New book by Larry Connors Click here Improve your trading - See how
Orbit noted that deliveries under this contract are expected to commence in the first quarter of 2010 and continue until the fourth quarter of 2010.
According to a release, this latest award represents the exercise of the fourth option of a contract that was negotiated in December 2006. This order also included an option for an additional award in 2011, which if exercised, could result in additional revenue in excess of $1,000,000. This is the third major COTS power supply award Behlman has received during the last few months. The Company also announced that Behlman's commercial division, which had been adversely affected by weak economic conditions, has recently seen greater demand for its commercial products which has resulted in an increase in orders.
Mark Tublisky, President of Behlman, noted, "Behlman continues to pursue a significant amount of business opportunities driven by our ability to provide customers with low cost, reliable COTS power solutions. Behlman has the unique ability to pursue program opportunities which typically include significant large production quantity requirements, while still remaining committed to a comprehensive line of catalogue power products for our longstanding global customers."
Tublisky, concluded, "We remain confident that Behlman's current business model, which emphasizes flexible COTS designs and superior customer service, will lead to continued growth."
Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp., noted "Behlman has had a very strong year in its COTS division and is well positioned to receive follow-on production orders on many of its programs. The strength in its COTS division has provided program opportunities that have more than offset the weakness in its commercial division. In spite of ongoing economic uncertainty, Behlman's commercial division, for the third quarter recorded its strongest bookings for the year and this increased demand for commercial power units has continued into the current fourth quarter. With a solid foundation of continued COTS program opportunities, now bolstered by increased business from its commercial division, our Behlman Power Group appears to be positioning itself for revenue and profitability growth in 2010."
Orbit International Corp. is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
