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

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HAUPPAUGE, N.Y.--(BUSINESS WIRE)--

Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer, systems integrator and software solution provider, today announced that its Electronics Group has received an order placed against its multi-year Indefinite Delivery/Indefinite Quantity ("IDIQ") contract for MK 119 Gun Computer System Cabinets (GCSC) from a U.S. Navy Procurement Agency for the Coast Guard Deepwater Program valued at approximately $425,000. This award was received by the Company's newly acquired Integrated Combat Systems, Inc. ("ICS") subsidiary located in Louisville, Kentucky. Deliveries under this contract are scheduled for the fourth quarter of 2008. Total anticipated follow-on orders for the Coast Guard Deepwater Program are in excess of $1,700,000 and are expected each year through 2011.

 
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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 Orbit International Corp., commented, "In addition to exploring new business opportunities, all of our operating units continue to benefit from follow on contract awards on many modernization and retrofit programs that we have successfully participated in for a number of years."

Orbit International Corp. is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications through its production facilities in Hauppauge, New York, and Quakertown, Pennsylvania; and designs and manufactures combat systems and gun weapons systems, provides system integration and integrated logistics support and documentation control at its facilities in Louisville, Kentucky. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and associated analytical equipment. The Behlman military division designs, manufactures and sells power units and electronic products for measurement and display.

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 Orbit International's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit's filings with the Securities and Exchange Commission including quarterly reports on Form 10-Q, current reports on Form 8-K, annual reports on Form 10-K and its other periodic reports and its registration statement on Form S-3 containing a final prospectus dated January 11, 2006. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

Source: Orbit International Corp.


----------------------------------------------
Orbit International Corp.
Mitchell Binder
 631-435-8300
Executive Vice President
or
The Equity Group Inc.
Investor Relations Counsel
Linda Latman
 212-836-9609
or
Lena Cati
 212-836-9611

 
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