-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Orbit International Reports Consolidated Bookings for Q1 2024
April 5, 2024 | Globe NewswireEstimated reading time: 2 minutes
Orbit International Corp., an electronics manufacturer and software solution provider, announced that consolidated bookings for the first quarter of 2024 were approximately $12,700,000. Deliveries for these orders have already commenced and are expected to continue through the first quarter of 2026.
Bookings for the quarter were attributable to strong bookings from both the Company’s Electronics Group (“OEG”), which include its Simulator Products Solutions LLC (“SPS”) subsidiary, and its Power Group (“OPG”). Bookings for the OEG, exclusive of SPS, were in excess of $4,500,000 for the first quarter and were highlighted by two previously announced awards totaling approximately $3,150,000 from major defense contractors for units used on major military aircraft programs for the U.S. Navy. Bookings for the OPG include 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 $2,300,000. Orders for SPS for the first quarter include several follow-on and new awards totaling approximately $4,800,000, highlighted by two orders received during the quarter from a defense contractor in excess of $1,700,000.
Mitchell Binder, President and CEO of Orbit International commented, “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. 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.”
Binder added, “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.”
Binder added, “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.”
Suggested Items
Sanmina's Second Quarter Fiscal 2024 Financial Results
05/02/2024 | Sanmina Corp.Sanmina Corporation, a leading integrated manufacturing solutions company, today reported financial results for the fiscal second quarter ended March 30, 2024 and outlook for its fiscal third quarter ending June 29, 2024.
TTM Technologies Reports First Quarter 2024 Results
05/02/2024 | TTM TechnologiesTTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards , reported results for the first quarter 2024, which ended on April 1, 2024.
Worldwide Silicon Wafer Shipments Dip 5% in Q1 2024
05/01/2024 | SEMIWorldwide silicon wafer shipments decreased 5.4% quarter-over-quarter to 2,834 million square inches in the first quarter of 2024, a 13.2% drop from the 3,265 million square inches recorded during the same quarter last year, the SEMI Silicon Manufacturers Group (SMG) reported in its quarterly analysis of the silicon wafer industry.
Plexus Announces Fiscal Q2 Financial Results
04/30/2024 | Plexus Corp.Plexus Corp. announced financial results for our fiscal second quarter ended March 30, 2024, and guidance for our fiscal third quarter ending June 29, 2024.
NCAB Group Posts Interim Report Q1 2024
04/26/2024 | NCAB GroupNet sales decreased by 17% to SEK 950.6 million (1,146.4). Compared with the year-earlier period, sales were affected bylower prices and continued inventory adjustments by customers. In USD, net sales decreased 17%. For comparable units, net sales decreased 24% in both SEK and USD.