Orbit International’s Power Group Receives New Orders Valued at Approximately $950,000
Anticipated Follow-On Orders Could Reach $4,000,000 Over The Next Four Years
– By Linton Levy –
Orbit International Corp., a defense electronics manufacturer, systems integrator and software solution provider, today announced that its Power Group, Behlman Electronics, Inc. (“Behlman”) has received two new contract awards totaling approximately $950,000. Deliveries under these contracts are expected to commence in the second quarter of 2009 and continue through the fourth quarter of 2009.
The first award, valued at approximately $425,000, represents a follow-on order for a hot swappable DC power supply for use in a nuclear power plant control system. Behlman has previously received an initial prototype order for these units in November 2007 and began delivering production units in January 2008. Behlman has received additional follow-on production orders throughout 2008 and based on input from its customer, potential future orders could exceed $4,000,000 over the next four years.
The second order, valued at approximately $525,000 is designed to support a new COTS power supply used on the advanced gun control system for the U.S. Navy’s DDG-1000 Zumwalt Class Destroyers. The timing and size of future orders for these power supplies are dependent upon the Navy’s funding for additional ships and our customer’s ability to identify other applications for this gun control system which it is actively pursuing.
Mark Tublisky, President of Behlman Electronics, Inc., stated, “We are encouraged by Behlman’s large installed base of COTS power supplies that are used on programs which have now entered their production phases and should generate continued follow-on business for several years. With every new order, Behlman continues to enhance its reputation as a premier supplier of custom power solutions.”
Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp., commented, “Behlman continues to pursue a significant amount of business opportunities for both new and repeat orders. Its growing customer base, for both commercial and custom power solutions, resulted in record bookings and revenues for 2008. The Power Group entered 2009 with a record backlog and we once again anticipate strong operating results from Behlman in the current year. The strong operating results from our Power Group, together with a stronger operating performance from our Electronics Group, should return us to the historical profitability levels we have reported in prior years.”
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, Quakertown, Pennsylvania and Louisville, Kentucky. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and associated analytical equipment. The Behlman military division designs, manufactures and sells power units and electronic products for measurement and display.