| Orbit International Receives Order from U.S. Procurement Agency for MK 119 Gun Computer System Cabinets Valued in Excess of $1,535,000 |
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Anticipated Follow-on Orders to Complete Cruiser Conversion Program Could Exceed $12,400,000
23:49 GMT, May 21, 2008 HAUPPAUGE, N.Y. | Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer, systems integrator and software solution provider, announced that its Electronics Group has received a contract award for MK 119 Gun Computer System Cabinets (“GCSC”) from a U.S. Navy Procurement Agency. This latest award, valued in excess of $1,535,000 was received by the Company’s Integrated Combat Systems, Inc. (“ICS”) subsidiary located in Louisville, Kentucky, to support the U.S. Navy’s Cruiser Conversion Program. Work under this contract is scheduled to commence in the second quarter of 2008 and deliveries are expected in the third quarter of 2009. Total anticipated follow-on orders for the Cruiser Conversion Program are expected through 2014, with a potential total program value in excess of $12,400,000. |
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Company or Organisation Portrait:
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. |
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Company or Organisation Contact:
Orbit International Corp. Mitchell Binder, 631-435-8300 Executive Vice President or Investor Relations Counsel: The Equity Group Inc. Lena Cati, 212-836-9611 Linda Latman, 212-836-9609 |