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Orbit Internatio - ORBT STOCK NEWS

Welcome to our dedicated page for Orbit Internatio news (Ticker: ORBT), a resource for investors and traders seeking the latest updates and insights on Orbit Internatio stock.

Overview

Orbit International Corp. (ORBT) specializes in the design, manufacture, and sale of advanced electronic components and custom power units, serving prime contractors, government procurement agencies, and research and development laboratories worldwide. With deep expertise in electronic components, custom electronics, and power systems, the company stands out by offering tailored solutions that combine precision engineering with flexible power solutions.

Business Segments

The company operates through two primary segments:

  • Electronics Group: This segment is responsible for the design, manufacture, and sale of customized electronic components and subsystems, including remote control units, intercommunication panels, displays, keyboards, keypads, and operator control trays. These products are developed to meet stringent performance and reliability standards, serving a wide array of applications in commercial, government, and research sectors.
  • Power Group: Focused on commercial power solutions, this segment designs and manufactures a variety of power units such as AC power supplies, frequency converters, uninterruptible power supplies, and commercial off-the-shelf power solutions. The group also develops electronic products for measurement and display, ensuring that power systems operate safely and efficiently in diverse environments.

Market Position and Operations

Orbit International has established a significant presence in the industrial electronics and power systems market. The company leverages its extensive expertise in engineering and manufacturing to serve critical segments such as government, defense, and industrial research. By prioritizing customization and precision, it effectively addresses the demanding needs of its clientele. Commitment to quality and continuous improvement has allowed the firm to secure contracts with key players, placing it in a competitive stance against other specialized manufacturers. Its product portfolio's versatility and reliability have made it a trusted partner for projects that require both advanced electronic control and robust power management solutions.

Engineering Excellence and Product Quality

At the heart of Orbit International’s operations is a strong emphasis on engineering excellence. The company invests in research and development to innovate its product designs and manufacturing processes. This commitment to quality is evident in its ability to produce both standard and customized solutions that meet rigorous industry standards. The integration of advanced technologies in its design and production processes underscores the company’s focus on maintaining high-performance levels and ensuring that its systems can operate in a variety of complex and mission-critical settings.

Competitive Landscape

In an industry where precision and reliability are paramount, Orbit International differentiates itself with a deep understanding of customer needs and an ability to deliver both electronic control and power solutions under one roof. This unique positioning enables the company to cater to niche markets while competing with larger, more diversified manufacturers. Its dual-segment business model provides resilience and flexibility, allowing it to adapt to changing market conditions and customer requirements with a focus on both innovation and practicality.

Expertise and Industry Commitment

The company’s long-standing history in the electronics and power manufacturing fields is supported by a strong foundation of technical expertise and operational efficiency. By consistently integrating industry-specific insights into its product design and development, Orbit International reassures clients and stakeholders of its ability to deliver dependable products that adhere to the highest quality standards. This operational diligence and commitment to technical mastery reinforce the company’s reputation as an authoritative and trustworthy business partner in the global marketplace.

Conclusion

Orbit International Corp. represents a robust example of a company with a balanced portfolio across advanced electronic components and sophisticated power systems. Its detailed product offerings and strategic market orientation make it a noteworthy entity within the manufacturing and defense contracting sectors. The company continues to solidify its position through innovation, reliability, and an unwavering dedication to meeting the technical needs of its diverse customer base.

