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Orbit International’s Electronics Group receives new purchase order for ~$1.1M

Published 11/28/2017, 09:54 AM
© Reuters.  Orbit International’s Electronics Group receives new purchase order for ~$1.1M
ORBT
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  • Orbit International (ORBT) announced that its Electronics Group has received a new purchase order for its displays, from a major prime contractor on a major aviation program, for approximately $1.1M.
  • Deliveries of the completed units are expected to commence in Q2 2018 and continue through Q4 2018.
  • Mitchell Binder, President and CEO of Orbit International (ORBT) commented, “This latest award for our Electronics Group does have an option for additional units that could increase the total contract value to approximately $1,285,000. It is also one of several awards that we were expecting before the end of the calendar year. Our bid pipeline still remains firm and this award should help us achieve a strong booking quarter, although the timing of future awards is an uncertainty.”
  • Press Release
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