Orbit International Corp. Receives New Military Order For $700,000; Company Sees Strong Operating Results Continuing in 2004

Business Wire, June 24, 2004

HAUPPAUGE, N.Y. -- Orbit International Corp. (NASDAQ:ORBT), a supplier of military and defense electronics, today announced that it has received an order in excess of $700,000 from Lockheed Martin Corporation (NYSE:LMT) for the design, development and production of a Control Display Unit (CDU) in support of the Chaparral Program. Deliveries under this contract are expected to commence in the fourth quarter of 2004 and continue through the second quarter of 2005.

The contract calls for the design of a new state-of-the-art color liquid crystal display (LCD) unit that will be designed for Lockheed for the Chaparral program and future Foreign Military Sale program opportunities. The Chaparral program is a mobile air defense system with a turret mounted on a tracked vehicle carrying ready-to-fire missiles.

Sam Berhumoglu, Director of Marketing for the Orbit Instrument Division, commented, "Our Company has been working very closely with the Missiles and Fire Control Division of Lockheed Martin and we are pleased to be selected as the source of supply for the design, qualification and production of the CDU. Our engineering staff will be designing latest state-of-the-art color LCD hardware that will be installed and operated within tracked vehicle program requirements. We are pleased that our display units, along with the embedded software, are being procured for a number of aircraft, shipboard, helicopter, subsurface and tracked vehicle programs."

Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp. added, "Our Electronics Segment continues to demonstrate an ability to provide cost competitive, quality hardware that supports both prime contractor and government procurement opportunities. Our Instrument Division has been working for a significant period of time to support this new sales opportunity. This award confirms our confidence in our ability to continue to realize great success in being awarded new business opportunities that will complement reorders that we are receiving from our customers on existing programs. We remain confident that 2004 will once again be a year of strong operating results."

Orbit International Corp., based in Hauppauge, New York, 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 and low noise uninterruptable power supplies (UPS). The Behlman custom 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, 2003.

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 expected delivery dates the of new orders, future Foreign Military Sale program opportunities, the confidence in the ability of the Company to continue to realize great success in being awarded new business opportunities that will complement reorders from customers on existing programs and confidence that 2004 will once again be a year of strong operating results. 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 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.