Orbit International receives finalized purchase order for USD1m

Orbit International Corp. (OTC: ORBT) Electronics Group has received a finalized purchase order from a major prime contractor for approximately USD1,060,000, for its switch panels, the company said.

The company initially received a letter contract in June 2016 for USD275,000 to commence the procurement of material while negotiations were ongoing for the final purchase order. Deliveries of the completed units are expected to commence in the fourth quarter of 2016 and continue through the second quarter of 2017.

Orbit International Corp. is an electronics manufacturer and software solution provider involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications.