UNITED  STATES
SECURITIES  AND  EXCHANGE  COMMISSION
Washington, DC  20549

FORM 10-QSB

[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
                    SECURITIES EXCHANGE  ACT  OF  1934
For the quarterly period ended 		September 30, 2001

OR
[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
       SECURITIES  EXCHANGE  ACT  OF  1934
For the transition period from 			 to

Commission file number 			0-3936


Orbit International Corp.

(Exact name of small business issuer as specified in its charter)
Delaware					   ID #	11-1826363

(State or other jurisdiction      (I.R.S. Employer Identification
 incorporation or organization)	  Number)
80 Cabot Court, Hauppauge, New York			11788
(Address of principal executive offices			    (Zip Code)
(631) 435-8300

(Issuer=s telephone number, including area code)
N/A

(Former name, former address and former fiscal year, if changed
  since last report)

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15 (d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes 	X   No ___

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDING DURING THE PRECEDING FIVE YEARS:

Check whether the issuer filed all documents and reports
required to
be filed by Sections 12, 13 or 15 (d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court.
Yes ___   No ___

APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer=s
classes of common equity, as of the latest practicable date:

November 14, 2001
	2,109,196
Transitional Small Business Disclosure Format (check one):
Yes___ No_X_













ACCOUNTANT'S REVIEW REPORT



To the Board of Directors
Orbit International Corp.


We have reviewed the accompanying consolidated balance sheet of Orbit
International Corp. and Subsidiaries as of September 30, 2001, and the
related consolidated statement of operations for the nine-month and three-month
periods ended September 30, 2001 and 2000, and the consolidated
statement of cash
flows for the nine-month period ended September 30, 2001.  These
financial statements are the responsibility of the company's management.

We conducted our review in accordance with standards established by the
American Institute of Certified Public Accountants.  A review of
interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters.  It is substantially less in scope than an audit
conducted in accordance
with generally accepted auditing standards, the objective of which is the
expression of an opinion regarding the consolidated
financial statements taken as
a whole.  Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material
modifications that should be
made to the accompanying consolidated financial statements for them to be in
conformity with generally accepted accounting principles.




GOLDSTEIN GOLUB KESSLER LLP

New York, New York

November 2, 2001
















PART I - FINANCIAL INFORMATION
ITEM - I

ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS




  September 30,     December 31,
       2001 	     2000
    (unaudited)

ASSETS

Current assets:

 Cash and cash equivalents............... 	 $   747,000       $ 1,102,000
 Investments in marketable securities....     		 3,000             3,000
 Accounts receivable (less allowance for
  doubtful accounts).....................    	   2,450,000     	   2,137,000
 Inventories ............................    	   7,341,000	   6,654,000
 Other current assets....................            108,000           104,000
 Deferred tax assets.....................		      75,000            75,000

   Total current assets..................   	  10,724,000        10,075,000

Property, plant and equipment - at cost,
  less accumulated depreciation and
  amortization...........................     	     216,000         2,024,000

Excess of cost over the fair value of
   assets acquired.......................      	     892,000     	     963,000

Other assets............................		     774,000           758,000
Deferred tax assets.....................		     275,000	     675,000


 TOTAL ASSETS............................ 	 $12,881,000       $14,495,000







See accompanying notes.












ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(continued)



         September 30,      December 31,
         2001		  2000
     (unaudited)



LIABILITIES AND STOCKHOLDERS= EQUITY

Current liabilities:

 Current portion of long-term obligations.. 		$   256,000      $  841,000
 Accounts payable..........................  		  1,519,000       1,486,000
 Accrued expenses..........................    		    690,000         858,000
 Notes payable.............................   		    911,000           -
 Deferred income...........................    		     85,000           -
 Customer advances.....................Y...		    709,000         670,000
 Accounts payable, accrued expenses and
  reserves applicable to discontinued
  operations...............................    		    722,000         758,000

Total current liabilities........         		  4,892,000       4,613,000

Deferred income...........................    		    875,000

Long-term obligations......................   		    300,000       2,664,000

   Total liabilities.......................  		  6,067,000       7,277,000

STOCKHOLDERS= EQUITY

Common stock - $.10 par value..............  		    312,000         304,000
Additional paid-in capital................. 		 24,165,000      24,165,000
Accumulated deficit.......................             (7,813,000)
 (7,401,000)

 16,664,000      17,068,000
Treasury stock, at cost....................	       (9,850,000)     (9,850,000)
  Total stockholders= equity.............. 		        6,814,000
7,218,000


TOTAL LIABILITIES AND STOCKHOLDERS= EQUITY  		$12,881,000     $14,495,000






See accompanying notes.








                ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                (unaudited)

                         Nine Months Ended       Three Months Ended
                           September 30,             September 30,
                          2001        2000         2001        2000
Net sales...........  $10,534,000 $ 8,933,000  $ 3,751,000 $ 2,992,000

Cost of sales.......    6,692,000   5,653,000    2,434,000   1,852,000



Gross profit........    3,842,000   3,280,000    1,317,000   1,140,000

Selling, general and
 administrative
 expenses...........    3,889,000   3,615,000    1,292,000   1,129,000
Interest expense....      128,000     252,000       16,000      82,000
Investment and
 other income, net..    ( 163,000) (  135,000)    ( 42,000)   ( 27,000)
Income (loss) before
 income tax 	      (  12,000) (  452,000)      51,000    ( 44,000)

Income tax 			  400,000        0             0           0

Net income (loss) before
  extraordinary item    ( 412,000) (  452,000)      51,000    ( 44,000)

Extraordinary item..         0        190,000         0           0

NET INCOME (LOSS)...  $ ( 412,000) $( 262,000)   $  51,000   $( 44,000)

Net income (loss) per
common share:
Income (loss) before
  extraordinary item
     Basic.............$ (.20)    $   (.22)      $    .02      $ (.02)
     Diluted...........$ (.20)    $   (.22)      $    .02      $ (.02)

Extraordinary item
     Basic.............$   -      $    .09       $     -       $    -
     Diluted...........$   -      $    .09       $     -       $    -

Net income (loss)
     Basic.............$ (.20)    $   (.13)      $    .02      $ (.02)
     Diluted...........$ (.20)    $   (.13)      $    .02      $ (.02)

                          See accompanying notes.









                  ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                (unaudited)

                                                    Nine Months Ended
                                                       September 30,
                                                    2001         2000

Cash flows from operating activities:
 Net income (loss) .........................  $ (412,000)     $ (262,000)
  Adjustments to reconcile net income
  to net cash (used in) operating activities:
   Depreciation and amortization...............  107,000         118,000
   Amortization of goodwill....................   71,000          72,000
   Forgiveness of debt     ....................                 (190,000)


   Deferred income.............................  (64,000)           0
   Deferred tax asset..........................  400,000            0
Changes in operating assets and liabilities:
   Accounts receivable........................  (313,000)     (1,057,000)
   Inventories................................  (687,000)     (1,232,000)
   Other current assets........................   (4,000)          6,000
   Other assets................................  (55,000)       (192,000)
   Accounts payable............................   33,000         731,000
   Accrued expenses............................ (168,000)        (47,000)
   Customer advances...........................   39,000         375,000
   Assets held for sale, net...................                   41,000
   Accounts payable, accrued expenses and
    reserves applicable to discontinued
    operations.................................  (36,000)        (93,000)


Net cash (used in) operating activities...... (1,089,000)     (1,730,000)

Cash flows from investing activities:
 Purchases of property, plant and equipment..    (19,000)        (36,000)
 Proceeds from sales of property, plant
   and equipment.............................  2,783,000             0

Net cash provided by
   (used in) investing activities............  2,764,000         (36,000)




(continued)












ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
(continued)




                                                   Nine Months Ended
                                                      September 30,
                                                   2001         2000

Cash flows from financing activities:

 Repayments of debt..........................  (2,949,000)    (522,000)
 Proceeds from debt..........................   1,000,000         0
 Net repayments of note payable..............     (89,000)		0
 Proceeds from exercise of warrants..........       8,000         0


 Net cash (used in) financing activities.....  (2,030,000)    (522,000)

NET (DECREASE) IN CASH AND
 CASH EQUIVALENTS............................    (355,000)  (2,288,000)


Cash and cash equivalents - January 1........   1,102,000    2,975,000


CASH AND CASH EQUIVALENTS B September 30.....   $ 747,000    $ 687,000




Supplemental cash flow  information:

       Cash paid for:

       Interest.............................. $   128,000  $   252,000









See accompanying notes.









ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)



(NOTE 1) B Basis of Presentation:

The financial information herein is unaudited.  However, in the opinion of
management, such information reflects all adjustments (consisting
only of normal
recurring accruals) necessary to a fair presentation of the
 results of operations for
the periods being reported.  Additionally, it should be noted
that the accompanying
condensed financial statements do not purport to contain
complete disclosures required
for annual financial statements in conformity with
 generally accepted accounting
principles.

The results of operations for the nine and three months
ended September 30, 2001
are not necessarily indicative of the results of operations
 for the full fiscal year
ending December 31, 2001.



These condensed consolidated statements should be read in conjunction with
the Company=s financial statements for the fiscal year ended December 31, 2000
contained in the Company=s Form 10-KSB.

(NOTE 2) B Sale-leaseback Transaction:

In March 2001, the Company entered into a sale-leaseback
 of its operating
facility whereby it received proceeds of $3,000,000 and entered
 into an operating
lease with an initial term expiring in 2013.  The lease may be extended by the
Company at its option through February 2025.  The Company
 used the proceeds from
the sale to pay off the amount outstanding under its existing mortgage with the
remainder used for working capital.

(NOTE 3) B Financing Arrangement:

In January 2001, the Company entered into an agreement with an asset-based
lender that provided a $1,000,000 credit facility, collateralized
by the Company=s
accounts receivable, inventory and machinery and equipment,
at an interest rate of
prime plus 1.75%.  In October 2001, the credit facility was
increased to $1,500,000.
The Company used the proceeds to pay off all amounts
outstanding under its existing
term loans, a portion of the amount outstanding under its
 existing mortgage and the
remainder will be used for working capital.  Pursuant to
 the terms of the agreement,
the Company must comply with, among other matters,
certain financial covenants which
include minimum levels of working capital and tangible net worth, as defined.



(continued)










ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
(continued)

(NOTE 4) - Income Per Share:

The following table sets forth the computation of basic and
 diluted income (loss)
per common share:
       			Nine Months Ended	  Three Months
Ended
                   	       		  September 30,	     September
30,
       					 2001      2000        2001
2000
Denominator:
 Denominator for basic
  income (loss) per share -
  weighted-average common
  shares					   2,054,000   2,026,000   2,109,000
2,026,000
Effect of dilutive securities:
 Employee and directors


  stock options					  0	        0	      18,000
	 0
 Warrants					        0           0           0
  0

Denominator for diluted
 income (loss) per share -
 weighted-average common
 shares and assumed
 conversion    				   2,054,000   2,026,000   2,127,000
2,026,000

Due to a loss recorded for the nine month periods ended September 30, 2001
and 2000, and the three month period ended September 30, 2000,
the denominator for
both basic and diluted loss per common share is the weighted-average common
shares.  There is no effect of common share equivalents as such effect would be
antidilutive.

The numerator for basic and diluted income (loss) per share for the nine and
three months ended September 30, 2001 and September 30, 2000
 is the net income (loss)
for each period.


(NOTE 5) - Cost of Sales:

     For interim periods, the Company estimates its inventory and related gross
profit.




(continued)








ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
(continued)

(NOTE 6) - Inventories:

     Inventories are comprised of the following:

                                  September 30,   December 31,
                                     2001            2000

Raw Materials..............      $ 3,354,000      $ 3,231,000
Work-in-process............        3,076,000        2,857,000
Finished goods.............          911,000          566,000
                TOTAL		   $ 7,341,000      $ 6,654,000


(NOTE 7)  -  Business Segments:



The Company operates through two business segments.  Its Electronics Segment,
through the Orbit Instrument Division, is engaged in the
 design, manufacture and sale
of customized electronic components and subsystems.
 Its Power Units Segment, through
the Behlman Electronics, Inc. subsidiary, is engaged in the design,
manufacture and
sale of distortion free commercial power units, power conversion devices and
electronic devices for measurement and display.

The Company=s reportable segments are business units that offer different
products.  The reportable segments are each managed separately
as they manufacture and
distribute distinct products with different production processes.

The following is the Company=s business segment information for the nine and
three month periods ended September 30, 2001 and 2000.

                    Nine Months Ended	       Three Months
Ended
    September 30,                 September 30,
  					   2001	     2000            2001
2000
Net sales:
   Electronics........      $ 6,149,000   $ 4,390,000	    $ 2,412,000
$1,525,000
   Power Units........
Domestic.........       3,790,000     3,834,000       1,104,000 1,267,000
Foreign..........         595,000       709,000         235,000    200,000

   Total Power Units...       4,385,000     4,543,000       1,339,000  1,467,000
Total	          $10,534,000   $ 8,933,000     $ 3,751,000
$2,992,000











ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
(continued)

         Nine Months Ended         Three Months Ended
     September 30,              September 30,
  				   2001	     2000          2001       2000

