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Orbit Internationala?s Power Group Receives New Order Valued in Excess of $530,000

^{Published on 2010-08-12 05:55:44 - Market Wire}
 

HAUPPAUGE, N.Y.--([ BUSINESS WIRE ])--Orbit International Corp. (NASDAQ:ORBT), a defense and industrial electronics manufacturer, systems integrator and software solution provider, today announced that its Power Group, Behlman Electronics, Inc. (aBehlmana), has received an order valued in excess of $530,000 for its COTS Division. This new award is for a power supply to be used on the RC-135, a U.S. Air Force (USAF) all-weather surveillance and reconnaissance aircraft. Deliveries under this contract are expected to commence in the fourth quarter of 2010 and continue through the second quarter of 2011.

This is the first production order for this power supply for which Behlman had previously delivered several prototype and pre-production orders to its customer, a prime contractor to the USAF. Behlman anticipates additional production orders for these units as the USAF continues to upgrade this aircraft.

Mark Tublisky, President of Behlman commented, aWe are pleased that after supplying prototype and pre-production units to this customer, the first production order has now been received. Behlmana™s ability to modify its standard products to meet specific customer requirements has enabled our COTS division to attract the attention of a number of customers with program opportunities that require proven hardware solutions with time sensitive delivery schedules. Behlmana™s COTS business model, which emphasizes flexible designs, individualized engineering support and superior customer service, has been the driving force behind these contract awards. This approach should enable Behlman to grow its COTS division supporting future business opportunities.a

Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp. commented, aBehlmana™s extensive experience in providing COTS power solutions has enabled the division to pursue a number of new market opportunities. In an effort to reduce the Federal Budget deficit by managing spending requirements, the U.S. Department of Defense has mandated an initiative to both reduce overall program development costs, while expediting the design timeline for new production program solutions. Behlman's successful business plan for COTS power solutions specifically addresses these directives by significantly reducing design costs, while providing customers with qualified hardware that can support critical program time schedules. In addition to the increased COTS division business activity, Behlmana™s commercial division continues to receive new orders; July was Behlmana™s best month this year to date for new bookings. We remain confident that Behlman will continue to experience increased activity for its commercial products and is poised for a strong second half of 2010.a

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; and designs and manufactures combat systems and gun weapons systems, provides system integration and integrated logistics support and documentation control at its facilities in Louisville, Kentucky. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and COTS power solutions.

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/or the potential sale of the Company and whether such proposal or a strategic alternative thereto may be considered or consummated; statements regarding the Companya™s expectations of its operating plans, deliveries under contracts and strategies generally; statements regarding its expectations of the performance of business; expectations regarding costs and revenues, future operating results, 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. 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.