Orbit International’s Electronics Group Receives Military Orders Worth $2.1M in September

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Orbit International, an electronics manufacturer, and software solution provider, has 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 adding 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.”

Orbit International, through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial and commercial 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, VME/VPX power supplies as well as various COTS power sources.

On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (COVID-19) a global pandemic and recommended containment and mitigation measures worldwide. The Company was classified as an essential business by New York State and therefore was exempt from the state’s mandate that all non-essential businesses close their business locations until further notice. In addition, as a member of the Defense Industrial Base (“DIB”), the Company is mandated by the Secretary of Defense to continue to provide the essential products and services required to meet national security commitments to the Federal Government and the U.S. Military. The Company remains open while the following guidance from the Centers for Disease Control (“CDC”) to best protect our employees. At this time, the length and severity of the COVID-19 pandemic are still unknown.