KVH Industries (NASDAQ:KVHI)
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From Jul 2019 to Jul 2024
KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has
received a sole-source contract from the U.S. Army Tank and Automotive
Command (TACOM) for the purchase of KVH’s
TACNAV® vehicle
navigation systems for use on U.S. Army combat vehicles. The contract is
potentially worth $11.5 million over five years.
“This new sole-source contract is a
reaffirmation of the value TACNAV offers U.S. and allied warfighters
through its ability to consistently support applications in a wide range
of demanding military environments, including vehicle navigation,
integration with digital battlefield management systems, and precision
stabilization and pointing,” said Dan Conway,
vice president of business development for KVH Industries. “We
look forward to continuing our long-standing relationship with TACOM as
well as the ongoing opportunity to ensure that U.S. servicemen and women
have the critical navigation and guidance capabilities necessary to
enable them to carry out their missions quickly and effectively, and
then come home safely.”
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 link between each vehicle and the overall digital battlefield,
making each unit a node in a secure military network that consolidates a
wide range of tactical data to provide detailed information to
individual units and military commanders. TACNAV systems are currently
in use on U.S. and allied vehicles participating in ongoing operations
in Iraq and elsewhere. Military forces fielding TACNAV include the U.S.
Army, Marine Corps, and Navy as well as to many allied customers, among
them Canada, Sweden, Great Britain, Germany, Spain, Australia, New
Zealand, Saudi Arabia, Taiwan, Malaysia, Switzerland, and Italy.
Due to contractual restrictions, additional details regarding the
customer and vehicle platforms cannot be disclosed at this time.
Complete details regarding KVH’s defense
navigation and guidance products are available at http://www.tacnav.com.
Note to editors: High-resolution images of KVH’s
defense navigation products are available at http://press.kvh.com
for download and editorial use.
About KVH Industries, Inc.
KVH Industries, Inc., is a premier manufacturer of systems to provide
access to live mobile media ranging from satellite TV to telephone and
high-speed Internet for vehicles and vessels as well as a leading source
of navigation, pointing, and guidance solutions for maritime, defense,
and commercial applications. The company’s
products are based on its proprietary mobile satellite antenna and fiber
optic technologies. An ISO 9001-certified company, KVH is based in
Middletown, Rhode Island.
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; and customer
preferences, requirements and expectations. The actual results could
differ materially. Factors that may cause such differences include,
among others, uneven military sales cycles, changes in military fielding
and equipment requirements, and changes in international situations, as
well as 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 and TACNAV are registered trademarks of KVH Industries, Inc. All
other trademarks are the property of their respective companies.