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."
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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."
Source : Orbit International Corp.