Accord launches sensor for aircraft, eyes $175-million revenue
19 Nov 2007
Mumbai: Accord Software and Systems Ltd has launched a global navigation satellite system (GNSS) solution and expects to earn at least $175 million in the next five years from it.
"The flight safety solution NexNav can be used as a primary navigation sensor in all kinds of aircraft. A NexNav equipped aircraft can avoid collision both in flight and on the ground,'''' Accord CEO and managing director J M Sundaresan told reporters.
He said NexNav received certification by the Federal Aviation Administration of the US on November 1. NexNav is an air-borne GPS (global positioning system) sensor that tracks satellite signals and provides highly accurate position, velocity and time.
The avionics product is priced at $7,000, he said adding that "on a conservative estimate, we aim to sell 25,000 units in the next five years.''''
Bangalore-based Accord said three entities in the US have shown interest in the product. Aircraft maker Eclipse Aviation and avionics overseas equipment manufacturers Chelton Flight Systems and L3 Communications have also chosen the product, he said.