Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer and software solution provider, today announced that its Power Group, through its Behlman Electronics, Inc. subsidiary ("Behlman"), received a $458,000 follow-on order for a COTS power supply for a computer system used on a major missile defense system. Deliveries are expected to commence in the fourth quarter of 2011 and continue through the second quarter of 2012.
This COTS power supply is part of a system upgrade for an ongoing program for which Behlman received its initial order in July 2009. This follow-on order is Behlman's second, bringing the total value of related orders to $1.6 million. Furthermore, Behlman's customer has the option to purchase additional units valued at up to $810,000 by June 2012.
Mark Tublisky, President of Behlman commented, "Behlman continues to see a significant amount of activity in both new requirements and follow-on programs at its COTS Division. Behlman's commitment to providing its customers with a total solutions approach for their power needs is an important reason behind our continued sales growth. We expect Behlman to continue to see strong sales in the coming months due to an increase in demand for our COTS power solutions."
Mitchell Binder, President and Chief Executive Officer of Orbit International commented, "In addition to increased business activity for Behlman's modified COTS products, its Commercial Division's year-to-date bookings are up more than 60% from the same period last year. Coming off record second quarter revenues, Behlman's business continues to be very strong and we believe that it should remain so through the remainder of this year and into 2012."
Mr. Binder concluded, "Due, in part, to the strength of our Power Group, Orbit recorded excellent first half results and one of its best operating quarters in recent years. We continue to expect our operating results for the remaining quarters of 2011 to equal or exceed those of the first quarter, resulting in strong operating performance for our Company for 2011."
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