Business
Orbit International Reports Consolidated Bookings of Approximately $2,400,000 for Month of August
Orbit International Reports Consolidated Bookings of Approximately $2,400,000 for Month of August.
About this update from Orbit International Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Orbit International Reports Consolidated Bookings of Approximately $2,400,000 for Month of August\r\n \r\n \r\n\r\n\r\nOrbit International Reports Consolidated Bookings of Approximately $2,400,000 for Month of August\r\nStrong Bookings Due Primarily to Large Orders Received During Month by Power Group\r\n\r\n\r\n\r\n\r\n\r\nHAUPPAUGE, N.Y., Sept. 05, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (the “Company”) (OTCID Basic Market:ORBT), an electronics manufacturer and software solution provider, today announced that for the month of August 2025, consolidated bookings were approximately $2,400,000. The strong booking month was primarily due to bookings recorded by its Orbit Power Group (“OPG”) in excess of $1,700,000, which included a previously announced approximately $1,000,000 follow-on order for a commercial power supply used in a military application. Deliveries for orders received during the month have already commenced and are expected to continue through the fourth quarter of 2026. Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report strong bookings of approximately $2,400,000 for the month of August 2025. The strong booking month was mostly attributable to our OPG, with bookings in excess of $1,700,000 including the previously announced approximately $1,000,000 follow-on order for a commercial power supply that is used in a military application as well as an approximately $450,000 order for a commercial power supply also used in a military application.”   Binder added, “In addition to the strong bookings from our OPG, our Simulator Products Solutions LLC (“SPS”) subsidiary also had a firm booking month and continues to bid on several opportunities that we hope will materialize into orders in the coming months. We are also bidding on several new and follow-on opportunities for our VPX power supplies. Furthermore, our Orbit Instrument division is expecting a significant award during the current quarter 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., ...