TMCnet News
Orbit International's Power Group Receives New Orders in Excess of $950,000(Targeted News Service Via Acquire Media NewsEdge) HAUPPAUGE, N.Y., April 19 -- Orbit International issued the following news release: Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer and software solution provider, today announced that its Power Group, Behlman Electronics, Inc. ("Behlman") has received new orders aggregating more than $950,000. The Company also reported that its Power Group, inclusive of these new orders received in March 2011, recorded bookings in the first quarter that were 88% higher than the same period last year. The first order, totaling $337,000, is for COTS power supplies used in a satellite communication system. This is Behlman's fourth production order for these units and Behlman expects additional orders for these power supplies in 2011 and beyond. This order is scheduled for delivery in the third and fourth quarters of this year. The second order, totaling $380,000, is a reorder of a COTS power supply used on the RC-135, a U.S. Air Force all-weather airborne reconnaissance aircraft. Over the life of this program, Behlman has received orders for these power supplies of over $1,200,000. Additional orders are expected during the ongoing upgrade of this aircraft. This order is also scheduled for delivery in the third and fourth quarters of this year. The final orders, totaling $242,000, are for a high voltage power supply used in the U.S. Navy's AN/UYQ-21 display console. Several years ago, this high voltage power supply was selected by the Navy to resolve an obsolescence issue on these display consoles, which are used throughout the U.S. Naval fleet. These orders are scheduled for delivery in the fourth quarter of 2011; additional orders for this program are expected this year and beyond. Mark Tublisky, President of Behlman commented, "Behlman has fueled growth in bookings and sales through repeat business from existing customers and by uncovering new market opportunities. Behlman's ability to operate in both commercial and military COTS markets, combined with our commitment to being a total power solutions provider, have created a strong demand for Behlman products in niche applications." Mitchell Binder, Acting Chief Executive Officer of Orbit International commented, "Following the 8.9% increase in bookings in 2010, Behlman's contract bookings through the first quarter increased 88% over the prior comparable period. As the economy continues to improve and we receive follow-on awards for our COTS applications, we are very encouraged by Behlman's position in the marketplace and remain confident that its business will remain strong throughout 2011." TNSC-PreestSi 97 110425-mv45-3355904 (c) 2011 Targeted News Service |