Circuits Assembly Online Magazine - Orbit International Reports $12.7M in Q1 Bookings

HAUPPAUGE, NY – Orbit International announced bookings of $12.7 million for the first quarter, with deliveries already commencing and expected to continue through the first quarter of 2026.

The company said its Electronics group – exclusive of its Simulator Products Solutions subsidiary– saw bookings in excess of $4.5 million, including two previously announced awards totaling approximately $3.1 million from major defense contractors for units used on major military aircraft programs for the US Navy. Simulator Products Solutions' bookings for the quarter included several follow-on and new awards totaling approximately $4.8 million, highlighted by two orders from a defense contractor in excess of $1.7 million. Orbit's Power Group subsidiary's bookings included a significant order for its VPX power supplies as well as a large order for a commercial power supply used on a military program. The combined orders totaled approximately $2.3 million.

“We are pleased to report a very strong start to the 2024 year with consolidated bookings for the first quarter of approximately $12,700,000," said president and CEO Michael Binder. "Bookings were strong for all of our operating groups. Our OEG, exclusive of SPS, recorded bookings in excess of $4,500,000 including two orders totaling $3,150,000 for its units used on major aircraft programs. The $3,150,000 of orders include charges for engineering services provided by our OEG, which should well position us for follow-on opportunities.

"Our OPG also had a strong quarter, highlighted by a large order for power supplies utilizing its VPX technology, which we believe will result in a follow-on order either by year-end or in early 2025. In addition, our OPG received an order for a commercial power supply used in a military application that was in excess of $1,000,000. Our OPG has other opportunities for its VPX power supplies as well as its military COTS power supplies, which it hopes to receive in the coming quarters in 2024.

"In addition to the strong bookings by our legacy businesses, orders received by SPS were approximately $4,800,000 for the first quarter. Our strong quarter comes on the heels of a record booking year in 2023 of approximately $10,800,000. SPS continues to pursue many other opportunities and we are optimistic that 2024 will be another year of strong bookings."