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Orbit International's Power Units Segment Receives New Orders in Excess of $750,000; Company Sees Strong Demand for Its Oil and Gas Power Supplies Through 2010.


HAUPPAUGE, N.Y. -- Orbit International Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: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 destroyer, class of warship very fast relative to its length, generally equipped with torpedos, antisubmarine equipment, and medium-caliber and antiaircraft guns. The newest destroyers are equipped with guided missiles as their chief offensive weapon. . The MK-119 Gun Computer System Cabinets, have been designed to support the major configuration item of the MK-160 Gun Computer System (GCS GCS Glasgow Coma Scale
GCS Guilford County Schools (North Carolina)
GCS Ground Control Station
GCS Grand Central Station
GCS Ground Control System
GCS Ground Combat Systems
GCS Group Communication Systems
) as well as future proposed GCS`s for the Cruiser cruiser, large, fast, moderately armed warship, intermediate in type between the aircraft carrier and the destroyer. During World War II, battle cruisers operated as small battleships, combining in one vessel maximum qualities of gun caliber, armor protection, and  Conversion, the DDG-51 backfit back·fit  
tr.v. back·fit·ted or back·fit, back·fit·ting, back·fits
To retrofit.
 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 (Commercial Off-The-Shelf) Refers to ready-made merchandise that is available for sale. See MOTS.

(software) COTS - commercial off-the-shelf. See commercial software.
 product application. Behlman's ever growing installed base of existing programs leads to large recurring re·cur  
intr.v. re·curred, re·cur·ring, re·curs
1. To happen, come up, or show up again or repeatedly.

2. To return to one's attention or memory.

3. To return in thought or discourse.
 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 Accretive Acquisition

An acquisition that will increase the acquiring company's EPS.

Notes:
As they are expected to increase the acquiring company's future earnings, these acquisitions tend to be favorable for the company's market price.
 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 Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States.  and Quakertown, Pennsylvania Quakertown is a borough in Bucks County, Pennsylvania, in the United States.

The borough is 16 miles (26 km) south of Bethlehem and 29 miles north of Philadelphia, making Quakertown a border town of both the Delaware Valley and Lehigh Valley metropolitan areas.
. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies See UPS.

(hardware) Uninterruptible Power Supply - (UPS) A battery powered power supply unit that is guaranteed to provide power to a computer in the event of interruptions in the incoming mains electrical power.
 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 Final Prospectus

A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors.

Notes:
The final prospectus must be given to every investor who purchases a new issue of registered securities.
 dated January 11, 2006.

This press release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
, 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.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Orbit International's Power Units Segment Receives New Orders in Excess of $750,000; Company Sees Strong Demand for Its Oil and Gas Power Supplies Through 2010.
Publication:Business Wire
Geographic Code:1USA
Date:Feb 14, 2006
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