KVH Industries, Inc., (Nasdaq:KVHI), announced today that is has
begun shipment of the first order of tactical navigation systems to
BAE Systems for a prototype program designed to produce a new fleet
of U.S. Army Armored Multi-Purpose Vehicles (AMPVs). KVH’s TACNAV®
systems are designed to provide the vehicles with such critical
elements as continuous heading and pointing data output and
extremely accurate navigation regardless of GPS availability.
Deliveries of the tactical navigation systems are part of a
recent purchase order that covers the life of the program, which is
expected to run through 2020. The initial order of 34 TACNAV II
systems is supporting prototype vehicles, and there is potential
for an option for additional systems to support the low-rate
initial production (LRIP) of the vehicles.
According to BAE Systems, the $1.2 billion AMPV program is
designed to replace the U.S. Army’s Vietnam-era M113s and provide a
significant upgrade that increases the service’s survivability,
force protection, and mobility while providing for future growth
potential.
“KVH is pleased to have been selected by BAE Systems for this
important U.S. Army armored vehicle program,” says Dan Conway,
executive vice president of KVH’s guidance and stabilization group.
“KVH’s tactical navigation solution serves as a crucial resource
for navigation and battle management, keeping soldiers safe and out
of harm’s way wherever they travel.”
KVH TACNAV is a proven solution that has been serving soldiers
for years in numerous armored vehicle programs, with more than
19,000 units fielded worldwide.
KVH’s TACNAV military vehicle navigation systems provide
unjammable precision navigation, heading, and pointing data for
vehicle drivers, crews, and commanders. KVH’s proprietary fiber
optic gyro (FOG) technology is a differentiating factor in enabling
the TACNAV systems to provide extremely accurate heading and
pointing data, which is crucial for situational awareness. The
systems feature a compact design and flexible architecture ideal
for today’s digital military. In addition, TACNAV is designed to
integrate easily with Battle Management Systems (BMS), providing a
vital component for effective battlefield management.
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 about TACNAV, please visit
the KVH website, www.kvh.com/tacnav. High-resolution images of KVH
products are available at the KVH Press Room Image Library,
www.kvh.com/press-room/image-library.
About KVH Industries, Inc.
KVH Industries 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 90,000 fiber optic gyros. KVH
is also a leading manufacturer of solutions that provide 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, Japan, the Netherlands, Norway,
Singapore, and the United Kingdom.
This release may contain certain forward-looking statements that
involve risks and uncertainties. Forward-looking statements
include, for example, statements regarding the functionality,
characteristics, quality and performance of KVH’s products and
technology; anticipated revenue sales pipeline, backlog,
competitive positioning, profitability, and product orders; and the
potential value of military contracts. The actual results could
differ materially. Factors that may cause such differences include,
among others, continued substantial fluctuations in military sales,
including to foreign customers; the unpredictability of defense
budget priorities as well as the order timing, purchasing
schedules, and priorities for defense products, including possible
order cancellations; the uncertain impact of potential budget cuts
by government customers; changes in military fielding and equipment
requirements; export restrictions, delays in procuring export
licenses, and other international risks. These and other risk
factors are discussed in more detail in KVH’s most recent annual
report on Form 10-K filed with the Securities and Exchange
Commission on March 14, 2016. KVH does not assume any
obligation to update its forward-looking statements to reflect new
information or developments.
KVH and TACNAV are registered trademarks of KVH Industries,
Inc.
For further information, please contact:
Jill Connors, Media & Communications Manager
KVH Industries, Inc.
Tel: +1 401 851 3824
jconnors@kvh.com
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jun 2024 to Jul 2024
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jul 2023 to Jul 2024