KVH Receives $2.3 Million Order for Fiber Optic Gyro-based TACNAV II Vehicle Navigation System
Taking firepower forwards…
Date: 23 Mrch 2009 - 25 Mrch 2009
Location: London, United Kingdom
Critical Requirements, Initiatives and Opportunities
Date: 26 Mrch 2009 - 27 Mrch 2009
Location: Washington, DC, United States
Find over 9000 Aerospace, Aviation, Space, Defence & Security companies & organisations.
(Middletown, Ri., June 6, 2007) -- KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has received a new contract from a southeast Asian customer for the purchase of KVH's TACNAV(r) II fiber optic gyro (FOG)-based vehicle navigation systems and displays. The contract has a total value of approximately $2.3 million with shipments starting in 2007 and extending through 2010.
Commenting on the new contract, Dan Conway, KVH's vice president of business development, said, "Thanks to its integrated KVH fiber optic gyros, our TACNAV II system offers vehicle crews and combat commanders a powerful tool for unjammable navigation as well as full integration with the increasingly robust digital battlefield. This new order and the more than $20 million in additional military navigation orders that we have received since the start of 2007 illustrate the continuing demand for our military vehicle navigation systems in the international and domestic markets. While most of these orders will have limited financial impact in the immediate term due to their out-year delivery schedules, they are helping us build a very strong, multi-year foundation for our military navigation business."
Source : KVH Industries Inc.
Recent News from KVH Industries Inc.
homepage 
previous page 
print this page 
tell-a-friend