Orbit International Corp. Receives New Order for $1.2 Million for Common Transponder Program

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 a new order in excess of $1.2 million for its Remote Control Units (RCU) to support the Common Transponder Program (CXP) for U.S. Navy and U.S. Army requirements. Deliveries under this contract are expected to commence in the current second quarter and be completed by the third quarter of 2008. As part of the Company's amended long-term agreement ("LTA") with its customer, a leading global defense and aerospace contractor, an additional 460 RCUs, with a value in excess of $2.6 million, must be procured by the end of 2009. These additional orders are expected in 2008 and Orbit anticipates that the future requirements will be released on a timely basis so that production will not be interrupted.

Dennis Sunshine, President and Chief Executive Officer of Orbit International, commented, "The timing and size of this latest release significantly exceeded our expectations and it appears that additional contracts for the remaining 460 RCUs covered under the LTA will be released on an expedited basis. Due to increased demand, our customer has requested and received a formal Orbit proposal to procure an additional 500 RCUs with a potential value in excess of $3.0 million. Once this new LTA is secured, it would provide a contractual vehicle that would allow our customer to order additional RCUs, avoiding procurement cycle delays."

Sunshine continued, "Our RCUs have been a critical part of the CXP program since the start of the Persian Gulf War, supporting both Operation Iraqi Freedom as well as Operation Enduring Freedom in Afghanistan. Since delivered, these systems have been operational 24/7, under extreme heat, sand and dust environments. Although our units remain fully operational, additional RCUs are required to support ongoing U.S. Army and U.S. Navy requirements. Given the success of our RCU unit, we are actively exploring strategic opportunities with additional prime contractors that dominate the defense electronics landscape for U.S. Air Force, U.S. Army and U.S. Navy Identification Friend or Foe (IFF) programs. This marketing strategy should enable our Company to further penetrate both the domestic and international IFF marketplace for new programs, and actively pursue RCU replacement opportunities once these units are redeployed and available for retrofit."

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, Quakertown, Pennsylvania and 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.