Orbit International’s Electronics Group Receives New Contract in Excess of $950,000
ORBIT INTL CORP (ORBT)
US:NASDAQ Investor Relations:
orbitintl.com/intl/investors
Company Research
Source: GlobeNewswire
HAUPPAUGE, N.Y., June 11, 2019 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (OEG) received a follow-on award for a switch panel totaling in excess of $950,000. Deliveries are expected to commence in the fourth quarter of 2019 and be completed by the second quarter of 2020. Mitchell Binder, President and CEO of Orbit International commented, “This order will add to a strong booking quarter highlighted by our previously announced order received by our Power Group (OPG) in April 2019 for approximately $4,100,000 for production of Common Aircraft Armament Test Sets (CAATS). Furthermore, this order should firm up our delivery schedules for the fourth quarter of 2019.” Binder added, “The outlook for our OEG for 2019 once again looks strong with significant bookings expected in the second half of the year, primarily through follow-on contracts. In addition, potentia
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