Key Developments For KVH Industries Inc
KVH Industries Inc (KVHI.O) (Consolidated Issue listed on NASDAQ Global Market)
U.S. Coast Guard Deploys KVH Industries, Inc.'s KVH TracPhone V7 Satellite Communications
KVH Industries, Inc. announced that in an effort to expand its communications capacity and take advantage of affordable, emerging commercial satellite services, the United States Coast Guard is in the process of deploying the TracPhone V7 and mini-VSAT Broadband service from KVH Industries, Inc., on its 110 ft and 225 ft cutters. Intended to replace older satellite communications systems and services, the KVH integrated antenna and service solution is offering increased bandwidth, reduced operating costs, and seamless coverage in key operational areas for the Coast Guard vessels.
KVH Industries, Inc. Receives $10.2 Million In New Orders For Fiber Optic Gyros For Remote Weapon Stations
KVH Industries, Inc. announced that it has received new orders totaling $10.2 million for its precision fiber optic gyros (FOGs) for use in remote stabilized weapon stations (RWS) from two major defense contractors. Shipment of these orders is expected to be completed before the end of the first quarter of 2010.
KVH Industries, Inc. Issues Q4 2009 Outlook; Revenue Outlook Above Analysts' Estimates
KVH Industries, Inc. announced that for fourth quarter of 2009, it expects revenue to grow 18%-24% year over year and net profit per share (EPS) of between $0.02-$0.07. The Company reported revenues of $21 million in fourth quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $24 million and EPS of $0.03 for the same period.
KVH Industries, Inc. And On-Waves Collaborate To Offer Maritime Cell Phone Service via the mini-VSAT Broadband Network
KVH Industries, Inc. and On-Waves Ehf announced that they are partnering to make cell phone service at sea a reality for crew and passengers on vessels around the globe. Using KVH's mini-VSAT Broadband(SM) network and TracPhone V7 satellite communications system along with the On-Waves maritime cell phone service, crew members, passengers, and onboard contractors can easily and affordably use their own cell phones to make and receive calls to and from anywhere in the world.
KVH Industries, Inc. Receives $2 Million In New Military Systems Orders
KVH Industries, Inc. announced that it has received a total of $2 million in new orders from multiple United States and international military customers for its TACNAV tactical navigation systems and Universal Multilingual Displays (UMDs). Shipments of these orders are scheduled to begin in the fourth quarter of 2009 with some extending into 2010. Due to contractual restrictions, additional details regarding the customers and platforms cannot be disclosed at this time.
