MIDDLETOWN, R.I., Oct. 26, 2011 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq:KVHI) announced today that it 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. This new order reaffirms the value of KVH's TACNAV products for international militaries, and adds to our steady foundation of revenue 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 will include KVH's TACNAV T•FOG™ Upgrade, which facilitates accurate mobile integration of direct fire weapons and fire zone coordination for improved pointing accuracy, target location, and overall operational effectiveness.
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 systems 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.
Please visit www.tacnav.com for complete details on KVH's TACNAV tactical navigation systems.
Note to Editors: High-resolution, press-ready images of KVH's TACNAV systems are available at http://press.kvh.com for download and editorial use.
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 Illinois, Denmark, Norway, and Singapore.
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; anticipated innovation and product development; and customer preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, those discussed in KVH's most recent Form 10-Q filed with the SEC. KVH does not assume any obligation to update its forward-looking statements to reflect new information or developments.
KVH, TACNAV, and T•FOG are trademarks of KVH Industries, Inc.