Orbit International's Electronics and Power Group Report Strong Booking Months

Reading time ( words)

Orbit International Corp., an electronics manufacturer and software solution provider, today announced that consolidated bookings for the month of October 2022 were in excess of $5,000,000. Deliveries for some of these orders have already commenced and are expected to continue through the fourth quarter of 2023.

Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that our consolidated bookings for the month of October were in excess of $5,000,000, representing our strongest booking month of 2022. Our Electronics Group (“OEG”) bookings were approximately $3,100,000 and were highlighted by two orders previously announced by our Q-Vio subsidiary. These orders, totaling in excess of $2,350,000, are for displays used on a major U.S. Army program. Our OEG bookings also include approximately $400,000 in orders received by our Simulator Product Solutions LLC (“SPS”) subsidiary."

Binder added, “Bookings from our Power Group (“OPG”), totaling in excess of $1,900,000, were the highest amount received in 2022 and were highlighted by (i) approximately $775,000 for a COTS power supply used for a major armament system; (ii) approximately $300,000 for production units used for oil and gas exploration; and (iii) approximately $325,000 for a follow-on order for COTS power supplies used on a major missile defense system. In addition, we have been working on a significant follow-on order with a customer utilizing our VPX power supply. However, although we expected to receive this award in 2022, it now appears this contract will not be received until at some point in 2023.”

Binder concluded, “Despite the strong month of bookings for both our operating groups, in addition to the aforementioned VPX opportunity, as previously reported both our OEG and OPG are experiencing continued delays in the awards of contracts on key programs. Several factors are causing delays on these awards, which are coming from the Department of Defense (“DoD”), including work restrictions related to the pandemic, a shifting of prioritization of certain contract awards from the DoD, funding delays due to increased prices and other timing issues. It should be noted that timing uncertainty in the receipt of contracts from our prime contractors doing business with the U.S government is an inherent factor in our industry. As in the past, although timing remains an uncertainty, we expect these contract awards to eventually be received, although some of these awards that were expected during the current year may be delayed until 2023.”


Suggested Items

Optimizing Test Engineering Practices for High-Mix Electronics Manufacturing

08/15/2022 | Mark Laing, Siemens Digital Industries Software
For PCB and assembly manufacturers, test engineering has become a critical factor in enhancing the profitability of new product introductions (NPIs). Given the trend toward high-mix, low-volume production, the journey from design data to an automated PCB testing program must be quicker and more efficient than ever before. In this article, we will discuss how to optimize the efficiency of the test engineering process in accordance with these new market realities.

Implementing Digital Twin Best Practices From Design Through Manufacturing Webinar Review

01/27/2021 | Dana Korf, Korf Consultancy
I-007e recently released a highly informative series of short webinars called Implementing Digital Twin Best Practices from Design Through Manufacturing presented by industry expert Jay Gorajia, the Director of Siemens Global Digital Manufacturing Services. The webinar is an excellent overview how data that is generated using a digital twin model can be effectively utilized to improve business execution using the Siemens tool suite.

Chapter 1 Excerpt: The Printed Circuit Assembler’s Guide to Process Validation

12/31/2020 | Graham Naisbitt, Gen3 Systems
The original principle underlying the IPC’s ionic cleanliness requirement was that the mobility of surface ions, detectable from SIR measurements, would correlate to a maximum value of detectable ionic elements permissible on the circuit surface. The industry required a test that was both fast and accurate for process control. Thus, a simplified ion chromatograph that was able to detect ionic elements without differentiation was created.

Copyright © 2023 I-Connect007 | IPC Publishing Group Inc. All rights reserved.