Orbit International Corp. Enters into Two New Strategic Partnering Agreements That Support Remote Control Unit Transponder Programs

Business Wire, Nov 1, 2007

Significant Opportunity for Follow On Production

September 30(TH) Backlog up 31.5%

HAUPPAUGE, N.Y. -- Orbit International Corp. (NASDAQ: ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group received new prototype awards from two leading prime defense and aerospace contractors for Remote Control Unit ("RCU") program opportunities. Both awards include significant multi-year follow on potential. Although the dollar value of these initial prototype awards is not material, both awards are significant since they include Strategic Partnering Agreements. Both prototype awards provide the customer with cost competitive RCU prices in exchange for sole source commitments which could lead to significant multi-year production and retrofit orders for Orbit through 2015.

Separately, the Company announced that its backlog at September 30, 2007 increased by 31.5% to $16.0 million compared to $12.1 million one year earlier.

Following on Orbit's news release of September 19, 2007, Dennis Sunshine, President and Chief Executive Officer of Orbit International stated, "Now that we have a fully qualified, state-of-the-art, mission-proven RCU, prime contractors may purchase these units from our Company with confidence and with the ability to customize the unit by downloading software developed for unique requirements. We are looking to establish strategic alliances with additional prime contractors that dominate the defense electronics landscape for U.S. Air Force, U.S. Army and U.S. Navy Identification Friend or Foe (IFF) program opportunities. If successful, we could significantly increase our presence in both the domestic and international IFF marketplace."

Sunshine added, "Since that September announcement our Company has successfully demonstrated the unique capabilities of the RCU, which ultimately led to these new awards. The timing and size of these Strategic Partnering Agreements significantly exceeded our expectations with respect to potential production quantities throughout the multi-year program life cycle. Prior to these agreements, both prime contractors provided their own RCUs for IFF program requirements. It is clear that as both prime contractors conducted a make/buy analysis, they saw the benefits of our proven RCU capabilities as well as our cost competitive unit prices for continued production requirements."

Sunshine continued, "Once these RCU prototypes move to the production cycle, customer delivery requirements commence in 2008 and accelerate with significant follow on program requirements expected through 2015."

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 and Quakertown, Pennsylvania. 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.

Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, but not limited to, statements regarding any acquisition proposal and whether such proposal or a strategic alternative thereto may be considered or consummated; statements regarding our expectations of Orbit's operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results including all guidance amounts, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Orbit International's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit's filings with the Securities and Exchange Commission including quarterly reports on Form 10-Q, current reports on Form 8-K, annual reports on Form 10-KSB and its other periodic reports and its registration statement on Form S-3 containing a final prospectus dated January 11, 2006. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.