GlobeNewswire - Industry News on Defense

Orbit International’s Electronics Group Reports February Bookings in Excess of $1,250,000

Thu, 04 Mar 2021 13:45 GMT

HAUPPAUGE, N.Y., March 04, 2021 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”), reported bookings for the month of February 2021 in excess of $1,250,000. Deliveries for certain of these orders have already commenced and are expected to continue through the second quarter of 2023.

Ricky Sitomer, CEO of Star Jets International, Inc. (JETR) Announces Record 2020 Revenue of $9,581,799, a Year-Over-Year Increase in Revenue of 80%?

Mon, 01 Mar 2021 13:30 GMT

NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Ricky Sitomer, CEO Star Jets International, Inc.?(OTCPink: JETR), a leading?Private Jet Charter Company, announces an all-time revenue record of $9,581,799 million for the year ended December 31, 2020, a year-over-year increase of 80%.? JETR recorded $2.2 million in the fourth quarter of 2020, an increase of 100% year-over-year.? As predicted, the Company’s tremendous growth continues as the demand for private air travel increases, and not showing any signs of slowing down.??

Mission Ready Commences Trading on the OTCQB? Venture Market

Mon, 01 Mar 2021 12:00 GMT

VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) (OTCQB: MSNVF) is pleased to announce that, effective today, March 1, 2021, the Company’s common shares (“Shares”) have been approved to commence trading on the OTCQB? Venture Market (“OTCQB”) under the symbol “MSNVF”. The Company’s Shares will continue to trade on the TSX Venture Exchange under the symbol “MRS”.

Mission Ready Provides Corporate Update: OTCQB Listing, SOE Appeal, Word from the CEO

Tue, 02 Feb 2021 12:00 GMT

VANCOUVER, British Columbia, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) is pleased to provide an update on its current initiatives, recent developments and ongoing operations.

Orbit International Corp. Announces Forgiveness of Its PPP Loan

Fri, 29 Jan 2021 23:30 GMT

HAUPPAUGE, N.Y., Jan. 29, 2021 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its application for forgiveness of its $1,606,000 loan from People’s United Bank under the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief and Economic Security Act (“the CARES Act”), has been approved by the Small Business Administration.

Orbit International’s Electronics Group Reports Fourth Quarter Bookings in Excess of $3,000,000

Tue, 12 Jan 2021 13:45 GMT

HAUPPAUGE, N.Y., Jan. 12, 2021 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”), reported fourth quarter 2020 bookings in excess of $3,000,000. Deliveries for certain of these orders have already commenced and are expected to continue through the second quarter of 2022.

Sikh Group Sues the MacDonald-Laurier Institute and former CBC Journalist Terry Milewski over Khalistan Report

Wed, 23 Dec 2020 11:00 GMT

TORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Claiming malicious, misleading and baseless accusations, Sikhs For Justice (SFJ) filed a defamation lawsuit with the Ontario Superior Court of Justice?against the MacDonald-Laurier Institute (MLI), a right-wing think tank, and former CBC journalist Terry Milewski, for authoring and publishing a report entitled “Khalistan: A Project of Pakistan.”?

Orbit International’s Electronics Group Receives Two New Orders in Excess of $1,200,000

Tue, 08 Dec 2020 13:45 GMT

Company’s Power Group 2020 VPX Bookings Exceed Prior Year

Company’s Power Group 2020 VPX Bookings Exceed Prior Year

Ricky Sitomer, CEO of Star Jets International, Inc. (JETR), Announces Record $3,000,000+ in Revenue for the Third Quarter of 2020

Tue, 24 Nov 2020 16:22 GMT

Third Quarter Revenue Comparisons between 2019 and 2020, Up 245%

Third Quarter Revenue Comparisons between 2019 and 2020, Up 245%

Mission Ready Appoints William J. Bratton as Director

Thu, 12 Nov 2020 12:00 GMT

VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) is pleased to announce the appointment of William J. Bratton to the Board of Directors of the Company (the “Board”), effective immediately.

Orbit International Corp. Reports 2020 Third Quarter Results

Wed, 11 Nov 2020 13:45 GMT

Third Quarter 2020 Net Income of $864,000 ($0.25 per diluted share) v. Net Income of $25,000 ($0.01 per diluted share) in Prior Year Period

Mission Ready Appoints Buck L. Marshall and Terrace L. Nixon as Directors

Fri, 06 Nov 2020 12:00 GMT

VANCOUVER, British Columbia, Nov. 06, 2020 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) is pleased to announce the appointment of Buck L. Marshall and Terrace L. Nixon – the Company’s President & CEO and Chief Compliance Officer, respectively – to the Board of Directors of the Company (the “Board”), effective immediately. Mr. Marshall and Mr. Nixon were appointed as directors of the Company at its 2020 Annual General and Special Meeting of Shareholders (the “AGSM”) held on November 4, 2020.

