Orbit International's Power Group Receives New Order Valued in Excess of $695,000 for Its COTS Division
Orbit International Corp. (NASDAQ: ORBT), an electronics manufacturer and software solutions provider, today announced that its Power Group, through its Behlman Electronics, Inc. subsidiary ("Behlman"), has received a new order valued in excess of $695,000 for its COTS division.
This award is a follow-on order for a COTS power supply used in a U.S. Naval anti-submarine and anti-ship surveillance and targeting system. Deliveries are expected to commence in the second quarter of 2014 and be completed in the third quarter of 2014. Including this order, Behlman has booked over $11,500,000 for this application since 1999, and expects to receive additional orders for these units through at least 2016.
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Ron Storm, President of Behlman commented, "Receiving repeat orders for mission-critical COTS power supplies for more than fifteen years is an accomplishment we are proud to acknowledge. It is quite a testimony to the expertise of our design, manufacturing and engineering teams that Behlman can produce economical COTS power supplies for our customers and at the same time meet stringent military and industrial requirements year after year."
Mitchell Binder, President and CEO of Orbit International commented, "We are encouraged by this latest order for our Power Group, which represents the second purchase order we received for this program since September 2013, with a combined value of approximately $1,250,000. Currently we have a good bid opportunity pipeline and are hopeful that the recent budget agreement in Washington will give our customers the greater budget clarity needed to speed up the procurement process going forward."
Source : Orbit International Corp. - view original press release
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