All Deliveries Are Expected to be Completed by Year End
Third Quarter to Date Bookings for SPS In Excess of $2,000,000
HAUPPAUGE, N.Y., Aug. 14, 2026 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTCID Basic Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Simulator Product Solutions LLC subsidiary (“SPS”) has received an award from a large defense contractor for approximately $1,200,000 during the current month. All deliveries for this order are expected to commence and be completed in the fourth quarter of the current year.
Mitchell Binder, President and CEO of Orbit International Corp. commented, “We are pleased to report this significant order for approximately $1,200,000 received by SPS in the current month. The order is from a large defense contractor and is to support the SSC FoT effort for the U.S. Navy’s Naval Air Warfare Center Training Systems Division (NAWCTSD). Of equal significance is that the shipping schedule for this order calls for all deliveries to commence and be completed in the fourth quarter of 2026. Bookings for SPS have improved with current orders in excess of $2,000,000 thus far in the current third quarter. Additionally, proposals for our SPS customers have increased by approximately 16.6% year-over-year which, hopefully will well position delivery schedules for SPS for the remainder of 2026 and into the first half of 2027.”
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 Office
631-435-8300
