The electronics maker Orbit International Corp. reports that a subsidiary has a new $590,000 order for components of U.S. Navy anti-submarine and anti-ship surveillance and targeting systems.
The subsidiary that got the U.S. Navy components contract is Hauppauge-based Behlman Electronics Inc., which specializes in power units. Deliveries are scheduled to begin in the first few months of 2012.
Orbit said it expects more orders during the next four years from the Navy for the same power units.
Founded in 1957 as Orbit Instrument Corp., the company has a market capitalization of $17 million and a workforce of about 140. It lost $1.08 million in the past 12 months on $29.34 million revenue. The stock, which closed Wednesday at $3.67 and was very lightly traded through midday, is up 7.94 percent in the past 12 months.
It has production facilities in Hauppauge; in Quakertown, Penn.; and in Louisville, Ky.