GlobeNewsWire
14 Aug 2026, 12:45 UTC · 1h ago
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4 claims · each scored for market impact
Orbit International's SPS subsidiary received a $1.2 million award from a large defense contractor for the U.S. Navy's NAWCTSD. — Direct revenue increase from a high-reliability government defense contract provides immediate positive sentiment.
+0.40SPS bookings for the current third quarter have exceeded $2,000,000. — Indicates strengthening short-term demand and momentum for the company's simulator product line.
+0.30Orbit International reported a second quarter 2026 net loss of $1,720,000, widening from a loss of $1,290,000 in the prior year period. — Widening net losses offset the positive news of recent orders, highlighting fundamental profitability struggles.
-0.30Continue reading
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Proposals for SPS customers have increased by approximately 16.6% year-over-year. — Suggests a growing pipeline and potential for increased revenue in late 2026 and early 2027.
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The company received a $1.2 million award and reported increased bookings, although it is also reporting net losses.
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