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Lockheed Martin Selects KVH Fiber Optic Gyro for Upgraded Infrared Search and Track SystemMIDDLETOWN, R.I., Jan. 21, 2020 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI), is pleased to announce that Lockheed Martin has selected KVH to develop and deliver the next-generation multi-axis fiber optic gyro (FOG) sensor for the IRST21 sensor system, which Boeing and the U.S. Navy are integrating into the F/A-18 E/F combat aircraft. KVH was chosen after a competitive process. A passive, long-range sensor system, IRST21 uses infrared and other sensor technologies to detect and track airborne threats with weapon-quality accuracy, increasing pilot reaction time and improving survivability. KVH is a leading innovator for assured navigation for manned and autonomous platforms requiring high accuracy using high-performance sensors and integrated inertial systems. KVH’s widely fielded TACNAV® systems are currently in use by the U.S. Army and Marine Corps as well as many allied militaries around the world. KVH’s FOGs and FOG-based inertial measurement units (IMUs) are in use today in a wide variety of applications ranging from optical, antenna, and sensor stabilization systems to mobile mapping solutions and aerial, maritime, and ground-based autonomous platforms. Note to Ediors: For more information about KVH’s entire line of fiber optic gyro products, please visit the KVH FOG website, kvh.com/imu. High-resolution images of KVH products are available at the KVH Press Room Image Library, kvh.com/Press-Room/Image-Library. About KVH Industries, Inc. This press release contains forward-looking statements that involve risks and uncertainties. For example, forward-looking statements include statements regarding our anticipated revenue and the impact of our future initiatives on revenue, competitive positioning, profitability, and product orders. Actual results could differ materially from the forward-looking statements made in this press release. Factors that might cause these differences include, but are not limited to: delays in the receipt of anticipated orders for our products and services, or the potential failure of such orders to occur at all; continued substantial fluctuations in defense sales, including to foreign customers; the unpredictability of defense budget priorities as well as the order timing, purchasing schedules, and priorities for defense products and services, including possible order cancellations; the uncertain impact of potential budget cuts by government customers; the need for, or delays in, qualification of products to customer or regulatory standards; export restrictions, delays in procuring export licenses, and other international risks. These and other factors are discussed in more detail in KVH’s most recent Form 10-Q filed with the SEC on October 31, 2019. Copies are available through its Investor Relations department and website, http://investors.kvh.com. KVH does not assume any obligation to update its forward-looking statements to reflect new information and developments. KVH Industries, Inc., has used, registered, or applied to register its trademarks in the U.S.A. and other countries around the world, including but not limited to the following marks: KVH and TACNAV. All other trademarks are the property of their respective companies. For further information, please contact: |