TEL AVIV Nov 11 Orbit Technologies
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
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)