Orbit International Receives IDIQ Multi-Year Contract from U.S. Army Communications Electronics...

Business Editors

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Sept. 4, 2003

Orbit International Corp. (NASDAQ:ORBT), a military defense electronics supplier, today announced that it had received a firm fixed price indefinite delivery/indefinite quantity (IDIQ) multi year contract from the

The IDIQ contract provides pricing to meet anticipated requirements of up to 100 units annually for a period of five years. The initial contract award under this IDIQ is for $300,000 with deliveries expected in the second and third quarters of 2004. The Company has previously delivered approximately 235 DEDDT's under various contracts with U.S. Government agencies. If the current IDIQ contract is fully exercised, this award could exceed $5,000,000 over the next five years for the Company.

The DEDDT provides the artillery batallions with an interactive information display that is used in conjunction with the Modular Azimuth Positioning System (MAPS) and the Global Positioning System (GPS) used on the Firefinder Radar Display.

Dennis Sunshine, President and CEO of Orbit, commented, "We are pleased to be recognized as a valued military supplier to the U.S. Army and Marine Corps and to continue to support this military positioning display requirement by providing a reliable, cost competitive single board computer solution with a backlit electro-luminescent display that supports the Army TPQ-36/37 and Marine Corps TPS-59 requirements. The TPQ-36/37 and TPS-59 Firefinder programs are multi-usage and provides the armed forces with accurate positioning information that is intended to meet both U.S. and foreign military requirements."

Mr. Sunshine added, "This multi-year agreement provides both customers with firm fixed prices for DEDDT requirements for a period of five years and also includes service and retrofit pricing for units currently supporting program requirements. If this IDIQ contract is fully exercised, it would be a very significant business opportunity for Orbit."

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, AC power sources, frequency converters, inverters, uninterruptible power supplies and associated analytical equipment. The Behlman custom division designs, manufactures and sells power units and electronic products for military and high-end industrial usage. 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, 2002.

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 of new contracts, the potential of the Company's customer procuring any or all remaining units under the IDIQ contract, the potential of the award exceeding $5,000,000 over the next five years for the Company if the IDIQ contract is fully exercised and the contract becoming a very significant business opportunity for Orbit if the IDIQ contract is fully exercised . 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.