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KVH Industries Inc. of Middletown, R.I. reports it has landed new orders from two unnamed major defense contractors worth $10.2 million for its precision fiber optic gyros (FOGs) for use in remote stabilized weapon stations.
KVH (Nasdaq: KVHI) will ship its DSP-3100 FOGs to provide precise optical stabilization and weapon recoil control for the RWS units. The FOGs help the weapons systems stay on target even if the vehicle it is mounted on is moving. The defense contractors are expected to receive all of the deliveries by the end of the first quarter of 2010, according to KVH.
Remote weapon stations allow gunners to operate, aim and fire the weapon from inside the safety of their vehicles, taking the gunners out of turret positions where they are exposed to hostile fire.
Earlier this month, KVH landed $2 million from undisclosed U.S. government and international military customers for its TACNAV tactical navigation systems and its Universal Multilingual Display systems. KVH said it expects to begin shipments in the fourth quarter.
In August, KVH received a $1.7 million order from an unnamed customer for its fiber-optic gyros to be used in remote stabilized weapon systems — platforms that allow gunners to operate weapons from inside vehicles. KVH’s DSP-3100 FOGs help stabilize the sights and manage weapon recoil for remote stabilized weapon units so that the weapon stays on target whether the vehicle is stationary or moving, the company said.
For 2008, KVH reported $82 million in revenue, with $3 million in net income.
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