defence.professionals GmbHnew

 

defpro.news

News Title  
Company  
Orbit International’s Power Group Receives Order for U.S. Naval Anti-Submarine, Anti-Ship Surveillance Targeting System 

Order Includes an Additional Option in 2011

19:07 GMT, October 29, 2009 HAUPPAUGE, N.Y. | Orbit International Corp. (NASDAQ:ORBT), a defense electronics manufacturer, systems integrator and software solution provider, today announced that its Power Group, through its Behlman Electronics, Inc. subsidiary (“Behlman”), has received an order for approximately $1,389,000 for a commercial-off-the-shelf (COTS) power supply for its COTS division to support a U.S. Naval anti-submarine and anti-ship surveillance targeting system. Deliveries under this contract are expected to commence in the first quarter of 2010 and continue until the fourth quarter of 2010.

This latest award represents the exercise of the fourth option of a contract that was negotiated in December 2006. This order also included an option for an additional award in 2011, which if exercised, could result in additional revenue in excess of $1,000,000. This is the third major COTS power supply award Behlman has received during the last few months. The Company also announced that Behlman’s commercial division, which had been adversely affected by weak economic conditions, has recently seen greater demand for its commercial products which has resulted in an increase in orders.

Mark Tublisky, President of Behlman, stated, “Behlman continues to pursue a significant amount of business opportunities driven by our ability to provide customers with low cost, reliable COTS power solutions. Behlman has the unique ability to pursue program opportunities which typically include significant large production quantity requirements, while still remaining committed to a comprehensive line of catalogue power products for our longstanding global customers.”

Tublisky, concluded, “We remain confident that Behlman’s current business model, which emphasizes flexible COTS designs and superior customer service, will lead to continued growth.”

Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp., commented, “Behlman has had a very strong year in its COTS division and is well positioned to receive follow-on production orders on many of its programs. The strength in its COTS division has provided program opportunities that have more than offset the weakness in its commercial division. In spite of ongoing economic uncertainty, Behlman’s commercial division, for the third quarter recorded its strongest bookings for the year and this increased demand for commercial power units has continued into the current fourth quarter. With a solid foundation of continued COTS program opportunities, now bolstered by increased business from its commercial division, our Behlman Power Group appears to be positioning itself for revenue and profitability growth in 2010.” 
 

Avatar defpro.news


Country: Germany Type: Industry & Suppliers Status: premium
Company or Organisation Portrait:
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.
 
Company or Organisation Contact:
Orbit International Corp.
Mitchell Binder
+1-631-435-8300
Executive Vice President

Investor Relations Counsel
The Equity Group Inc.
Lena Cati
+1-212-836-9611

Linda Latman
+1-212-836-9609
 

Welcome Guest, please login or register
Forgotten your password or username?

Back Top RSS-Feed
Options Add news RSS Feed
mh-90 ng
Statistics News added today: 0 News added this week: 161
Latest news Committee suspends South African defence Bill d... Bushmaster Shortlisted for Canadian Army TAPV... Royal Thai Air Force becomes a member of the... Patria’s Nemo Mortar System Selected for... Marshall Land Systems Establishes New Business...
7. Handelsblatt Konferenz Sicherheitspolitik und Verteidigungsindustrie.