ORBIT Receives First Order Towards a New Strategic Agreement with a Leading European Defense Contractor
to NATO in a deal estimated at US$1.5 million
Netanya, Israel, February 14, 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 order for its OceanTRx maritime satellite communications systems towards a new strategic agreement with a leading European defense contractor. The systems will be installed on a fleet of NATO ships to enable broadband communication at sea. This is the first order from a new major contract with the integrator, and the company estimates that it will order additional satellite communications systems of C, Ku, Ka frequencies over the coming years.
OceanTRx 7 (2.2m) and OceanTRx 4 (1.15m) are ORBIT’s flagship maritime satellite communications systems supporting the C, X, Ku and Ka frequencies in various configurations. The modularity of these systems allows for easy maintenance and upgrades on the ship itself, as well as unparalleled RF performance under all weather and sea conditions. The OceanTRx family of products has become the global standard of maritime satellite communications solutions for commercial and defense customers in operational applications.
“This is the first order towards a new contract with a major global integrator,” commented Erez Shabirow, CEO of ORBIT. “We believe that we are in an excellent position to receive orders for similar systems in C, Ku and Ka frequency bands in the future.”
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.
OceanTRx is a trademark of ORBIT Communications Systems Ltd.
Gelbart-Kahana Investor Relations
Zuri Dar, email@example.com