Income (loss) from
operations:
   Electronics......... $  667,000  $   222,000  $   373,000 $   164,000
   Power Units.........   (161,000)    (142,000)    (106,000)      6,000
General corporate
  expenses not
  allocated    ........   (553,000)    (415,000)    (242,000)   (159,000)
Interest expense.......	  (128,000)    (252,000)     (16,000)    (82,000)
Investment and other
  income...............    163,000 	    135,000       42,000      27,000
Income (loss) before
income taxes and


extraordinary item     $   (12,000)  $ (452,000)   $  51,000    $(44,000)


(NOTE 8)  -  Recent Accounting Pronouncements:

In July 2001, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 141, "Business Combinations" (SFAS No.
141) and Statement of Financial Accounting Standards No. 142, "Goodwill and
Other Intangible Assets" (SFAS No. 142).

SFAS No. 141 addresses financial accounting and reporting for business
combinations.  This statement requires the purchase method of accounting to
be used for all business combinations, and prohibits the
pooling-of-interests method of accounting. This statement is effective for
all business combinations initiated after June 30, 2001 and supercedes APB
Opinion No. 16, "Business Combinations" as well as FASB Statement of
Financial Accounting Standards No. 38, "Accounting for Preacquisition
Contingencies of Purchased Enterprises".

SFAS No. 142 addresses how intangible assets that are acquired individually
or with a group of other assets should be accounted for in financial
statements upon their acquisition.  This statement requires goodwill to be
periodically reviewed for impairment rather than amortized, beginning on
January 1, 2002.  SFAS No. 142 supercedes APB Opinion No. 17, "Intangible
Assets".

Pursuant to the effective date and transition stated in SFAS
142, the Company plans to
apply this pronouncement for its fiscal year beginning January 1, 2002.

(continued)









Item 2.
ORBIT INTERNATIONAL CORP. AND SUBSIDIARIES
MANAGEMENT=S DISCUSSION AND ANALYSIS OR
PLAN OF OPERATION

Material Changes in Results of Operations

Three month period ended September 30, 2001 vs. September 30, 2000

The Company currently operates in two industry segments.  Its Orbit Instrument
Division is engaged in the design and manufacture of electronic components and
subsystems (the AElectronics Segment@).  Its Behlman subsidiary
is engaged in the
design and manufacture of commercial power units (the APower Units Segment@).

Consolidated net sales for the three month period ended September 30, 2001
increased by 25.4% to $3,751,000 from $2,992,000, for the
 three month period ended
September 30, 2000, principally due to a 58.2% increase
n sales recorded from its
Electronics Segment  that was partially offset by a 8.7% decrease in sales from
its Power Units Segment.



Gross profit, as a percentage of sales, for the three months ended September
30, 2001 decreased to 35.1% from 38.1% for the three month
 period ended September
30, 2000 due to a decrease in gross profit realized by both the Electronics
Segment and Power Units Segments.  The lower gross profit realized by the
Electronics Segment and Power Units Segment was principally
 due to product mix and
lower sales, respectively.

Selling, general and administrative expenses for the three month period
ended September 30, 2001 increased by 14.4% to
$1,292,000 from $1,129,000, for the
three month period ended September 30, 2000, principally due to the charge to
income of approximately $111,000 related to due diligence and other costs
associated with a terminated potential merger with an unrelated third party, as
well as higher selling costs incurred by both the Electronics and Power Units
Segments.  Selling, general and administrative expenses,
as a percentage of sales,
for the three month period ended September 30, 2001
decreased to 34.4% from 37.7%
for the three month period ended September 30, 2000,
principally due to increased
sales during the current period.

Interest expense for the three month period ended September 30, 2001
decreased to $16,000 from $82,000 for the three month
 period ended September 30,
2000 principally due to the pay off of the outstanding balance
under the Company=s
credit facility in the first quarter of 2001 and to lower interest rates.

Investment and other income for the three month period ended September 30,
2001 increased to $42,000 from $27,000 for the three month
period ended September
30, 2000, principally due to the amortization of deferred
income realized on the
sale-leaseback of the Company=s operating facility
 completed in the first quarter
of 2001 that was partially offset by a decrease in funds
available for investment
during the current period.




As a result of the foregoing, net income for the three month period ended
September 30, 2001 was $51,000 compared to a net loss of $44,000 for the three
month period ended September 30, 2000.


