Orbit International Corp. Receives New Contract Awards in Excess of $700,000; Options Could Exceed an Additional $850,000; Company Expects New Orders Completed by 2006.

HAUPPAUGE, N.Y. -- Orbit International Corp. (NASDAQ: ORBT), an electronics manufacturer and supplier, today announced that its Electronics Segment has received multiple firm fixed contract awards from a leading defense prime contractor valued in excess of $700,000 to procure Cockpit Mission console equipment in support of the P-3 Maritime Patrol Aircraft program for Foreign Military Sales (FMS) requirements. Deliveries under these contracts are expected to commence in the second quarter of 2006 and continue through the end of the year.

Orbit's customer has negotiated a contract with the Swedish Coast Guard to update their DeHavaland P-3 aircraft with enhanced submarine surveillance equipment which will include the Company's keypads and display monitors. In addition, a second contract was finalized by Orbit's customer with the New Zealand Air Force in support of the P-3 Lot II upgrade program under which Orbit will design and manufacture cursor control trackballs, cockpit displays, keyboards, flight keypads, as well as ruggedized displays to support the aircraft operators with critical real time information on each display.

The Company has been informed by its customer that it is about to commence final negotiations with a third FMS P-3 upgrade program requirement. Additional orders for the same hardware designs could exceed $450,000, bringing the total award for the P-3 upgrades to approximately $1,150,000. Since this customer has a larger, enhanced display requirement in addition to the displays currently on order for the Swedish and New Zealand P-3 programs, the potential for this display could add $400,000 more in total orders.

Dennis Sunshine, President and Chief Executive Officer commented, "The P-3 program has generated a significant revenue stream for our Electronics Segment, in support of U.S. Air Force and Foreign Military Upgrade programs."

Sunshine continued, "Given the flexibility of our Electronics Segment, which now includes our Tulip Development Laboratory, Inc. subsidiary, we have the resources to fulfill our customers' critical design requirements, support multiple programs that have time-sensitive delivery expectations, and provide new hardware for significant quantities of new and retrofit program opportunities."

Separately, the Company announced that as a result of the resignation of Denis Feldman from the Board of Directors effective March 8, 2006, for personal reasons, the Company has been notified by Nasdaq that it is not in compliance with a listing requirement of having a majority of independent board members. The Company's Nominating and Corporate Governance Committee has interviewed candidates to replace Mr. Feldman and the Company expects to be in compliance prior to its Annual Meeting in June 2006, which is within the grace period allowed by Nasdaq.

Orbit International Corp., based in Hauppauge, 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, uninterruptible power supplies and associated analytical equipment. The Behlman military division designs, manufactures and sells power units and electronic products for measurement and display.

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 deliveries under new contract awards and additional orders for the same hardware designs exceeding an additional $450,000 with potentially an additional $400,000. 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, 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 Annual Report on Form 10-KSB for the fiscal year ended December 31, 2004 and its other periodic reports and its registration statement on Form S-3 containing a final prospectus dated January 11, 2006 filed with the Securities and Exchange Commission.