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Orbit International Receives Order for U.S. Coast Guard MK 119 Gun Computer System Cabinet Valued in Excess of $425,000 Anticipated Follow-on Orders in Excess of $1,700,000 Mar 27, 2008 8:45:00 AM Copyright Business Wire 2008
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--
The MK 119 GCSC is an unmanned, environmentally-isolated shipboard enclosure that houses a standard 19 inch electronics rack containing processors, electronic devices, cooling and power conditioning equipment that performs processing, interfacing and data extraction functions designed to meet the most stringent U.S. Navy operational systems requirements. The MK 119 GCSC is also used on AEGIS Cruisers and Destroyers, and are operationally integrated within the 5"/54 MK-45 Gun Mount (GM) systems. Ken Ice, President and Chief Operating Officer of ICS, commented, "The Coast Guard's Integrated Deepwater System is a critical multi-year program, designated and funded to modernize and replace the Coast Guard's aging ships and aircraft and improve command and control and logistics systems. ICS continues to provide an integral part of this modernization program. The capabilities provided by the Deepwater Program enable the Coast Guard to perform more effectively, providing increased readiness and enhanced mission performance." Dennis Sunshine, President and Chief Executive Officer of Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, but not limited to, statements regarding any acquisition proposal and whether such proposal or a strategic alternative thereto may be considered or consummated; statements regarding our expectations of Orbit's operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results including all guidance amounts, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Source:
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