Reuters logo
Israel's Orbit wins large satellite communications deal
November 11, 2012 / 1:32 PM / 5 years ago

Israel's Orbit wins large satellite communications deal

TEL AVIV (Reuters) - Orbit Technologies (ORBI.TA) won a contract for its Ka-band communications systems from one of the world’s largest satellite ventures, the Israeli company said on Sunday.

Orbit said the customer, a consortium of carriers that provides satellite high-speed broadband communications around the world, estimates the potential market for Orbit’s systems at $150 million over five years.

The company received an initial immediate order worth 4 million shekels ($1.03 million).

Orbit’s shares were up 40 percent to 8.68 shekels in afternoon trade.

Orbit will supply communications systems, including 2,500 antennas, for the Ka band frequency, a key growth engine for the satellite communications industry.

($1 = 3.90 shekels)

Reporting by Tova Cohen

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below