Orbit International's Power Group Receives New Orders Valued in Excess of $1,675,000 for Its COTS Division
Orbit International Corp. (OTC PINK: ORBT), an electronics manufacturer and software solutions provider, today announced that its Power Group, through its Behlman Electronics, Inc. subsidiary ("Behlman"), has received two new orders valued in excess of $1,675,000 for its COTS division.
These awards are follow-on orders for COTS power supplies used in a U.S. Naval anti-submarine and anti-ship surveillance and targeting system and a wide area surveillance radar system. Deliveries are expected to commence in the second quarter of 2015 and be completed in the first quarter of 2016. With respect to the order for the anti-submarine and anti-ship surveillance and targeting system, inclusive of this order, Behlman has booked over $14,900,000 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 follow-on 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 both economical and reliable COTS power supplies for our customers and at the same time be able to meet stringent military and industrial requirements year after year."
Mitchell Binder, President and CEO of Orbit International commented, "These orders come on the heels of two strong booking months in October and November 2014 from our Electronics Group and as well as over $6,000,000 in combined bookings in our third quarter from both our Electronics and Power Groups. We are encouraged by these latest orders for our Power Group which has helped to improve our consolidated year-end backlog and firm up our delivery schedules for 2015 as many of these recent awards will begin shipping in the second quarter of 2015. We are still anticipating other follow-on awards on existing programs which we hope to receive early in 2015 which will also positively impact 2015 shipments."
Source : Orbit International Corp. - view original press release
May 24 - 25, 2017 - Annapolis, United States