Orbit International's Power Group Receives 3 New Orders Valued in Excess of $1.5 MHauppauge, New York - 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"), has received three new orders for its COTS Division valued in excess of $1.5 million.
The first order valued at approximately $470,000 is for a COTS power supply used on a U.S. Naval Electro Optical Sensing System. Deliveries for this order are scheduled to begin in the first quarter of 2012 and continue through the third quarter of 2012. Option quantities have been quoted through 2015, which if awarded could bring the total amount of orders for these units to over $1.5 million.
Top 20 Defense Contractor Assessments
The second order, valued at approximately $657,000, is for a COTS power supply for a computer system used on a major missile defense system. This power supply is part of a system upgrade for an ongoing program for which Behlman received a $458,000 order in August 2011. Behlman expects to receive additional orders for this product in the future. Deliveries for this order are scheduled to commence in the second quarter of 2012 and continue through the fourth quarter of 2012.
The third order, valued at approximately $455,000, is for a COTS power supply, used on the RC-135, a U.S. Air Force (USAF) all-weather airborne reconnaissance aircraft. Behlman has been supplying units for this program since 2008, and with this order, has booked over $1,900,000 for this application. Behlman expects to receive additional orders for these units as the USAF continues to upgrade the RC-135 aircraft. Deliveries for this order are scheduled to commence in the second quarter of 2012 and continue through the fourth quarter of 2012.
Mark Tublisky, President of Behlman Electronics commented, "Our customers continue to turn to Behlman for COTS power solutions to upgrade their systems with the latest technology, thereby affording their own customers savings in both development costs and delivery time. Behlman's standard platform of COTS power solutions provides our customers with reliable cost effective solutions to their power requirements and it has been instrumental in helping Behlman achieve continual growth in our business."
Mitchell Binder, President and CEO of Orbit International commented, "We are pleased to receive the orders for these units as we continue to expand our presence on numerous key programs used by the U.S. Army, Navy and Air Force. We remain confident that our ability to continue to provide COTS solutions throughout the various U.S. military branches will lead to continued business in the coming years."
Binder continued, "Business at our Power Group remains exceptionally good and bookings in the month of October, particularly for our COTS division remain very strong. Based on this trend we expect Behlman's strong operating performance to continue for the remainder of 2011 and into 2012."
Source : Orbit International Corp.
Jul 15 - 17, 2013 - San Jose, United States