LA PLATA, Maryland — Maritime connectivity provider KVH Industries Inc. is increasing its share-buyback program by 50%, to $15 million, having concluded that the market has not accounted for the company’s successful transition from a combined servicee and terminal builder for geostationary orbit satcom to a service provider of Starlink and OneWeb LEO connectivity.
In a March 10 presentation to investors, KVH Chief Executive Brent C. Bruun and Chief Financial Officer Anthony Pike asked investors to sift through one-time events to see the company’s makeover.
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