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KVH Receives $1.5M Order From US Military For TACNAV Nav Systems
Middletown RI (SPX) Jun 28, 2005 KVH Industries has announced that it has received a new order worth approximately $1.5 million from an existing U.S. military customer for the company's TACNAV military vehicle navigation system. The TACNAV systems purchased under this contract will be deployed on existing U.S. military vehicles. The company expects to recognize all of the revenue from this contract in 2005. "Ongoing fielding requirements with our existing military customers represent a significant revenue opportunity as well as continued affirmation of the value and benefits TACNAV offers to troops in the field who depend on this system for unjammable navigation and heading data," said Dan Conway, vice president of business development for KVH Industries. "TACNAV consistently illustrates its ability to support applications in a wide range of demanding military environments, including vehicle navigation, integration with digital battlefield management systems, and precision stabilization and pointing." Due to contractual restrictions, additional details regarding the customer and vehicle platform cannot be disclosed at this time. KVH's TACNAV military vehicle navigation systems employ the company's digital compass and fiber optic gyro (FOG) technology as well as proprietary software algorithms to provide uninterrupted navigation, heading, and pointing data for vehicle drivers, commanders, and crews. While TACNAV complements GPS, its self-contained sensors operate independently of GPS. As a result, TACNAV continues to provide mission-critical data for troops in the vehicle as well as to the digital battlefield system, even if GPS is blocked, jammed, or is otherwise unavailable. 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 navigation systems are currently in use on U.S. and allied vehicles participating in ongoing operations in Iraq. TACNAV systems have been sold for use aboard U.S. Army, Marine Corps, and Navy vehicles as well as to many allied customers, including Canada, Sweden, Great Britain, Germany, Spain, Australia, New Zealand, Saudi Arabia, Taiwan, Malaysia, Switzerland, and Italy. Related Links KVH's defense navigation and guidance products SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express
Joint Consortia Wins Galileo GPS Deal Worth Billions of Euros
Brussels, Belgium (SPX) Jun 28, 2005A joint bid by two previously competing consortia won a contract Monday to run a future European satellite navigation system, Galileo, aimed at rivaling the US-run Global Positioning System (GPS). |
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