Friday, January 28, 2011

DTN News - DEFENSE NEWS: Orbit International Corp. Receives Order For The E-2 Hawkeye Aircraft Valued In Excess Of $600,000

Defense News: DTN News - DEFENSE NEWS: Orbit International Corp. Receives Order For The E-2 Hawkeye Aircraft Valued In Excess Of $600,000
Source: DTN News - - This article compiled by Roger Smith from reliable sources Orbit International Corp.
(NSI News Source Info) HAUPPAUGE, N.Y. - January 28, 2011: Orbit International Corp. (NASDAQ:ORBT - News), an electronics manufacturer and software solution provider, today announced that its Orbit Instrument Division received an order in excess of $600,000 for data entry panels for the mission control in the E-2 Hawkeye, the all weather carrier-capable Airborne Early Warning (AEW) aircraft, designed to give long-range warning of incoming aerial threats. Deliveries under this contract are expected to commence in the second quarter of 2011 and continue through the fourth quarter of 2011.

From an operating altitude above 25,000 feet, the E-2 Hawkeye provides data on approaching air threats and provides threat identification and positional data to fighter aircraft. The Hawkeye’s secondary roles include strike command and control for all aircraft carrier battle groups, surveillance, guidance of search and rescue missions for naval aviators.

Sam Berhumoglu, Vice President of Sales and Marketing of Orbit Instrument Division noted, “We have been involved in the E-2 Hawkeye program for over 12 years, initially providing our data entry panels for the E-2C aircraft and now for the latest version, the E-2D aircraft. The Hawkeye will continue its role as the Navy’s primary AEW aircraft for years into the future. Just last month, it was reported that 75 new E-2 Hawkeye aircraft with significant radar, engine, and electronics upgrades will be built in order to deal with a growing need for surveillance necessary to protect the U.S. naval fleet.”

Mitchell Binder, Acting Chief Executive Officer of Orbit International commented, “We continue to be a valued supplier for this program and in light of the importance of the E-2 Hawkeye to the U.S. Navy, we expect follow-on awards for several years to come.”

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 COTS power solutions.

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 the Company’s expectations of its operating plans, deliveries under contracts and strategies generally; statements regarding its expectations of the performance of 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. 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.

Press Releases

1/28/11 Orbit International Corp. Receives Order for the E-2 Hawkeye Aircraft Valued in Excess of $600,000

1/20/11 Orbit International Corp. Receives Follow-on Order of Approximately $400,000 for Common Transponder Program

1/7/11 Orbit International's Power Group Announces Two New Orders With a Combined Value of $474,000

12/27/10 Orbit International Corp. Announces $800,000 Order for Displays for CVN 78 Super Carrier

12/22/10 Orbit International Corp. Announces Change in Management

12/3/10 Orbit International Receives Contract for U.S. Navy Prototype MK 110 Signal Data Converter Valued in Excess of $275,000

11/18/10 Orbit International Corp. Receives Contract in Excess of $1,050,000 to Support UYQ-21 Console

11/9/10 Orbit International Corp. Reports 2010 3rd Quarter Results

10/7/10 Orbit International Receives Contracts for U.S. Navy MK 119 Gun Computer System Cabinets and MK 437 Gun Mount Control Panels Valued in Excess of $2,465,000

9/30/10 Orbit International's Power Group Receives New Orders Valued in Excess of $1,100,000

9/22/10 Orbit International Corp. Receives New Order in Excess of $2.1 Million for Common Transponder Program

9/14/10 Orbit International's Power Group Receives New Order Valued in Excess of $1,742,000

8/12/10 Orbit International's Power Group Receives New Order Valued in Excess of $530,000

8/10/10 Orbit International Reports 2010 Second Quarter Results

6/3/10 Orbit International Receives Contract Valued in Excess of $535,000 for Mobile Display Terminals Used in Commercial Mass Transit Vehicles


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