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Orbit International's Power Units Segment Receives New Orders in Excess of $750,000

Posted on: Tuesday, 14 February 2006, 09:00 CST

Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer and supplier, today announced that its Power Units Segment, Behlman Electronics, Inc. ("Behlman") has received two new orders aggregating over $750,000 for follow-on production program requirements. Deliveries under these contracts are expected to commence in the second quarter of 2006 and continue through the third quarter of 2006.

Included in these new orders is a follow-on award for approximately $420,000 for power supplies for the MK-119 gun control system used on the U.S. Navy's AEGIS Destroyer. The MK-119 Gun Computer System Cabinets, have been designed to support the major configuration item of the MK-160 Gun Computer System (GCS) as well as future proposed GCS`s for the Cruiser Conversion, the DDG-51 backfit and DeepWater programs. This is the second such order from this customer of a five-year requirement for these specialized power supplies that could translate into $2,000,000 in orders over that time period.

The second order, valued at approximately $330,000, is for a power supply used in oil and gas exploration. As announced in January 2005, Behlman's customer indicated that demand for its product should continue due to the increase in oil and gas exploration activity. Since that date, Behlman has booked over $900,000 of this power supply, and based upon customer forecasts, management anticipates repeat orders through the year 2010.

Mark Tublisky, President of Behlman, commented, "We are very encouraged by the sales growth resulting from the execution of Behlman's business plan, namely leveraging our standard product designs to pursue large programs requiring a modified standard or COTS product application. Behlman's ever growing installed base of existing programs leads to large recurring orders, which we are confident, will continue over the next several years."

Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp., added, "Both our Power Units and Electronics Segments are aggressively identifying and pursuing new business opportunities that we believe will lead to future orders and revenue. In addition, both segments continue to receive follow-on orders that provide a strong base of business for our Company. We are hopeful that the conversion of these new business opportunities into recurring orders will enable us to record revenue and profit growth in 2006 and beyond. In addition, we continue to explore complementary and accretive acquisition opportunities."

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 and its registration statement on Form S-3 containing a final prospectus dated January 11, 2006.

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, forecasted demand for its oil and gas exploration power supply having repeat orders through the year 2010, Behlman's installed base of existing programs leading to large recurring orders and continuing over the next several years, new business opportunities leading to future revenue and the Company continuing to record revenue and profitability growth in 2006 and beyond. 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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