HAUPPAUGE, NY – Orbit International reported consolidated first quarter orders exceeded $6.9 million.

Orbit previously announced an order of approximately $2.3 million for keyboards used on a major military aviation program. Other orders received during the quarter for the OEG consisted primarily of displays and control panels. In addition, OPG reported March orders in excess of $1.2 million, which consisted of a more than $400,000 order for VPX power supplies and a more than $300,000 follow-on order for a power supply used on a major military program.

Deliveries for certain contracts have already commenced. Deliveries for all these contracts are expected to occur through the first quarter of 2022.

“This solid consolidated booking quarter in excess of $6.9 million comes on the heels of similarly solid bookings in our fourth quarter of 2019 that exceeded $7.1 million,” said Mitchell Binder, president and CEO of Orbit. “This should well position our delivery schedules in 2020, particularly in the second half of the year. In addition, near the end of the first quarter, our newly acquired Q-Vio subsidiary delivered on a relatively significant order to a major prime contractor, which we anticipate will result in a series of follow-on orders beginning with an expected order at the end of the current  quarter.

“Our company, along with other companies and communities, continue to be faced with challenges from the Covid-19 pandemic. However, our company is part of the US Defense Industrial Base, which consists of defense and national security-related operations supporting the US government and its prime contractors. As such, our company has a responsibility to make every effort to remain open, as well as protect the health of our employees. Consequently, while being fully operational, we have made every effort to maximize social distancing, reduce employee density, allowed certain employees to work from home and created a split shift for our manufacturing workforce to best protect our employees.

“Aside from our defense-related work that makes up the majority of our business, we anticipate weakness in the commercial business of our OPG, which, although providing power supplies for military, transportation and utility applications, also provides power supplies for oil and gas exploration and test and measurement applications. This part of our business may remain weak until the economy begins to recover. Nevertheless, assuming no unforeseen events from a situation that is rapidly evolving, in particular a disruption of our supply chain, we expect to meet our deliveries to support our customers. Most important, our strong financial condition should allow us to continue to meet our responsibilities as a member of the DIB.”  

The company cannot reasonably estimate the length or severity of this pandemic as the situation is rapidly evolving. Therefore, it cannot be certain its business, supply chain, financial position, results of operations, and cash flows will not eventually be materially impacted.

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