Orbit International’s Electronics Group Receives up to $1,180,000 Letter Subcontract for Major Helicopter Program
2013年1月8日 - 10:45PM
ビジネスワイヤ（英語）
Orbit International Corp. (NASDAQ:ORBT) today announced that its
Electronics Group has received a Letter Subcontract with a
not-to-exceed value of $1,180,000 to manufacture displays for a
major helicopter program. Work on this project will be performed at
Orbit’s Tulip Development Laboratory (“TDL”) subsidiary located in
Quakertown, PA.
The Letter Subcontract authorizes TDL to commence the
procurement of long lead-time items while contract negotiations are
completed. These negotiations should conclude within 60 days.
Deliveries are expected to commence in the second quarter of 2013
and should be completed in the third quarter of 2013. Follow-on
orders for TDL’s display are expected through 2016.
The helicopter is part of a family of heavy-lift transport
helicopters that are designed to operate in naval environments. One
of the most proven heavy-lift systems in the world, this helicopter
can carry more than 30,000 pounds of cargo and fly a range of
operations that include transporting cargo, artillery, vehicles,
and troops. Originally developed for use by the United States
Marine Corps, it is also currently in service in Germany, Israel
and Mexico.
David Gutman, President of TDL commented, “It is very rewarding
to be part of a team responsible for the recapitalization of DOD
equipment. Recapitalization programs require the ability to upgrade
older designs with the latest technology, ensuring long life and
reliability while conforming to form, fit and functionally of the
original system. Our upgraded display will be replacing two
outdated displays in each helicopter currently in service. Our
display system was designed to withstand all the harsh
environmental conditions in theater. The system incorporates the
latest technology for night vision, daylight visibility, touch
screen operations and communication to the host computer
system.”
Mitchell Binder, President and CEO of Orbit International added,
“Our Electronics Group is well positioned going into 2013; our
Orbit Instrument Division ended 2012 on a very strong note with
monthly bookings of approximately $1 million in both November and
December. In addition to this TDL order, as previously announced,
our Electronics Group has several outstanding proposals for
equipment on legacy programs. We expect that a number of these
proposals will convert to orders in the first quarter of 2013.”
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.
Certain matters discussed in this news release and oral
statements made from time to time by representatives of the Company
including, statements regarding our expectations of Orbit’s
operating plans, deliveries under contracts and strategies
generally; statements regarding our expectations of the performance
of our business; expectations regarding costs and revenues, future
operating results, additional orders, future business opportunities
and continued growth, may constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Federal securities laws. Although Orbit believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved.
Forward-looking information is subject to certain risks, trends
and uncertainties that could cause actual results to differ
materially from those projected. Many of these factors are beyond
Orbit International's ability to control or predict. Important
factors that may cause actual results to differ materially and that
could impact Orbit International and the statements contained in
this news release can be found in Orbit's filings with the
Securities and Exchange Commission including quarterly reports on
Form 10-Q, current reports on Form 8-K, annual reports on Form 10-K
and its other periodic reports. For forward-looking statements in
this news release, Orbit claims the protection of the safe harbor
for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Orbit assumes no obligation to
update or supplement any forward-looking statements whether as a
result of new information, future events or otherwise.
Orbit (PK) (USOTC:ORBT)
過去 株価チャート
から 11 2024 まで 12 2024
Orbit (PK) (USOTC:ORBT)
過去 株価チャート
から 12 2023 まで 12 2024
