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Orbit Internationala?s Power Group Receives New Orders Valued in Excess of $1,100,000

^{Published on 2010-09-30 05:10:56 - 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), received several new orders in September totaling in excess of $1,100,000 for its Commercial and COTS Divisions. These awards are in addition to the September 14, 2010 announcement for an award of $1,742,000 supporting a COTS power supply, used in a U.S. Naval anti-submarine and anti-ship surveillance and targeting system.

These new awards represent follow-on production orders for power supplies for both of Behlmana™s operating divisions. The Commercial division received orders in excess of $650,000 for power supplies used in a broad array of applications including oil and gas exploration, railroad signaling and military sytems. The awards for the COTS division, totaling in excess of $450,000, are for power supplies for a major missile defense system as well as for a major display console used by the U.S. Naval fleet. Deliveries under these new contracts are expected to commence in the fourth quarter of 2010 and continue through the fourth quarter of 2011.

Mark Tublisky, President of Behlman commented, aBehlmana™s ability to operate in both the commercial and military COTS marketplace has been the reason for our continued success during these challenging economic times. Our commitment to provide total power solutions has allowed Behlman to penetrate a number of new markets that have helped fuel our continued sales growth. We believe that both of our operating divisions are currently well positioned to capture new business opportunities and we anticipate strong operating performance for the remainder of the year.a

Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp. commented, aWe are encouraged with the recent contract awards and the backlog growth in Behlmana™s two operating divisions. In addition, September has been a very strong month for contract awards for Orbit International Corp. with three of our operating units booking orders in excess of $1,000,000. This should result in an increase in our reported backlog at quarter end compared to previous quarters and should have a positive impact on our operating performance for the fourth quarter and 2011 as a whole.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.