HAUPPAUGE, N.Y., June 11, 2019 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (OEG) received a follow-on award for a switch panel totaling in excess of $950,000. Deliveries are expected to commence in the fourth quarter of 2019 and be completed by the second quarter of 2020.
Mitchell Binder, President and CEO of Orbit International commented, “This order will add to a strong booking quarter highlighted by our previously announced order received by our Power Group (OPG) in April 2019 for approximately $4,100,000 for production of Common Aircraft Armament Test Sets (CAATS). Furthermore, this order should firm up our delivery schedules for the fourth quarter of 2019.”
Binder added, “The outlook for our OEG for 2019 once again looks strong with significant bookings expected in the second half of the year, primarily through follow-on contracts. In addition, potential opportunities for our power supplies utilizing our VPX technology are expanding as we continue to introduce our products on new programs while other programs using our VPX products enter their initial production phase.”
Orbit International Corp., through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military and nonmilitary government applications through its production facility in Hauppauge, New York. Orbit’s Power Group, also located in Hauppauge, NY, designs and manufactures a wide array of power products including AC power supplies, frequency converters, inverters, uninterruptible power supplies, VME/VPX power supplies as well as various COTS power sources. The Company also has a sales office in Bradenton, FL.