Orbit International’s Simulator Product Solutions LLC Subsidiary Receives Approximately $1,200,000 Award

Rhea-AI Summary

Orbit International (OTCID: ORBT) reported that its Simulator Product Solutions subsidiary (SPS) received an award of approximately $1,200,000 from a large defense contractor during August 2026. The order supports the SSC FoT effort for the U.S. Navy’s NAWCTSD, with all deliveries expected to commence and be completed in the fourth quarter of 2026.

According to Orbit International, third-quarter-to-date bookings for SPS are in excess of $2,000,000, and customer proposals for SPS have increased by about 16.6% year-over-year, which the company believes may support delivery schedules through the remainder of 2026 and into the first half of 2027.

Positive

• $1,200,000 SPS award from a large defense contractor in August 2026
• SPS bookings in excess of $2,000,000 so far in the third quarter
• SPS customer proposals up approximately 16.6% year-over-year

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

FAQ

What recent contract did Orbit International (ORBT) announce for its SPS subsidiary in August 2026?

Orbit International announced that SPS received an award of approximately $1,200,000 from a large defense contractor in August 2026. According to Orbit International, the order supports the SSC FoT effort for the U.S. Navy’s NAWCTSD, with all deliveries scheduled for fourth quarter 2026.

When will deliveries under the new $1,200,000 SPS order at Orbit International (ORBT) take place?

Deliveries under the approximately $1,200,000 SPS order are expected to commence and be completed in the fourth quarter of 2026. According to Orbit International, the entire shipping schedule for this contract is concentrated in that fourth-quarter 2026 timeframe.

How much are third-quarter 2026 bookings for Orbit International’s SPS subsidiary (ORBT)?

Third-quarter-to-date bookings for SPS are reported to be in excess of $2,000,000. According to Orbit International, this level of bookings reflects improved order activity for SPS during the current third quarter of 2026 compared with earlier periods.

By how much have SPS customer proposals increased year-over-year at Orbit International (ORBT)?

SPS customer proposals have increased by approximately 16.6% year-over-year. According to Orbit International, this higher proposal volume may help support SPS delivery schedules for the remainder of 2026 and into the first half of 2027, though outcomes remain subject to contract awards.

Which U.S. Navy program is supported by the new SPS award at Orbit International (ORBT)?

The new SPS award supports the SSC FoT effort for the U.S. Navy’s Naval Air Warfare Center Training Systems Division (NAWCTSD). According to Orbit International, the contract comes from a large defense contractor acting in support of this Navy training systems initiative.

What business segments does Orbit International (ORBT) operate alongside its SPS subsidiary?

Orbit International operates through its Electronics Group and Power Group. According to Orbit International, these units develop and manufacture custom electronic devices, subsystems, and power products for military, industrial, and commercial applications from facilities in Hauppauge, New York and Carson, California.