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Orbit International’s Simulator Product Solutions LLC Subsidiary Reports April Bookings in Excess of $1,125,000
Globenewswire· 2025-05-06 12:45
Core Viewpoint - Orbit International Corp. announced that its subsidiary Simulator Product Solutions LLC received orders exceeding $1,125,000 in April 2025, with deliveries commencing and continuing through Q3 2025 [1][2]. Group 1: Financial Performance - SPS bookings for April 2025 were reported at over $1,125,000, following $4,700,000 in bookings for the Orbit Electronics Group in Q1 2025 [2]. - The company is optimistic about continued momentum in bookings for Q2 2025 and anticipates additional business opportunities in the second half of 2025 [2]. Group 2: Business Operations - Orbit International's Electronics Group develops and manufactures custom electronic devices and subsystems for military, industrial, and commercial applications from its facilities in Hauppauge, NY, and Carson, CA [2]. - The Power Group, also based in Hauppauge, designs and manufactures a variety of power products, including AC power supplies and VPX power supplies, which have seen record bookings in 2024 [2]. Group 3: Market Position and Strategy - The company is confident in the progress of its Orbit Power Group and expects to receive follow-on business for VPX power supplies while delivering new designs to expand market reach [2]. - Orbit is monitoring recent tariff announcements to evaluate their impact on product costs, particularly for VPX power supplies [2].