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Orbit International's Electronics Group Lands Orders Over $1M in May
June 7, 2016 | Orbit InternationalEstimated reading time: 1 minute
Orbit International Corp., an electronics manufacturer and software solution provider, announced that bookings for its Electronics Group exceeded $1 million for the month of May 2016.
The bookings for May 2016 were highlighted by several follow-on production awards including a contract for the Electronics Group's product supporting a gun weapon system as well as other awards for its displays and switch panels. Deliveries for the awards received during May are scheduled to commence in the third quarter of 2016 and continue through the first quarter of 2017.
“Our Electronics Group got off to a strong start in 2016 with the receipt of several significant orders that were previously announced during the first quarter. These recent awards in May 2016 further add to the strong year-to date bookings for the Group. In addition, our Electronics Group is finalizing negotiations with customers on two other significant awards that it hopes to receive before the end of the second quarter, although timing is always an uncertainty,” commented Mitchell Binder, president and CEO of Orbit International.
The company also announced that its 2016 Annual Meeting of Stockholders will be held at its corporate office located at 80 Cabot Court, Hauppauge, NY at 10:00 a.m. on June 27, 2016. The official notice of meeting, proxy statement, proxy voting card and 2015 Annual Report are available on its website, www.orbitintl.com under "Investor Relations."
About Orbit International
Orbit International Corp., through its Electronics Group, is involved in the manufacture of customized electronic components and subsystems 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 Newbury Park, CA and a facility in Louisville, KY dedicated to the design and manufacture of gun weapons systems as well as VME/VPX solutions including backplanes, health monitors, air transport racks and components.
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