Orbit Strengthens Global Defense Position with $36.7 Million in Three Strategic Orders

January 15, 2024 - Orbit Communication Systems Ltd., a leading global provider of maritime and airborne SATCOM terminals, tracking ground station solutions, and mission-critical airborne audio management systems, has recently secured significant contracts totaling $36.7 million, solidifying its position in the defense market.

The company finalized an agreement with the Israeli Ministry of Defense for supplying advanced communication systems valued at approximately $16.6 million. Additionally, a $16.5 million frame contract was secured with the US Air Force for the upgrade, service, and maintenance of Orbit’s Airborne Digital Audio System (ADAS) communications management systems in KC-135 aircraft. This contract spans an additional 60 months, emphasizing Orbit's commitment to ensuring high-level maintenance and performance of advanced communication systems.

In addition , Orbit received a $3.6 million order from a leading European integrator for satellite communication systems for naval military platforms. The OceanTRx4 systems included in the order will provide continuous broadband satellite connectivity to a prominent European fleet starting in 2026.

Daniel Eshchar, CEO of Orbit, commented: "Securing these three contracts reaffirms the acknowledgment of our technology's reliability and superior performance. The increasing demand for advanced communication solutions across diverse applications emphasizes the significance of our work, inspiring us to intensify our efforts in the coming year."

About Orbit communication Systems:

Orbit Communication Systems Ltd., a global leader in the field of airborne communications, satellite tracking, maritime services, ground-station technology, and cutting-edge solutions for the new space era, is revolutionizing the way we connect with the world. Our state-of-the-art systems are found on an extensive range of platforms, from mission aircraft and trainers to rotary-wing aircraft, transport vessels, tankers, and jet fighters. We also extend our reach to cruise ships, naval vessels, ground stations, and offshore platforms.

We deliver innovative, cost-effective, and highly reliable solutions to commercial operators, major air forces & navies, space agencies and emerging New Space companies.

Orbit is a publicly traded company on the Tel Aviv Stock Exchange under the control of the FIMI Investment Fund. The company's operations, including production, marketing, sales, and customer service, span the globe, encompassing the US, Europe, and the Far East.

For more information on Orbit, please visit https://orbit-cs.com/ or  https://www.linkedin.com/company/orbit-communication-systems-ltd/

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