TACNAV Order to Modernize Equipment for the Saudi Arabian
National Guard Reaffirms KVH's Leadership Position in
Fielding Battle-Proven, High-Performance Navigational Systems
MIDDLETOWN, R.I., June 7, 2012 (GLOBE NEWSWIRE) -- KVH Industries,
Inc., (Nasdaq:KVHI) announced today that it has received a $35.6
million contract from the Office of the Program Manager-Saudi Arabian
National Guard for approximately $22 million in equipment and $13
million in services to modernize its military vehicles. KVH will be the
prime contractor for this Foreign Military Sale (FMS), supplying
TACNAV(R) TLS and TACNAV Light navigation systems and managing the
installation, integration, and training services as well as the
construction of a retrofit facility. Deliveries of the TACNAV systems
are expected to begin as soon as the third quarter of 2012 and continue
into 2013. Installation, integration, and training services will be
provided over the period from early 2013 to the second half of 2014.
"KVH's TACNAV systems are an important backup to satellite-based
navigation systems that might be blocked by natural terrain or man-made
structures, deliberately jammed, or otherwise rendered unexpectedly
unavailable due to a variety of circumstances," explains Dan Conway,
KVH's vice president of business development. "The system is a crucial
resource when continuous navigation, battle management, and situational
awareness are important. This is the largest TACNAV order in KVH's
history, reaffirming the value of our TACNAV products in international
military markets. It is also a great addition to our foundation of
defense-related 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. Whenever reliable GPS signals are unavailable,
TACNAV navigates using dead-reckoning based on its own heading and
distance traveled measurements, providing all onboard systems with
continuous position calculations to enable them to function correctly
while GPS is blocked, jammed, or otherwise degraded.
TACNAV systems are currently among the most widely fielded tactical
navigation systems in the world. Military forces fielding TACNAV
include the U.S. Army and U.S. Marine Corps, as well as many allied
customers, among them Canada, Sweden, Great Britain, Germany, Spain,
Australia, New Zealand, Saudi Arabia, Taiwan, Malaysia, Switzerland,
Please visit http://www.tacnav.com for additional details about KVH's
tactical navigation products.
Note to Editors: High-resolution, press-ready images of KVH's TACNAV
products are available at http://press.kvh.com for download and
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, USA 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-K 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.
CONTACT: Nicole Mongillo
KVH Industries, Inc.