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Orbit International's Power Units Segment Receives New Orders in Excess of $1,000,000; Bookings From Segment's Commercial Division Up 23% From Prior Year

Posted on: Tuesday, 11 October 2005, 09:01 CDT

Orbit International Corp. (NASDAQ:ORBT) today announced that its Power Units Segment, Behlman Electronics, Inc. ("Behlman"), has received new orders aggregating over $1,000,000 for both initial and follow-on production program requirements. Deliveries under these contracts are expected to commence in the fourth quarter of 2005 and continue through the second quarter of 2006.

The Company also announced that with the receipt of these new contracts, year-to-date bookings from the Segment's Commercial Division are up 23% from the same period last year.

Included in these new orders is a follow-on award for approximately $450,000 for power supplies used on the MK119 gun control system used on the U.S. Navy's AEGIS Destroyers. This order marks the beginning of a five-year requirement that could result in over $2,000,000 in additional orders over that time period.

Behlman also received an order for approximately $230,000 for uninterruptible power supplies (UPS) used on the U.S. Army's Phoenix System, a mobile satellite communication system for "on-the-move-troop" communications. This is an initial production order and sales for this UPS could increase if adopted for use by the U.S. Air Force, Marines and National Guard.

Finally, Behlman's Commercial Division has also received several orders, totaling over $350,000, for modified standard products for use in railroad signaling, aircraft power systems and for oil and gas exploration.

Mark Tublisky, President of Behlman, commented, "Behlman continues to see strong demand in our commercial division, driven by our ability to easily modify our standard products to specific customer requirements. Since 1995, Behlman has supplied over 1200 units to this customer in the oil and gas exploration industry and this latest order has an accelerated shipping requirement in response to increasing demand."

Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp., added, "Behlman's business plan of leveraging its standard product design to pursue modified standard and COTS product applications continues to lead to reorders of units with large multi-year production requirements. Consequently, this capability of modifying standard products to specific customer requirements has helped fuel the dramatic sales growth in this division."

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 expected deliveries under new contracts, future orders under the MK119 gun control system totaling $2,000,000 over a five-year period, additional orders for its UPS based on potential use by the U.S. Air Force, Marines and National Guard and Behlman continuing to see strong demand in its commercial division. 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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