Orbit Receives Follow-On Order for Common Transponder Program
- Orbit Instrument Division Bookings for 2010 Exceed $11 Million
Bruce Reissman, Orbit's Chief Operating Officer commented, "As we announced in September 2010 when we booked the $2.1 million follow-on RCU order, our customer has exercised its option to procure additional RCUs. Since we received the initial RCU order, we have been awarded several follow-on orders and have delivered more than 3,700 units to our customer. In addition, our customer continues to indicate ongoing RCU demand in various configurations, and has requested multi-year pricing through 2013."
The Global Military Simulation and Virtual Training Market 2015-2025
Mitchell Binder, Acting Chief Executive Officer of Orbit International commented, "This follow-on order comes on the heels of a very good year for bookings by our Orbit Instrument Division which exceeded $11,000,000. Based on current delivery schedules, we expect increased revenue and profitability from this operating unit for 2011."
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : Orbit International Corp.