CNS-5000 and the demand for a self-contained, commercial navigation solution,” said Dan Conway, KVH’s vice president of business development.
