ORBIT/FR, Inc. Announces Stock Buy-Back

Apr 02, 2001, 01:00 ET from ORBIT/FR, Inc.

    HORSHAM, Pa., April 2 /PRNewswire/ -- ORBIT/FR, Inc. (Nasdaq:   ORFR),
 reports today that its Board of Directors has authorized a purchase of up to
 300,000 of its common shares in the open market or negotiated transactions
 from time to time, subject to customary consents.  "With the current weakness
 in the stock price we see this as a strong investment opportunity," stated
 David Bernstein, President of ORBIT/FR.
     ORBIT/FR, Inc. develops, markets and supports sophisticated automated
 microwave test and measurement systems for the wireless communication,
 satellite, automotive and aerospace/defense industries.
 
     Except for historical information, the matters discussed in this news
 release may be considered "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.  Such statements include
 declarations regarding the intent, belief or current expectations of the
 Company and its management.  Prospective investors are cautioned that any such
 forward-looking statements are not guarantees of future performance and
 involve a number of risks and uncertainties that could materially affect
 actual results.  Such risks and uncertainties are identified in the Company's
 reports and registration statements filed with the Securities and Exchange
 Commission, including its Annual Report on Form 10-K for the year ended
 December 31, 2000 and Forms 10-Q.
 
 

SOURCE ORBIT/FR, Inc.
    HORSHAM, Pa., April 2 /PRNewswire/ -- ORBIT/FR, Inc. (Nasdaq:   ORFR),
 reports today that its Board of Directors has authorized a purchase of up to
 300,000 of its common shares in the open market or negotiated transactions
 from time to time, subject to customary consents.  "With the current weakness
 in the stock price we see this as a strong investment opportunity," stated
 David Bernstein, President of ORBIT/FR.
     ORBIT/FR, Inc. develops, markets and supports sophisticated automated
 microwave test and measurement systems for the wireless communication,
 satellite, automotive and aerospace/defense industries.
 
     Except for historical information, the matters discussed in this news
 release may be considered "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.  Such statements include
 declarations regarding the intent, belief or current expectations of the
 Company and its management.  Prospective investors are cautioned that any such
 forward-looking statements are not guarantees of future performance and
 involve a number of risks and uncertainties that could materially affect
 actual results.  Such risks and uncertainties are identified in the Company's
 reports and registration statements filed with the Securities and Exchange
 Commission, including its Annual Report on Form 10-K for the year ended
 December 31, 2000 and Forms 10-Q.
 
 SOURCE  ORBIT/FR, Inc.