HAUPPAUGE, NY – Orbit International reported bookings in excess of $4 million for August, and said deliveries of those orders have already commenced and are expected to continue through the fourth quarter.
“We are pleased to report that consolidated bookings for the month of August 2023 were approximately $4 million with each of our operating units contributing over $1 million in bookings for the month," said Orbit International President and CEO Mitchell Binder. "Bookings for our Orbit Power Group were approximately $1.35 million highlighted by approximately $1.1 million in orders for our VPX and COTS power supplies. Orders for our Orbit Electronics Group, exclusive of orders received by our Simulator Product Solutions LLC subsidiary, were approximately $1.15 million, which represented orders for our displays and touch panels. In addition to these orders, our OEG (exclusive of SPS) is working on significant follow-on orders with two of its customers as well as a large engineering effort with a third customer which could result in firm bookings prior to year-end.
"On the heels of several large contracts received over the last few months, orders for our SPS subsidiary totaled approximately $1.55 million for the month of August bringing its record year-to-date bookings to approximately $8.5 million compared to total bookings for SPS, for all of 2022, of approximately $5.4 million, an increase of approximately 57%. In addition to the strong booking performance through August 2023, SPS has several new and follow-on business opportunities that it hopes will be awarded prior to year-end, adding to its record bookings year."