BNET Industries
Market Cap:$16.8M
Last Fiscal Year Sales:$25.8M
- Public
- US
Dow Jones Description
Orbit International, Corp. (NASDAQ: ORBT), is the parent company of both the Orbit Electronics Group and the Orbit Power Group. Orbit companies have been relied upon to design and manufacture subsystems and major components for prime contractors, government procurement agencies (both foreign and domestic), and R&D laboratories worldwide since 1957. The Orbit name is synonymous with ultra-rugged Human-Machine Interface (HMI) devices and software solutions. By delivering leading-edge mission-critical hardware with extreme environmental and operational survivability, components in the Orbit Electronics Group have become trusted suppliers of choice for military, government and industrial programs that impose stringent standards for quality and high reliability, where downtime is not an option. Advanced technologies, proven design expertise and our diligent analysis of the relationships between human and machine interface requirements, enable the Orbit Electronics Group to deliver products that help increase user productivity, reliability and overall performance in your mission critical applications. All divisions within the Orbit Electronics Group are proven to have the vision necessary to develop, implement and sustain rugged HMI products that raise the standards for performance, reliability and economy. ...
Chief Executive Officer, Dennis Sunshine and Chief Financial Officer
Mitchell BinderNumber of Employees 144
Peer Companies
NAICS Code Other Communications Equipment Manufacturing: 334290
Recent Events
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Orbit International Posts 3Q Results
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Orbit International Secures Navy Deal
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Orbit International Posts 2009 Second Quarter Results
News & Analysis
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business wire and orbit international corp. - All News and Analysis
Orbit International Corp. Announces Approximately $1.7M in New Orders
HAUPPAUGE, N.Y.--BUSINESS WIRE--Oct. 5, 1999-- Orbit International Corp. (NASDAQ:ORBTD) today announced that it has received approximately $1,700,000 in new contracts from prime contractors and government agencies. Deliveries under these new contracts will commence in the fourth quarter of 1999 and continue through the first quarter of 2001. Dennis...
Orbit International Corp. Announces One-For-Three Reverse Stock Split
HAUPPAUGE, N.Y.--BUSINESS WIRE--Sept. 1, 1999-- Orbit International Corp. (NASDAQ: ORBT) today announced that its Board of Directors has unanimously approved and determined to submit to the stockholders of the Company an amendment to the Company's Certificate of Incorporation to effect a one-for-three reverse stock split of the Company's outstanding...
Orbit International Corp. Announces New Contract Award From Marconi Aerospace Systems, Inc
HAUPPAUGE, N.Y.--BUSINESS WIRE--June 24, 1999-- Orbit International Corp. (NASDAQ:ORBT) today announced that its Orbit Instrument Division has been awarded a new contract valued at approximately $1,000,000 from the Advanced Systems Division of Marconi Aerospace Systems, Inc. Under this contract, the Company will provide a Data Entry Device/Terminal to be...
Orbit International Corp. Announces Stock Repurchase Program
HAUPPAUGE, N.Y.--BUSINESS WIRE--Sept. 1, 1998--Orbit International Corp. (NASDAQ: ORBT) today announced that it plans to purchase up to 250,000 shares of its common stock amounting to approximately 4% of its outstanding shares, in the open market or in privately negotiated transactions. The price to be paid, timing of purchases and...
Orbit International Corp. Announces Stock Repurchase Program
HAUPPAUGE, N.Y.--BUSINESS WIRE--Sept. 1, 1998--Orbit International Corp. (NASDAQ: ORBT) today announced that it plans to purchase up to 250,000 shares of its common stock amounting to approximately 4% of its outstanding shares, in the open market or in privately negotiated transactions. The price to be paid, timing of purchases and...
Orbit International Corp. Engages Investor Access Corporation as Investor Relations Counsel
HAUPPAUGE, N.Y.--BUSINESS WIRE--June 11, 1998--Orbit International Corp. (NASDAQ:ORBT) today announced that it has engaged Investor Access Corporation to manage its investor relations program. Investor Access Corporation, established in 1978 to help clients build shareholder value, has a long history of successful client relationships including Reebok and Bausch...
Orbit International Reports Year End Results
HAUPPAUGE, N.Y.--BUSINESS WIRE--March 31, 1995--Orbit International Corp. (NASDAQ:ORBT) today announced results for the year and three months ended December 31, 1994. Net sales amounted to $57,830,000 for the year ended December 31, 1994 compared to $53,860,000 in the prior twelve month period. The net loss for the year...
