Northern Pacific Ocean News

KVH Industries, Inc., (NASDAQ:KVHI) reported financial results for the first quarter ended March 31, 2010. Revenue for the first quarter of 2010 was $28.0 million, up 53% from the quarter ended March 31, 2009. Net income for the period was $2.1 million, or $0.14 per diluted share. During the same period last year the company reported a net loss of $2.6 million or $0.18 per diluted share, on revenues of $18.3 million. "I am very pleased with our performance during the first quarter as we set new records for quarterly revenue and net income. These results were driven by strong contributions from our strategic initiatives in fiber optic gyros (FOGs) and global satellite communications," said Martin Kits van Heyningen, KVH's chief executive officer.

The International Maritime Organization (IMO) has been officially advised by the Democratic People’s Republic of Korea (DPRK) of its intention to proceed with the launch of an experimental communications satellite. In a letter sent to IMO on 11 March 2009, the Maritime Administration of the DPRK said that the launch would take place between 4 and 8 April 2009, between the hours of 0200 and 0700 (UTC). The letter also identified the coordinates of two potential “dangerous areas”, in the Sea of Japan and the Northern Pacific Ocean, which ships should avoid during those times. The submission of such information to the Organization follows IMO Assembly resolution A.706(17) and related Maritime Safety Committee circulars…

Crews on commercial oil and gas, shipping, and government vessels in the Persian Gulf now have access to affordable broadband Internet and crystal-clear telephone service throughout the region with the recent expansion of the mini-VSAT Broadband(SM) service from KVH Industries (NASDAQ:KVHI) . The new coverage area brings affordable satellite communications to a region where secure real-time communications are a necessity, via KVH's rugged TracPhone(R) V7 hardware. In addition to providing service to the KVH mini-VSAT maritime system, this expansion also extends the ViaSat Yonder(SM) mobile network for in-flight broadband to business and commercial aircraft.

The Boeing Company announced that the Sea-Based X-Band Radar (SBX) mooring system has been installed at SBX's homeport in Alaska, completing a key piece of infrastructure for the missile defense sensor. Manson Construction, a Boeing subcontractor, used tugs, barges and cranes to place the mooring system's eight anchors on the bottom of Kuluk Bay. Heavy machinery aboard a barge then dragged the 75-metric-ton anchors, embedding them into the sea bed. The construction team completed the installation three weeks ahead of schedule. When SBX visits its homeport of Adak, Alaska, a small island in the Aleutian Islands, it will be chained to the anchors to keep it stationary in Kuluk Bay. SBX is a new sensor developed by Boeing for the U.S.