Orbit International Receives Follow-on Contract from NAVICP for Color Plasma Entry Panels

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Tue Mar 24, 2009 10:15am EDT

Potential for Retrofit Program Could Exceed $20 Million
HAUPPAUGE, N.Y.--(Business Wire)--
Orbit International Corp. (NASDAQ:ORBT), a defense electronics manufacturer,
systems integrator and software solution provider today announced that its
Electronics Group had received a follow-on contract in excess of $300,000 from
the U.S. Naval Inventory Control Point (NAVICP), Mechanicsburg, PA. for the
manufacture of its Color Plasma Entry Panels (Color PEP). The Color PEPs were
designed to replace older Orbit Plasma Entry Panels currently supporting UYQ-21
Naval console requirements. Deliveries under this contract are expected to
commence in the second quarter 2009 and be completed by the third quarter 2009. 

The contract from NAVICP represents the second award for the Color PEP that was
specifically designed as a low cost, enhanced capability end-of-life replacement
for the legacy Plasma Entry Panels originally designed by Orbit. The new Color
PEPs, once installed, significantly upgrades the functionality and capabilities
of all UYQ-21 consoles for U.S. and foreign fleet service. 

These Color PEPs will continue to support a replacement program funded for the
purpose of removing hardware that is too costly to repair or refurbish, and
provide state-of-the-art hardware with enhanced capabilities as form fit
replacements for the UYQ-21 consoles on board most U.S. Naval surface ships. 

Dennis Sunshine, Orbit`s President and Chief Executive Officer, commented, "Our
older Plasma Entry Panels, initially designed, and installed since 1982,
continue to support computer display systems for UYQ-21 Naval Surface shipboard
fleet requirements as well as land based test facilities. Over the years, we
have shipped in excess of 3,500 Plasma Entry Panels to a number of prime defense
electronic contractors, including, Hughes Aircraft Company, Raytheon Company,
DRS, Lockheed Martin, and directly to Naval Procurement Offices supporting
UYQ-21 console testing facilities. These units have had a successful history of
providing each console operator with critical real time data for the Command
Information and Control Room, as well as the Fire Control areas, for all U.S.
Naval Cruisers, Destroyers, and Fleet Carriers utilizing the UYQ-21 console
systems." 

Sunshine added, "Management believes that the UYQ-21 system still plays a
critical role on a significant number of Naval platforms displaying command and
control situations, operating in real time, utilizing computer generated radar
and sonar graphics, while providing a host of solutions for each console
operator. Once a solution for any combat situation is displayed, the UYQ-21
system is locked into multiple mission solutions, and activates designated fire
control responses without further operator assistance." 

Sunshine concluded, "Since all of the UYQ-21 consoles currently on board each
ship will remain operational, the replacement initiative of providing more
technology for less dollars is clearly aligned with the policies announced by
the current administration. Since the Color PEP replacement of the critical, yet
aging existing Plasma Entry Panels is now available at a low cost, enhanced
solution, our Company has the potential to replace these older units for the
navies of the U.S., Spain, and Japan. The CG-47 Ticonderoga class AEGIS
cruisers, DDG-51 Arleigh Burke class AEGIS destroyers, and the FFG-7 Oliver
Hazard Perry class frigates are just some of the U.S. surface vessels equipped
with the UYQ-21 system. Based upon the number of older units that have been
embedded and operational for up to 27 years, we view this Color PEP replacement
program as a major business opportunity with the potential to generate $20
million of future revenue." 

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; and designs and manufactures combat systems and gun
weapons systems, provides system integration and integrated logistics support
and documentation control at its facilities in Louisville, Kentucky. 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/or the potential sale of the
Company 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, 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-K 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. 





Orbit International Corp.
Mitchell Binder, 631-435-8300
Executive Vice President
www.orbitintl.com
or
Investor Relations Counsel
The Equity Group Inc.
Linda Latman, 212-836-9609
Lena Cati 212-836-9611
www.theequitygroup.com

Copyright Business Wire 2009

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