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April 20, 2006

Defense sales push KVH sales, profits

KVH Industries of Middletown today reported net income of $1.3 million in the last quarter on revenues of $20.3 million. Both numbers are improvements on the same quarter last year when the company earned $300,000 on revenues of $17.9 million.

KVH, which makes mobile communication and defense-related navigation and guidance systems, called its first quarter "an outstanding start to the year.''

On a percentage basis, the military-related sales did better, increasing 57 percent to about $6 million. The company's mobile communication business increased just 2 percent to $14.3 million in the quarter.

Read the company release.

Posted by   at 8:47 AM | Permalink

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