Was in Indy this past weekend and the Brick Yard 500 was taking place, about 30 % of the support rigs were already equipped with KVHI systems.
Our domes were on all the best rigs, virtually all the newer units we saw were sporting KVHI equipment. It's good to see this filtering into our society. IMO these rigs which support the racing teams act as homes for crews and offices or command centers for the various teams. They are on the road non stop so you can bet they are some of the early subscribers of KVHI internet and programming services.
It's not just sail boats. IMO these recently announced OEM deals signed with all the Motor home & bus providers will expand our presence to the point we become noticeable, the fact of OEM standard equipment will actually increase the retrofit market.
Awareness is everything.
PS went up to Wright Patterson to the air museum, and saw some incredible technology. Some of which will Soon perhaps be equipped with KVHI sensors. If you can get to WP go to this museum, it has all new aircraft including YF22, totally an awesome trip. You can actually walk the underbelly of an SR71 or any other craft, including some that NO One ever talks about.
KVH Industries, Inc. | Stock Discussion ForumsShare
This is really good news for KVH too, as Fleetwood was the largest of our three OEM signings in June.
<<Fleetwood Enterprises, Inc. (NYSE: FLE - News), The nation's largest manufacturer of recreational vehicles and a leading producer and retailer of manufactured housing, today announced results for the first quarter of fiscal 2003, ended July 28, 2002. The Company reported a first quarter net loss of $1.5 million or 4 cents per diluted share, compared with a loss of $91.8 million or $2.80 per diluted share for the same period last year. Last year's loss includes the previously reported $80.6 million write-off of the remaining goodwill at Fleetwood's retail housing division. >>
<<We are particularly pleased with the improved performance of our motor home and travel trailer divisions. >>
<<At the operating income level, the RV Group earned $17.7 million, compared with a loss of $17.8 million last year. Most of the improvement was due to better market conditions and favorable customer reaction to Fleetwood's new and renovated Class A motor homes.
Recreational vehicle sales in the first quarter rose 39 percent to $371.0 million from $266.3 million in the prior year. Revenues saw double-digit percentage gains in all three categories, with motor homes improving by 63 percent from $134 million to $218 million. In the towable category, travel trailer and folding trailer sales rose from $107 million and $26 million, respectively, to $122 million and $31 million this year.
"All three of the RV divisions were strongly profitable this quarter," Caudill said. "Our motor home division produced a 73% upsurge in diesel sales, PRIMARILY DUE TO THE INTRODUCTION OF NEW PRODUCTS DURING THE YEAR. In addition to increased sales, the travel trailer division reduced its operating expenses by 16 percent and improved its gross margin significantly, which was key to achieving profitability.">>