Nine month period ended September 30, 2001 vs. September 30, 2000

Consolidated net sales for the nine month period ended September 30, 2001
increased by 17.9% to $10,534,000 from $8,933,000, for
 the nine month period ended
September 30, 2000, principally due to a 40.1% increase
in sales recorded from its
Electronics Segment that was partially offset by a 3.5%
decrease in sales recorded
by its Power Units Segment.

Gross profit, as a percentage of sales, for the nine months ended September
30, 2001 slightly decreased to 36.5% from 36.7% for the nine month period ended
September 30, 2000, due to a slightly lower gross profit realized by its
Electronics Segment that was partially offset by a slightly higher gross profit
realized by its Power Units Segment. The change in gross
 profit realized by both
Segments was principally due to product mix.



Selling, general and administrative expenses for the nine month period ended
September 30, 2001 increased by 7.6% to $3,889,000
from $3,615,000, for the nine
month period ended September 30, 2000, principally
due to the charge to income in
the current quarter of approximately $111,000 related
 to due diligence and other
costs associated with a terminated potential merger
with an unrelated third party
and to the write off of $103,000 of bank financing costs resulting from the pay
off of the outstanding balance under the Company=s credit facility in the first
quarter of 2001.  Selling, general and administrative
 expenses, as a percentage of
sales, for the nine month period ended September 30,
2001 decreased to 36.9% from
40.5% for the nine month period ended September 30, 2000, principally due to
increased sales during the current period.

Interest expense for the nine month period ended September 30, 2001
decreased to $128,000 from $252,000 for the nine month
 period ended September 30,
2000 principally due to the pay off of the outstanding balance under our credit
facility in the first quarter of 2001 and to lower interest rates.

Investment and other income for the nine month period ended September 30,
2001 increased to $163,000 from $135,000 for the nine month
period ended September
30, 2000, principally due to the amortization of deferred
income realized on the
sale-leaseback of the Company=s operating facility
completed in the first quarter
of 2001 that was partially offset by a decrease in funds
available for investment
during the current period.

The net loss before income tax and extraordinary item for the nine month
period ended September 30, 2001 decreased to $12,000 from the $452,000 loss
recorded for the nine month period ended September 30, 2000.  This reduced loss
was principally due to an increase in sales from the
 Company=s Electronics Segment.

During the first quarter of 2001, the Company completed the sale-leaseback
of its operating facility.  For tax purposes, the Company will
 be able to offset
the capital gain realized on the sale of the facility with its net
operating loss
carryforward.  As a result of the transaction and pursuant to Statement of
Financial Statements No. 109 Accounting for Income
Taxes@, the Company adjusted
its valuation allowance against its deferred tax asset
 thereby taking a charge of
$400,000 to income for the nine months ended September 30, 2001.

The net loss before extraordinary item for the nine month period ended
September 30, 2001 was $412,000 compared to a loss of $452,000 recorded for the
nine month period ended September 30, 2000.

In March 2000, the Company reached an agreement with the sellers of a
discontinued apparel division whereby the Company agreed to commence making
payments on a promissory note payable to such sellers
 in 2000 rather than in 2002
as was scheduled.  The agreement resulted in an extraordinary
gain of $190,000 net
of income taxes.

As a result of the foregoing, the net loss for the nine month period ended
September 30, 2001 was $412,000 compared to a loss
of $262,000 for the nine month
period ended September 30, 2000.

Material Changes in Financial Condition

Working capital increased to $5,832,000 at September 30, 2001 compared to
$5,462,000 at December 31, 2000.  The ratio of current assets to current
liabilities  remained at 2.2 to 1 at September 30, 2001 from December 31, 2000.

Net cash used in operations for the nine month period ended September 30,
2001 was $1,089,000, primarily attributable to the net loss for the period, the
increase in accounts receivable and inventory and the
decrease in accrued expenses
that was partially offset by the non-cash flow effect of the reduction in the
deferred tax asset .



 Cash flows provided by investing activities for the nine month period ended
September 30, 2001 was $2,764,000, primarily attributable
to the proceeds from the
sale of the Company=s operating facility.

Cash flows used in financing activities for the nine month period ended
September 30, 2001 was $2,030,000, primarily attributable
to repayments of long-
term debt that was partially offset by the proceeds from debt
from the new credit
facility.

All operations of the discontinued apparel companies have been terminated.
 All losses and obligations of these apparel operations have been provided for,
and accordingly, the Company does not anticipate using any
significant portion of
its resources towards these discontinued apparel operations.