Orbit International Corp. makes announcement
HAUPPAUGE, N.Y.--BUSINESS WIRE--Jan. 30, 1995--Orbit International Corp. (NASDAQ: ORBT) today announced that Max Reissman, its chairman and president, remains in critical condition following coronary by-pass surgery performed on an emergency basis in Hawaii earlier this month.A spokesperson for the company stated the company's three senior executive officers, Bruce Reissman, Vice...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Mitchell Binder | Chief Executive Officer, Dennis Sunshine and Chief Financial Officer |
| David Gutman | President |
| Bruce Reissman | COO & Executive Vice President |
| David Goldman | Controller |
| Linda Latman | Investor Relations Counsel |
| Mark Tublisky | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Arthur Rhein | Board of Directors |
| Bernard Karcinell | Board of Directors |
| Denis Feldman | Board of Directors |
| Frederic J Gruder | Board of Directors |
| Fredric J. Gruder | Board of Directors |
| Lee Feinberg | Board of Directors |
| Robert J Mitzman | Board of Directors |
| Sohail Malad | Board of Directors |
Mitchell Binder has been Executive Vice President of the Company since 2006, Vice President-Finance from 1986 to 2006 and its Chief Financial Officer since 1983. He has been a director of the Company since 1985. Mr. Binder has held various positions with the Company since 1983, including Treasurer and Assistant Secretary from 1983 to March 1995.
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Chief Executive Officer, Dennis Sunshine and Chief Financial Officer | Current |
| Orbit International Corp. | Chief Financial Officer | Current |
| Orbit International Corp. | Board of Directors | Current |
David Gutman has been President and Chief Operating Officer of Tulip Development Laboratory, Inc. ("Tulip") and TDL Manufacturing, Inc. since August 2008. Prior thereto, he was Vice President, Operations and Business Development for Aydin Displays from 2000 to 2007.
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | President | Current |
Bruce Reissman has been Executive Vice President and Chief Operating Officer of the Company since March 1995 and a director of the Company since 1992. Mr. Reissman has held various positions with the Company since 1975, including Vice President-Marketing from April 1988 to March 1995 and Director of Sales and Marketing from 1976 to April 1988.
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | COO & Executive Vice President | Current |
| Orbit International Corp. | Board of Directors | Current |
David Goldman has been Treasurer of the Company since June 2004 and Controller since April 2003. Prior thereto, he was Assistant Controller of Frequency Electronics, Inc., a commercial and defense electronics supplier, from April 1999 until April 2003 and Accounting Supervisor from May 1995 to April 1999.
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Investor Relations Counsel | Current |
Mark Tublisky has been Secretary of the Company since March 2003 and has been President of Behlman Electronics, Inc. since its acquisition by the Company from Astrosystems, Inc. in 1996. Mr. Tublisky held various positions at Astrosystems, Inc. from 1969 to 1996, including General Manager of its Automatic Test Division and then as General Manager of the Behlman Division.
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Secretary | Current |
| Orbit International Corp. | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Agilysys, Inc. | CEO | Current |
| Agilysys, Inc. | President | Current |
| Agilysys, Inc. | Chairman | Current |
| Orbit International Corp. | Board of Directors | Current |
| Agilysys, Inc. | Board of Directors | Current |
| Agilysys, Inc. | COO | Former |
| Agilysys, Inc. | Vice President, Northeast Region | Former |
Bernard Karcinell has been a director of the Company since 2000. Mr. Karcinell is a certified public accountant licensed in Florida since 1989. He also performs financial advisory services to several individuals and corporations. Prior thereto, he was a Partner at KPMG LLP and former President and CEO of Designcraft Jewel Industries and CCR Video Corp.
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Board of Directors | Current |
Fredric Gruder has been a director of the Company since March 2008. Mr. Gruder, an attorney at law, has been a sole practitioner since December 2001. He specializes in mergers and acquisitions and corporate/securities law. He is a graduate of Yale Law School and from July 1998 through July 2006, served on the Board of Directors of Harvey Electronics, Inc., a specialty retailer and custom installer of high quality audio/video consumer electronics and home theater products.
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Board of Directors | Current |
| Harvey Electronics, Inc. | Board of Directors | Current |
| Yale Law School | Graduate | Former |
Lee Feinberg has been a director of the Company since February 2004. Mr. Feinberg is recently retired (November 2008) as a Managing Director of UBS Financial Services Inc. and had functional responsibility as the Head of Corporate Employee Financial Services. Mr. Feinberg had been with UBS Financial Services, formerly PaineWebber, since 1987.
| Organization | Position | Status |
|---|---|---|
| UBS Financial Services | Managing Director | Former |
| Organization | Position | Status |
|---|---|---|
| Esquire Bank | Board of Directors | Current |
| Parlux Fragrances, Inc. | Board of Directors | Current |
| Orbit International Corp. | Board of Directors | Current |
| Young Presidents' Organization | Board of Directors | Former |
| Young Presidents' Organization | Member | Former |
Sohail Malad has been a director of the Company since July 2007. He currently serves as a partner for Karla Enterprises, LLC an investment and development firm. From 2006 through 2008, Mr. Malad was founder and partner of Monarch Activist Partners LP (“Monarch”) based in San Diego, CA, which owned in excess of 5% of the outstanding shares of the Company. From 2004 through 2006, Mr. Malad was a consultant with the Los Angeles office of the Boston Consulting Group.
| Organization | Position | Status |
|---|---|---|
| Orbit International Corp. | Board of Directors | Current |
| San Diego Ca | Partner | Former |
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