Orbit International’s Power Group Reports Bookings in Excess of $1,000,000 for Month of October

Wed, 04 Nov 2020 13:45 GMT

Includes Approximately $500,000 in New VPX Bookings

Includes Approximately $500,000 in New VPX Bookings

Mission Ready Announces New Purchase Orders, Provides SOE Protest Update

Thu, 08 Oct 2020 11:00 GMT

VANCOUVER, British Columbia, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce that, further to its September 18, 2020 news release announcing new contract awards valued at an estimated $127 million, with a ceiling of $435 million (the “C&T Contracts”), and its September 25, 2020 news release reporting that it had received an aggregate of approximately $96 million in purchase orders (each purchase order, a “PO”) across the C&T Contracts, the Company has received $16 million in additional PO’s bringing the total received as of the date of this announcement to approximately $112 million.

Orbit International’s Power Group Reports Third Quarter Bookings of Approximately $3,400,000

Wed, 07 Oct 2020 12:45 GMT

HAUPPAUGE, N.Y., Oct. 07, 2020 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that bookings for its Power Group (“OPG”), through its Behlman Electronics, Inc subsidiary, were approximately $3,400,000 for the third quarter of 2020.

AirBoss Defense Group Awarded $22 Million for a Portfolio of Survivability Equipment

Mon, 05 Oct 2020 11:30 GMT

LANDOVER, Md., Oct. 05, 2020 (GLOBE NEWSWIRE) -- AirBoss Defense Group (ADG) announced today that over the past 2 months it has been awarded more than $22 million in new contracts for the full portfolio of the company’s survivability solutions. These contracts are in addition to the company’s previously announced awards to supply Personal Protective Equipment (PPE) in support of the Federal Emergency Management Agency’s (FEMA) response to the COVID-19 pandemic, the Department of Health and Human Services Strategic National Stockpile (SNS) and Department of Veterans Affairs (VA). These orders are also in addition to the $15M in other non-Government COVID-19 response orders received earlier this year.

Mission Ready Appoints Buck Marshall as President and CEO

Thu, 01 Oct 2020 11:00 GMT

VANCOUVER, British Columbia, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce the appointment of Buck Marshall as President and Chief Executive Officer (“CEO”) of the Company, effective immediately.?To facilitate this change, James Marks has relinquished his role as interim Chief Executive Officer of the Company, and concurrently been appointed to the position of Chairman (“Chairman”) of the Company’s board of directors (the “Board”), effective immediately. James Marks joined the Company’s board of directors in June 2018 and has been instrumental in the Company’s forward development, most recently lending his expertise as CEO on an interim basis. Management wish to express their sincere appreciation to Mr. Marks for his unwavering dedication to the Company, and welcome him in his new capacity as Chairman of the Board.

AirBoss Defense Group Awarded $35.6 Million Contract Extension for Husky 2G Protected Payload and Route Clearance Payloads

Mon, 28 Sep 2020 11:30 GMT

LANDOVER, Md., Sept. 28, 2020 (GLOBE NEWSWIRE) -- AirBoss Defense Group (ADG) announced today that Army Contracting Command Warren has awarded a two year extension to the “Husky Long Term Contract” to Critical Solutions International (CSI), an ADG company. The extension will provide an additional two years of ordering options to the base Long-Term Contact awarded in March 2017. This two year extension is based around the Husky 2G Protected Payload Delivery Vehicle and its associated route clearance payloads.

Mission Ready Announces $58.5 Million in New Purchase Orders

Fri, 25 Sep 2020 16:15 GMT

VANCOUVER, British Columbia, Sept. 25, 2020 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce that, further to its September 18, 2020 news release announcing new contract awards valued at an estimated $127 million, with a ceiling of $435 million (the “C&T Contracts”), and its September 24, 2020 news release announcing new purchase orders totalling approximately $37.5 million, the Company has received approximately $58.5 million in additional purchase orders. Since being awarded the C&T Contracts on September 14, 2020, the Company has received purchase orders totalling approximately $96 million.

Mission Ready Announces $37.5 Million in New Purchase Orders

Thu, 24 Sep 2020 12:29 GMT

VANCOUVER, British Columbia, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce that, further to its news release dated September 18, 2020 announcing new contract awards for an estimated $127 million with a ceiling of $435 million (the “Contracts”), the Company has since received an aggregate of $37,580,773.96 in new delivery orders (the “Purchase Orders”) across the Contracts.