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Orbit International’s Electronics Group Receives Two New Orders in September
September 24, 2021 | Globe NewswireEstimated reading time: Less than a minute
Orbit International Corp., an electronics manufacturer and software solution provider, announced that its Electronics Group (OEG) received two new orders in the month of September 2021 totaling approximately $2,100,000. Deliveries for these orders are expected to commence in the third quarter of 2022 and continue through the first quarter of 2023.
Mitchell Binder, President and CEO of Orbit International commented, “These two new orders for our OEG, which include an order in excess of $800,000 for a major program for the U.S. Navy and an order in excess of $1,200,000 for a major aircraft program, highlight our September month-to-date bookings and come on the heels of our previously announced strong consolidated booking month in August 2021 and our OEG’s second quarter bookings which were in excess of $3,250,000. These new orders continue to solidify our delivery schedules for 2022. Furthermore, our sales teams for the OEG are working on additional new and follow-on opportunities that we are optimistic will result in additional awards for the fourth quarter, although the timing of the receipt of these awards, particularly from our military customers is uncertain.”
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