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Orbit International's Power Unit Segment Receives New Orders in Excess of $800,000; New Order Enters Production Phase With Potential to Continue Through 2011

Posted on: Wednesday, 21 September 2005, 09:00 CDT

Orbit International Corp. (NASDAQ:ORBT) today announced that its Power Units Segment, Behlman Electronics, Inc. ("Behlman") has received an order for approximately $650,000, for a power supply used on the LAMPS MK1 SH-2F "Seasprite" program, the U.S. Navy's anti-submarine and anti-ship surveillance and targeting system. Behlman had previously supplied units during the program's pre-production phase and this order marks the beginning of the production phase which is expected to continue through 2011.

In addition, Behlman received a follow-on order for approximately $170,000 for power supplies used on the Wedgetail program, an airborne surveillance system. Deliveries under these contracts are expected to commence in the first quarter of 2006 and continue through the first quarter of 2007.

Mark Tublisky, President of Behlman, commented, "Behlman currently has a significant amount of commercial off-the-shelf (COTS) power supplies designed on programs that have entered their production phase which should continue to generate follow-on orders in the future. In addition, Behlman continues to pursue other COTS programs and currently has delivered several new designs for qualification testing on programs that we believe have large production potential."

Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp. added, "Behlman continues to see its engineering efforts on COTS programs come to fruition as evidenced by this significant order on the LAMPS program. In addition to these new orders for its custom division, Behlman continues to develop new products for its commercial division as well. The success of both of Behlman's operating divisions has led to the significant increase in revenue and profitability from this operating segment over the past two 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. 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. For a more detailed discussion of the risks inherent in the Company's business, the reader is referred to the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2004.

This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding deliveries commencing and continuing under new contracts, the production phase of the new LAMPS order continuing through 2011, Behlman continuing to receive follow-on orders in the future and large production potential for those programs currently in the development stage. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual future results of the Company to be materially different from such forward looking statements. Factors that might result in such differences include, without limitation, current economic conditions and military conflicts, variable market conditions, the timing of execution and delivery under new and existing contracts, and changing needs of the defense sector and the Company's customers. The forward-looking statements contained in this press release speak only as of the date hereof. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

Source: Business Wire

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