HAUPPAUGE, N.Y., Sept. 26, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (the "Company") (OTCID Basic Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Power Group ("OPG") received two contract awards totaling approximately $1,500,000. The awards consisted of a follow-on award for a COTS power supply used on a military program as well as an award for a VPX power supply. Deliveries for these orders are expected to commence in the second quarter of 2026 and continue through the fourth quarter of 2026.
Mitchell Binder, President and CEO of Orbit International commented, "Our OPG continued its strong bookings in the current quarter with two orders totaling approximately $1,500,000. The two orders this month follow on the heels of more than $1,700,000 in August bookings. One of the orders is a follow-on order for a COTS power supply on a program for the U.S. Navy. The other order is for a VPX power supply."
Binder added, "In addition to the strong bookings from our OPG, our Orbit Instrument division and our Simulator Product Solutions LLC subsidiary continue to bid on several new and follow-on opportunities. Our Orbit Instrument division is expecting a significant award, which it hopes to receive shortly on a legacy program for the U.S. Navy. Although the timing of the receipt of these awards remains beyond our control, we are encouraged by the breadth of opportunities and remain hopeful that our order flow will increase for the remainder of 2025."
Orbit International Corp., through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial and commercial applications through its production facilities in Hauppauge, NY and Carson, CA. Orbit's Power Group, also located in Hauppauge, NY, designs and manufactures a wide array of power products including VPX, COTS (Commercial-off-the-shelf) and commercial power supplies.
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 International Corp.'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 International Corp. 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 Corp.'s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International Corp. and the statements contained in this news release can be found in Orbit International Corp.'s reports posted with the OTC Disclosure and News service. For forward-looking statements in this news release, Orbit International Corp. claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit International Corp. assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
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