In January, 2001, the Company closed on a new $1,000,000
credit facility with an
asset based lender secured by accounts receivable, inventory and machinery and
equipment of the Company.  In October 2001, the credit facility was
increased to
$1,500,000.  The agreement shall continue until January 31, 2003
and from year to year
thereafter unless sooner terminated.  Loans bear interest at the
 prime rate of the
Chase Manhattan Bank plus 1.75% per annum. In March,
2001, the Company completed a
sale-leaseback of its New York operating facility whereby
it received net proceeds of
approximately $2,800,000 and entered into a net operating
 lease with an initial term
expiring in 2013.  The proceeds of the loan and the
sale-leaseback were used to pay
off the outstanding balance under its existing credit facility (approximately
$2,756,000 at an interest rate of 1.75% above the prime
rate of interest) and the
remainder of the proceeds will be used for working capital.

The Company=s existing capital resources, including its bank credit facilities,
and its cash flow from operations are expected to be adequate
 to cover the Company=s
cash requirements for the foreseeable future.

Inflation has not materially impacted the operations of the Company.

Certain Material Trends



Up until the beginning of 2001, the Company faced a very difficult business
environment encountering significant delays in the award of
new contracts from the
U.S. Government and its prime contractors as well as industry wide funding and
pricing pressures.  In addition, due to major consolidations in the defense
industry, it became more difficult to avoid dependence on certain customers for
revenue and income.  Contract delays adversely affected revenue levels for 1999
and 2000.  However, the Company realized an increase in bookings in 2000 and
currently in 2001 and consequently, has experienced an improvement to revenue
levels in 2001.  Due to the events of September 11, 2001, the Company may be
requested to increase production of its existing product
 lines as well as realize
new business opportunities stemming from the deployment of assets by the
Department of Defense for the current military campaign.

The Company continues to seek new contracts which require incurring up-front
design, engineering, prototype and preproduction costs.  While the Company
attempts to negotiate contract awards for reimbursement of product development,
there is no assurance that sufficient monies will be set
aside by its customers,
including the United States Government, for such effort.
In addition, even if the
United States Government agrees to reimburse development
costs, there is still a
significant risk of cost overrun which may not be reimbursable.
 Furthermore, once
the Company has completed the design and preproduction stage, there is no
assurance that funding will be provided for future production.

The Company is heavily dependent upon military spending, particularly the
Department of the Navy, as a source of revenues and income.
 The U.S. Navy fleet
has been significantly reduced in the past several years thereby impacting the
procurement of equipment.  However, the current military campaign could very
likely reverse this trend.  In addition, Behlman=s line of commercial products
gives the Company some diversity and the Orbit Instrument
Division is beginning to
introduce certain of its products into commercial and foreign
markets as well as
to other agencies of the Department of Defense.




Forward Looking Statements

Statements in this Item 2 AManagement=s Discussion and Analysis of Financial
Condition and Results of Operation@ and elsewhere in this document are certain
statements which are not historical or current fact and
constitute Aforward-looking
statements@ within the meaning of such term in Section
 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking
statements involve known and unknown risks, uncertainties
and other factors that
could cause the actual financial or operating results of the Company to be
materially different from the historical results or from any future results
expressed or implied by such forward-looking statements. Such forward looking
statements are based on our best estimates of future results, performance or
achievements, based on current conditions and the most recent results of the
Company.  In addition to statements which explicitly describe such risks and
uncertainties, readers are urged to consider statements labeled with the terms
Amay@, Awill@, Apotential@, Aopportunity@, Abelieves@,
Abelief@, Aexpects@, Aintends@,
Aestimates@, Aanticipates@ or Aplans@ to be uncertain and forward-looking. 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.








PART II- OTHER INFORMATION

Item 1. Legal Proceedings
None

Item 2. Changes in Securities and Use of Proceeds
None

Item 3. Defaults Upon Senior Securities
None

Item 4. Submissions of Matters to Vote of Security Holders

None

Item 5. Other Information
None

Item 6. Exhibits and Reports on form 8-K

(a) Exhibits
None

(b) Reports on 8-K
None


























   SIGNATURES



     In accordance with the requirements of the Exchange Act,

the registrant caused this report to be signed on its behalf

by the undersigned, thereunto duly authorized.


ORBIT INTERNATIONAL CORP.
Registrant





Dated:   	November 14, 2001	    		/s/ Dennis Sunshine
Dennis Sunshine, President, Chief
						     	Executive officer and Director



Dated:   	November 14, 2001			/s/ Mitchell Binder
Mitchell Binder, Vice President-
Finance, Chief Financial Officer
and Director