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Orbit International's Power Group, through its Behlman Electronics subsidiary, has received an order for commercial-off-the-shelf power supply to support a U.S. Naval anti-submarine and anti-ship surveillance targeting system.
HAUPPAUGE, N.Y. | Orbit International Corp. (NASDAQ:ORBT), a defense electronics manufacturer, systems integrator and software solution provider, today announced that its Power Group, through its...
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Orbit International Corp. (NASDAQ: ORBT), a defense electronics manufacturer, systems integrator and software
http://finance.yahoo.com/news/Orbit-International-Corp-to-bw-1048234830.html?x=0&.v=1
Orbit International Corporation today announced that its Orbit Instrument Division has received an award from the FAA valued at $875,000 for the design, manufacture and delivery of a new circuit card assembly in support of the Automated Radar Terminal System (ARTS) 11E and 111E keyboard
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Nov 02, 2009 (Close-Up Media via COMTEX) --
Orbit International Corp., a defense electronics manufacturer, systems integrator and software solution provider, announced that its Power Group, through its Behlman Electronics, Inc. subsidiary, has received an order for approximately $1,389,000 for a commercial-off-the-shelf (COTS) power supply for its COTS division to support a U.S. Naval anti-submarine and anti-ship surveillance targeting system.
Orbit noted that deliveries under this contract are expected to commence in the first quarter of 2010 and continue until the fourth quarter of 2010.
According to a release, this latest award represents the exercise of the fourth option of a contract that was negotiated in December 2006. This order also included an option for an additional award in 2011, which if exercised, could result in additional revenue in excess of $1,000,000. This is the third major COTS power supply award Behlman has received during the last few months. The Company also announced that Behlman's commercial division, which had been adversely affected by weak economic conditions, has recently seen greater demand for its commercial products which has resulted in an increase in orders.
Mark Tublisky, President of Behlman, noted, "Behlman continues to pursue a significant amount of business opportunities driven by our ability to provide customers with low cost, reliable COTS power solutions. Behlman has the unique ability to pursue program opportunities which typically include significant large production quantity requirements, while still remaining committed to a comprehensive line of catalogue power products for our longstanding global customers."
Tublisky, concluded, "We remain confident that Behlman's current business model, which emphasizes flexible COTS designs and superior customer service, will lead to continued growth."
Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp., noted "Behlman has had a very strong year in its COTS division and is well positioned to receive follow-on production orders on many of its programs. The strength in its COTS division has provided program opportunities that have more than offset the weakness in its commercial division. In spite of ongoing economic uncertainty, Behlman's commercial division, for the third quarter recorded its strongest bookings for the year and this increased demand for commercial power units has continued into the current fourth quarter. With a solid foundation of continued COTS program opportunities, now bolstered by increased business from its commercial division, our Behlman Power Group appears to be positioning itself for revenue and profitability growth in 2010."
Orbit International Corp. is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications.
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Companies: Orbit International Corp. (ORBT)
HAUPPAUGE, N.Y., Nov 02, 2009 (BUSINESS WIRE) --
Orbit International Corp. (NASDAQ: ORBT), a defense electronics manufacturer, systems integrator and software solution provider, today announced that it will release its financial results for the third quarter and nine months ended September 30, 2009 on Tuesday, November 10, 2009, before the opening of the stock market.
Orbit's Chief Executive Officer, Dennis Sunshine and Chief Financial Officer, Mitchell Binder will host a conference call for investors at 11:00 am ET on Tuesday, November 10, 2009 to discuss financial results and business developments. Interested parties may participate in the call by dialing 706-679-3204; please call in 10 minutes before the conference call is scheduled to begin and ask for the Orbit International conference call. After opening remarks, there will be a question and answer period. Questions may be asked during the live call, or alternatively, you may e-mail questions in advance to lcati@equityny.com.
The conference call will also be broadcast live over the Internet. To listen to the live call, please go to www.orbitintl.com and click on the Investor Relations section. Please go to the website at least 15 minutes early to register, and download and install any necessary audio software. If you are unable to listen live, the conference call will be archived and can be accessed for approximately 90 days at Orbit's website. We suggest listeners use Microsoft Explorer as their browser.
Orbit International Corp. is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications through its production facilities in Hauppauge, New York, and Quakertown, Pennsylvania; and designs and manufactures combat systems and gun weapons systems, provides system integration and integrated logistics support and documentation control at its facilities in Louisville, Kentucky. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and COTS power solutions.
SOURCE: Orbit International Corp.
Orbit International Corp. Mitchell Binder, 631-435-8300 Executive Vice President or Investor Relations Counsel The Equity Group Inc. Lena Cati, 212-836-9611 Linda Latman, 212-836-9609
Tags: business ceo commercial conference defense electronics e-mail financial results government kentucky manufacturer market military nasdaq new_york pennsylvania software
Companies: Orbit International Corp. (ORBT)
Nov 02, 2009 (Wall Street Horizon via COMTEX) --
Orbit International Corp. (ORBT)
Expected next earnings release: Announcement date: 11/10/2009 - Before Market Earnings Quarter: Q3 Announcement Status: Verified
Expected next investor conference call information: Conference Call Date: 11/10/2009 Conference Call Time (ET): 11:00 AM Conference Call URL:
Tags: conference corporate earnings market
Companies: Orbit International Corp. (ORBT)
Oct 31, 2009 (Wall Street Horizon via COMTEX) --
Orbit International Corp. (ORBT)
Expected next earnings release: Announcement date: 11/5/2009 - Before Market Earnings Quarter: Q3 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: Orbit International Corp. (ORBT)
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AUSA WINTER SHOW Ft. Lauderdale, FL February 25-27, 2009. NAVY LEAGUE/ SEA-AIR-SPACE Landover, MD May 4-6, 2009. DEFENSE SYSTEMS & EQUIPMENT INTERNATIONAL EXHIBITION 2009
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