Hauppauge, New York, June 2, 2021 — Orbit International Corp. (OTC PINK:ORBT), an electronics
manufacturer and software solution provider, today announced that its Board of Directors has authorized
the Company to recommence its share repurchase program with an approval to purchase up to $600,000
of its common shares. The $600,000 program would normally be reduced by the amount of any cash
dividend payments made to its shareholders; however, the Board did not commit to recommencing its
quarterly cash dividend, which it suspended along with its share repurchase program in May 2020 and
April 2020, respectively, due to the COVID-19 pandemic.
The Company currently has bank approval for up to $600,000 of share repurchases and cash dividend
payments under its current lending agreement and is in the process of increasing the amount to $850,000
in connection with the extension of its line of credit agreement with its primary lender. The Company
expects to have the extension completed by the end of the current second quarter.
Mitchell Binder, President and CEO of Orbit International commented, “Based on the improved outlook
regarding the COVID-19 pandemic and the continued stability of our financial condition, I am pleased
to report that our Board of Directors has authorized the Company to recommence our share repurchase
program. Although we are still dealing with some of the pandemic’s effects, our concern for any related
long-term consequences has been reduced.”
Orbit International Corp., through its Electronics Group, is involved in the development and manufacture
of custom electronic device and subsystem solutions for military, industrial and commercial applications
through its production facility in Hauppauge, New York. Orbit’s Power Group, also located in
Hauppauge, NY, designs and manufactures a wide array of power products including AC power supplies,
frequency converters, inverters, VME/VPX power supplies as well as various COTS power sources.
On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (COVID-
19) a global pandemic and recommended containment and mitigation measures worldwide. The
Company was classified as an essential business by New York State and therefore was exempt from the
state’s mandate that all non-essential businesses close their business locations until further notice. In
addition, as a member of the Defense Industrial Base (“DIB”), the Company is mandated by the Secretary
of Defense to continue to provide the essential products and services required to meet national security

commitments to the Federal Government and the U.S. Military. The Company remains open while
following guidance from the Centers for Disease Control (“CDC”) to best protect our employees. At this
time, the length and severity of the COVID-19 pandemic is still unknown.
Certain matters discussed in this news release and oral statements made from time to time by
representatives of the Company including, 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
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
reports posted with the OTC Disclosure and News service. 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.

David Goldman
Chief Financial Officer