The Marketing Minute: Marketing With Layers
The Right Approach: Electro-Tek—A Williams Family Legacy, Part 1
It’s Only Common Sense: If You’re Not Differentiated, You’re Dead
Orbit International Electronics Group Reports Bookings for February 2024 in Excess of $2,000,000
March 14, 2024 | Globe NewswireEstimated reading time: 1 minute
Orbit International Corp., an electronics manufacturer and software solution provider, announced that its Electronics Group (OEG) reported bookings for the month of February 2024 in excess of $2,000,000. Deliveries for the February 2024 orders have already commenced and are expected to continue through the first quarter of 2026.
In addition, the Company’s Power Group (“OPG”) reported that it received an order in March 2024 totaling more than $1.0 million for power supplies used in a significant multi-year military program. Furthermore, the OEG reported that in March 2024 it also received an order for approximately $1,668,000 for a product used in a military aircraft program. Approximately $143,000 of this order, covering the order of long lead items, was previously recorded in a prior period. Deliveries for these awards will commence in the fourth quarter of 2024 and continue through the third quarter of 2025.
The Company also announced that Karl Schmidt, its Chief Operating Officer, will transition to the role of advisor to the CEO, Mitchell Binder, effective May 1, 2024. Mr. Schmidt will remain with the Company through the end of 2024 to assure the orderly transition of his duties and responsibilities to key members of Orbit’s management team.
Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that bookings for our OEG for the month of February 2024 were in excess of $2,000,000 with the majority of our bookings attributable to our previously announced order, in excess of $1,600,000, for a product used by the U.S. Navy. Additional orders received during the month for the OEG were for switch panels and displays.”
Binder added, “In addition to a firm booking month in February, on March 4, 2024, our OPG received an order in excess of $1,000,000 for power supplies used in a multi-year military program. This order, along with another anticipated order for our VPX power supplies well positions our OPG for a firm first quarter of bookings. Furthermore, our OEG received an order for $1,668,000 on March 10, 2024, which includes $143,000 of an order we previously recorded for long lead items related to a significant military aircraft program. We continue to work with our customers on several other business opportunities and expect additional bookings before quarter end, which will provide a strong first quarter of bookings and a firm start to 2024. However, the timing of the receipt of orders is always an uncertainty.”
Share on:
Testimonial
"Your magazines are a great platform for people to exchange knowledge. Thank you for the work that you do."
Simon Khesin - Schmoll MaschinenSuggested Items
Curtiss-Wright to Supply Turret Drive Stabilization Systems for U.S. Army XM30 Combat Vehicle Prototypes
10/16/2025 | BUSINESS WIRECurtiss-Wright Corporation announced that it has been selected by American Rheinmetall to provide its Turret Drive Stabilization System (TDSS) for the prototype phase of the U.S. Army’s XM30 Combat Vehicle (CV) program, which was recently approved to advance to Milestone B, the Engineering and Manufacturing Development (EMD) phase.
Episode 6 of Ultra HDI Podcast Series Explores Copper-filled Microvias in Advanced PCB Design and Fabrication
10/15/2025 | I-Connect007I-Connect007 has released Episode 6 of its acclaimed On the Line with... American Standard Circuits: Ultra High Density Interconnect (UHDI) podcast series. In this episode, “Copper Filling of Vias,” host Nolan Johnson once again welcomes John Johnson, Director of Quality and Advanced Technology at American Standard Circuits, for a deep dive into the pros and cons of copper plating microvias—from both the fabricator’s and designer’s perspectives.
American Standard Circuits Achieves Successful AS9100 Recertification
10/14/2025 | American Standard CircuitsAmerican Standard Circuits (ASC), a leading manufacturer of advanced printed circuit boards, proudly announces the successful completion of its AS9100 recertification audit. This milestone reaffirms ASC’s ongoing commitment to the highest levels of quality, reliability, and process control required to serve aerospace, defense, space, and other mission-critical industries.
Imec Launches 300mm GaN Program to Develop Advanced Power Devices and Reduce Manufacturing Costs
10/13/2025 | ImecImec, a world-leading research and innovation hub in nanoelectronics and digital technologies, welcomes AIXTRON, GlobalFoundries, KLA Corporation, Synopsys, and Veeco as first partners in its 300mm gallium-nitride (GaN) open innovation program track for low- and high-voltage power electronics applications.
Renesas Powers 800 Volt Direct Current AI Data Center Architecture with Next-Generation Power Semiconductors
10/13/2025 | RenesasRenesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced that it is supporting efficient power conversion and distribution for the 800 Volt Direct Current power architecture announced by NVIDIA, helping fuel the next wave of smarter, faster AI infrastructure.