Business Remains Strong after Record Bookings in 2011
Hauppauge, New York, January 24, 2012 -- Orbit
International Corp. (NASDAQ:ORBT) ("Orbit") today
announced that its Power Group, through its Behlman
Electronics, Inc. subsidiary ("Behlman"),
received a new order for its COTS Division valued at
$649,000.
This order is for a COTS power supply used in a United
States Naval anti-submarine and anti-ship surveillance and
targeting system. Deliveries are scheduled to begin by the
end of the third quarter of 2012 and continue through the
first quarter of 2013. Behlman has been supplying its
customer with this power supply for over 10 years and it
anticipates additional awards for this unit through
2016.
Mark Tublisky, President of Behlman commented,
"Behlman's line of multi-output COTS power
supplies has been a major reason for our growth in recent
years. These products are used in a wide variety of
industrial and military applications which have and should
continue to provide many years of repeat business. With a
business model that is based on a flexible COTS design
platform combined with superior customer service, Behlman
has been able to grow its business in both the military and
industrial markets."
Mitchell Binder, President and CEO of Orbit commented,
"Behlman has continued its momentum in 2012 after a
record year of bookings, revenue and backlog in 2011.
Bookings in 2011 increased by 35% over the prior year and
with bookings exceeding $5,300,000 in the fourth quarter of
2011, combined with our strong bookings year-to-date, we
are again well positioned for strong operating performance
in 2012. Furthermore, we expect to continue to receive
follow-on orders for legacy programs in both our COTS and
Commercial Divisions."
Orbit International Corp. is involved in the manufacture of
customized electronic components and subsystems for
military and nonmilitary government applications through
its production facilities in Hauppauge, New York, and
Quakertown, Pennsylvania; and designs and manufactures
combat systems and gun weapons systems, provides system
integration and integrated logistics support and
documentation control at its facilities in Louisville,
Kentucky. Its Behlman Electronics, Inc. subsidiary
manufactures and sells high quality commercial power units,
AC power sources, frequency converters, uninterruptible
power supplies and COTS power solutions.
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