Orbit International Corp. Receives New Development Contract From Raytheon to Support Tower Display Workstations for Federal Aviation Administration

Business Wire, Nov 26, 2002

Business Editors

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Nov. 26, 2002

Annual Production Quantities Could Reach $1.0 Million,

Starting 2004

Orbit International Corp. (NASDAQ: ORBT), a niche military defense electronics supplier, today announced its Orbit Instrument Division has recently received a design and development contract from Raytheon Technical Services Company (NYSE:RTN).

This new development contract for ruggedized trackball systems will support the Federal Aviation Administration (FAA) Standard Terminal Automation Replacement System (STARS) Tower Display Workstation (TDW) as well as the Terminal Controller Workstation (TCW).

Orbit will be developing separate 2 1/2 inch ruggedized trackball configurations for these workstation programs. Prototype and pre-production quantities of both the desktop and embedded units will be developed and qualified for the FAA. Both units will also require Underwriting Laboratory (UL) certification and approval. The initial prototype phase should be completed by the first quarter of 2003 and potential production orders are expected in the third quarter of 2003. Deliveries of these production orders, if received, would not commence until 2004.

Dennis Sunshine, President and Chief Executive Officer of Orbit International commented "This new design and qualification effort is significant to our core business for it complements our existing business of backlit keyboards that we are currently providing to the FAA on these same programs. Although this design and prototype phase amounts to only approximately $45,000, expected production could reach $900,000 to $1.0 million annually for the next five years of program requirements."

Sunshine continued "Our Instrument Division is gaining a strong foothold in military and ruggedized keyboard and trackball workstation markets and we continue to respond with competitive proposals to support Military, Homeland Security and Custom-Off-The-Shelf (COTS) opportunities."

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. 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, 2001.

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, including the completion and timing of the initial prototype and pre-production phases, the receipt of production orders and their aggregate value, the length of future program requirements, the ability of Orbit to gain market share for ruggedized keyboard and trackball program requirements and the ability for Orbit to respond to Military, Homeland Security and COTS requirements. 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, the current economic climate and military conflicts, variable market conditions and changing needs of Raytheon and the Federal aviation Administartion. 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.