Orbit International`s Power Unit Segment Receives $425,000 in New Orders for MK 119 Gun Control System Used on Navy`s AEGIS Destroyers
BizWire (07/20/2004 8:17 AM ET)

    Business Editors

    HAUPPAUGE, N.Y.--(BUSINESS WIRE)--July 20, 2004--

    Orbit International Corp. (NASDAQ:ORBT) today announced that its Power Units Segment, Behlman Electronics, Inc., ("Behlman") has received an order for approximately $425,000 for power supplies for the MK 119 gun control system used on the U.S. Navy's AEGIS destroyers. Deliveries under this contract are expected to commence in the fourth quarter of 2004 and continue through the first quarter of 2005.

    The Company also announced that Behlman's bookings during the month of June were in excess of $2,600,000 due to the recent receipt of orders from Raytheon Systems Company (NYSE:RTN) for the Forward Looking Infrared Radar (FLIR) for the F/A-18 aircraft.

    Mark Tublisky, President of Behlman, commented, "Behlman continues to see strong demand for its products in Custom-Off-The-Shelf (COTS) and niche power applications. This order is of added significance because it represents products sold by both Behlman's custom and commercial divisions and demonstrates the benefit of Behlman's broad product line and balanced market appeal. We remain confident that the cross marketing of Behlman's custom and commercial products will continue to generate new sales opportunities."

    Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp. added, "This order for Behlman is a follow-on order for these products. Both our Power Units and Electronics Segments continue to receive contract awards for reorders from our customers on existing programs and some of the new opportunities we have been pursuing are also coming to fruition. We remain confident in our outlook for strong operating results for 2004."

    Orbit International Corp., based in Hauppauge, New York, is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, inverters, uninterruptible power supplies and associated analytical equipment. The Behlman custom division designs, manufactures and sells power units and electronic products for military and high-end industrial usage. 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, 2003.

    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, including the expected delivery dates of new contracts, the cross marketing of Behlman's custom and commercial products continuing to generate new sales opportunities, new sales opportunities the Company has been pursuing coming to fruition and the confidence in strong operating results for 2004. 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, the current economic climate and military conflicts, variable market conditions 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.

--30--IS/ny* CONTACT: Orbit International Corp. Mitchell Binder, 631-435-8300 KEYWORD: NEW YORK INDUSTRY KEYWORD: GOVERNMENT AEROSPACE/DEFENSE COMPUTERS/ELECTRONICS SOURCE: Orbit International Corp.