MIDDLETOWN, R.I., March 30, 2016 (GLOBE NEWSWIRE) -- 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 firstname.lastname@example.org
Source:KVH Industries, Inc.