OEG Bookings in Excess of $2,300,000 for August 2026
OPG Bookings Approximately $1,200,000 for August 2026
HAUPPAUGE, N.Y., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTCID Basic Market:ORBT), an electronics manufacturer and software solutions provider, today announced consolidated bookings in excess of $3,500,000 for the month of August 2026. Expected deliveries under these contracts have already commenced and are expected to be completed in the fourth quarter of 2027.
Mitchell Binder, President and CEO of Orbit International Corp. commented, "We are pleased to report that consolidated bookings for the Company were in excess of $3,500,000 for the month of August 2026. Bookings for our Orbit Electronics Group ("OEG"), inclusive of our Simulator Product Solutions LLC ("SPS") subsidiary were in excess of $2,300,000 for the month. The bookings were highlighted by our previously announced SPS order valued at approximately $1,200,000 received in August. The order was from a large defense contractor to support the SSC FoT program for the U.S. Navy's Naval Air Warfare Center Training Systems Division (NAWCTSD). Furthermore, all deliveries under this contract are scheduled for the fourth quarter of the current year. Year-to-date bookings for SPS have increased by approximately 13% over the comparable period of the prior year, increasing backlog and helping support SPS delivery schedules for the remainder of 2026 and into the first half of 2027."
Binder added, "In addition to the firm booking month from our OEG, our Orbit Power Group ("OPG") generated approximately $1,200,000 in bookings for the month of August. This follows on the heels of our strong bookings month in July 2026 that was in excess of $1,400,000. August bookings were attributable to orders for our power supplies using our VPX technology as well as non-VPX COTS and commercial power supplies. Total bookings for the OPG as of August 31, 2026 were 46.8% higher than the comparable period of the prior year."
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 AC power supplies, frequency converters, inverters, VME/VPX power supplies as well as various COTS power sources.
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 reports posted with the OTC Disclosure and News service. 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.
CONTACT
David Goldman
Chief Financial Officer
631-435-8300
