ORBIT Awarded Service and Support Contract from a Leading Asian Defense Integrator for the Second Time This Year
Asian fleet to date in deals totaling approximately US$25 million
Netanya, Israel, October 5, 2016 – ORBIT Communications Systems Ltd. (TASE: ORBI), a leading provider of precision tracking-based communications solutions and airborne communications management systems, announced today that it has received an additional service and support contract from a leading Asian defense integrator for the second time this year. The contract includes professional services and support for the ORBIT maritime satcom systems used by the Asian fleet and is valued at approximately US$3.5 million over the course of three years.
Since 2010, ORBIT has delivered more than 150 maritime satcom systems, including both 1.15m and 2.2m antennas, to the Asian fleet in deals totaling approximately US$25 million. ORBIT’s satcom systems have consistently demonstrated high performance and continue to set the standard in the maritime satcom arena. These systems, deployed at commercial and defense agencies, have proved to be reliable and highly functional under extreme environmental conditions.
“A good portion of our business comes from repeat purchases from existing customers and long-term service contracts. This enables us to promote growth while strengthening our competitive business position,” explained Eitan Livneh, CEO of ORBIT. “This repeat order from a major Asian integrator bears testimony to our belief that the large fleets of the world are demanding superior performance, reliability and product life cycles. Our products answer these requirements.”
ORBIT Communications Systems Ltd. is wholly-focused on precision tracking-based communications – in the areas of satcom, telemetry and remote sensing – and provides an innovative solution for airborne audio management. With certification by defense, government and commercial agencies, we deliver tailor-made, turnkey solutions on land, at sea and in the air. ORBIT’s unique combination of smart design, high reliability and field-tested experience means that if you can conceive it, we can provide it.
Gelbart-Kahana Investor Relations
Zuri Dar, email@example.com