Orbit International Corp. Announces New Contract Award From Marconi Aerospace Systems, Inc

Business Wire, June 24, 1999

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--June 24, 1999--

Orbit International Corp. (NASDAQ:ORBT) today announced that its Orbit Instrument Division has been awarded a new contract valued at approximately $1,000,000 from the Advanced Systems Division of Marconi Aerospace Systems, Inc. Under this contract, the Company will provide a Data Entry Device/Terminal to be used as part of Marconi's family of Digital Interrogators. Deliveries of these units are expected to commence in the year 2000 and continue through 2002.

Orbit's equipment will be incorporated into Marconi's IFF hardware that will be utilized by the U.S. Navy. Possible international sales also exist for this architecture. The equipment provided for this program demonstrates Orbit's ability to provide hardware which can operate in severe environmental conditions including shock and cold storage temperatures.

Dennis Sunshine, President and Chief Executive Officer commented, "Despite a difficult business environment, our Company is working on several new business opportunities which we believe will increase our customer base. This order from Marconi represents one of many opportunities which require our hardware to operate in a mission critical environment."

Orbit International Corp., based in Hauppauge, is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government application. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units and low noise uninterruptable power supplies (UPS). 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-K for the fiscal year ended December 31, 1998.

This press release contains "forward-looking statements', within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's expectations relating to future revenues. These forward-looking statements involve known and unknown risk, 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, variable market conditions and changing needs of the defense sector and the Company's customers. 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.