ORBIT Receives Follow-On Order for Advanced Communication Systems from the Israel Ministry of Defense
Netanya, Israel, October 18, 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 a follow-on order for advanced communication systems from the Israel Ministry of Defense valued at more than US$3.5 million. This follow-on order is part of a long-term agreement between ORBIT and the Ministry of Defense for an extensive infrastructure project administered by the MoD and the IDF, with delivery expected during 2017 and 2018.
“ORBIT has been cooperating with the Ministry of Defense for many years. We are proud to have earned the trust of both the MoD and the IDF thus far within the scope of this significant project,” commented Eitan Livneh, CEO of ORBIT. “This important agreement underscores the quality and technological advantages of our solutions. We intend to continue strengthening our relationship with the Ministry of Defense to further expand our cooperation moving forward.”
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