Orbit Receives New Order in Excess of $2.1 M for Common Transponder Program
- Expects Additional Orders to be Placed By 2010 Year-End
Dennis Sunshine, President and Chief Executive Officer of Orbit International, commented, "With this $2.1 million contract award, our customer has placed RCU orders well in excess of the amount initially contemplated under the terms of a prior long-term agreement (LTA). Over the life of our participation on this program, we have delivered more than 3,600 RCUs to support CXP Identification Friend or Foe ("IFF") critical program requirements. As noted, in addition to this order, we expect that the option to procure additional RCUs will be exercised by our customer by year-end 2010 with deliveries in 2011. In addition, due to ongoing demand for our RCUs in various configurations, we have provided our customer with pricing for out year requirements beyond 2012."
The Electronic Warfare (EW) Market 2012-2022
Sunshine concluded, "Our RCUs have been deployed and are operational as a critical part of the U.S. military operations in the Persian Gulf. Given the success and visibility of our RCU units in support of U.S. Navy, Marine (NAVICP) and U.S. Army IFF operations (CECOM), other prime contractors have inquired about modifications to our current mechanical and software configurations for a variety of cockpit applications that will require Mode 5 and Mode S capabilities. We are currently responding to a number of strategic opportunities for our qualified, base lined RCU."
Source : Orbit International Corp.