Orbit International Electronics Group Reports Bookings for January 2024 in Excess of $1,500,000



HAUPPAUGE, N.Y., Feb. 07, 2024 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) reported bookings for the month of January 2024 in excess of $1,500,000. Deliveries for the January 2024 orders have already commenced and are expected to continue through the first quarter of 2026.

In addition, the OEG also reported that it received a more than $1.6 million order in February 2024 from a large defense contractor. The order is for a product used on a significant aircraft program for the U.S. Navy. Deliveries for this award will commence in the fourth quarter of 2024 and continue through the third quarter of 2025.

Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that bookings for our OEG for the month of January 2024 were in excess of $1,500,000 with the majority of our bookings for the month coming from our Simulator Products Solutions LLC (“SPS”) subsidiary. Bookings for SPS were slightly in excess of $1,100,000 …

Full story available on Benzinga.com


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