Rhea-AI Summary
Orbit International Corp. (ORBT) reports consolidated bookings of $12.7 million for Q1 2024, with strong performances from both Electronics Group and Power Group. The company received significant orders from major defense contractors and other clients, signaling a promising start to the year.
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Orbit International Corp. (ORBT) declares a quarterly cash dividend of $0.01 per share. The dividend is payable to shareholders of record on March 29, 2024, with a payment date of April 5, 2024. The company operates in the electronics and power products manufacturing sector.
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Orbit International Corp. announces new contract awards totaling approximately $2,600,000 for its Electronics Group and Power Group. The company's Chief Operating Officer will transition to an advisory role. The bookings for February 2024 exceeded $2,000,000, with additional orders for military programs.
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Orbit International Corp. (ORBT) reports a decrease in net income and EBITDA for the year ended December 31, 2022, compared to the prior year. The company attributes this decline to one-time costs related to acquisitions and lower revenue from legacy businesses. However, sales increased due to sales from Simulator Product Solutions LLC (SPS). Gross margin decreased primarily due to lower margins at SPS. Operating expenses rose due to SPS costs and wage inflation. Backlog increased, and the company's financial condition remained strong.
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Orbit International Corp. reports significant contract awards in excess of $1,500,000 for January 2024 and over $1,600,000 in February 2024 from a large defense contractor for a U.S. Navy aircraft program. The company's President and CEO, Mitchell Binder, expressed satisfaction with the bookings and orders received, positioning the company for a strong first quarter of 2024.
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Orbit International Corp. (OTC Expert Market: ORBT) reports consolidated bookings for November 2023 in excess of $3,100,000, with year-to-date bookings for its SPS subsidiary reaching a record of over $10,600,000, marking a 96% increase compared to 2022. The company's Electronics Group and Power Group also contributed significantly to the bookings, with a positive outlook for future business opportunities and continued growth.
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Orbit International Corp. (ORBT) has declared a quarterly cash dividend of $0.01 per share, payable to shareholders of record as of December 31, 2023. The company is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial, and commercial applications. Orbit’s Power Group designs and manufactures a wide array of power products.
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Orbit International Corp. reported record consolidated bookings for October 2023, totaling $3,650,000, with a year-to-date total of $10,250,000. The bookings were driven by strong performance from all operating units, particularly the SPS subsidiary, which experienced a 90% increase in bookings compared to 2022.
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Orbit International Corp. declares quarterly cash dividend of $0.01 per share.
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Orbit International Corp. reports consolidated bookings of $4,000,000 for August 2023, with year-to-date bookings reaching approximately $8,500,000, a 57% increase compared to 2022. SPS subsidiary contributes $1,550,000 in bookings for August and has additional business opportunities. OEG working on follow-on orders and large engineering effort. Positive growth potential for Orbit International Corp.
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FAQ

What is the current stock price of Orbit Internatio (ORBT)?

The current stock price of Orbit Internatio (ORBT) is $3.26 as of April 15, 2025.

What is the market cap of Orbit Internatio (ORBT)?

The market cap of Orbit Internatio (ORBT) is approximately 12.7M.

What are the primary business segments of Orbit International?

Orbit International operates through two segments: the Electronics Group, which designs and manufactures custom electronic components, and the Power Group, which develops commercial power systems and related products.

Which industries does Orbit International serve?

The company supplies its solutions to a range of sectors including government procurement, defense contracting, commercial enterprises, and research and design laboratories.

What types of products does the Electronics Group offer?

The Electronics Group focuses on specialized products such as remote control units, intercommunication panels, displays, keyboards, keypads, operator control trays, and command display units.

How does the Power Group differentiate its products?

The Power Group designs and manufactures a broad array of power solutions like AC power supplies, frequency converters, uninterruptible power supplies, and commercial power units crafted for various applications.

How does Orbit International maintain quality in its products?

The company emphasizes engineering excellence and invests in research and development to ensure that every product meets stringent performance and reliability standards required by its diverse clientele.

What is the significance of Orbit International in its competitive landscape?

Orbit International stands out by offering integrated solutions in both electronic components and power systems. This dual expertise helps it address complex market demands and meet the technical specifications of high-stakes projects.

How does Orbit International serve government and defense sectors?

By tailoring its products to comply with rigorous industry and regulatory standards, Orbit International provides reliable and high-quality electronic and power solutions that meet the unique challenges faced by government and defense agencies.

What can investors learn about Orbit International's business model?

Investors can observe that Orbit International has developed a well-diversified business model with robust engineering and manufacturing capabilities, enabling it to secure contracts and deliver critical solutions across multiple market segments.
Orbit Internatio

OTC:ORBT

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12.73M
3.35M
0.74%
Electrical Equipment & Parts
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United States
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