EDO Receives Orders for Fighter-Jet Test Units Totaling $8.1 Million

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Feb. 1, 2005--EDO Corporation (NYSE:EDO) has been awarded a follow-on task order by the U.S. Air Force and new contracts from certain foreign militaries for a total of 102 AN/PLM-4 flight-line test units. The value of the combined orders is approximately $8.1 million, with delivery to be completed by the end of 2005.
    The EDO AN/PLM-4 is a portable radar-signal simulator designed to test the radar-warning receivers onboard fighter jets and other military aircraft. It has become the U.S. Air Force's most effective way of testing the radar-warning systems before takeoff, as well as during routine maintenance. In addition to the flight-line version, the radar-signal simulator is available in configurations for laboratory, shipboard and vehicle testing.
    "Pilots must be confident that their defensive electronics are fully functional before a mission. Our system gives them that assurance," said James M. Smith, EDO's chief executive officer.
    The AN/PLM-4 is significantly smaller and lighter than previously available equipment. It also handles the full range of necessary tests in one self-contained package. This gives it substantial benefits in an operating environment, where speed is critical. Smith added that "as these benefits are recognized, our PLM-4, the standard for the U.S. Air Force, continues to expand its domestic and international customer base."
    Since this product line was introduced in 1998, EDO has now received orders for more than 620 AN/PLM-4 systems in various configurations from both foreign and domestic customers. Domestic customers include the Air Force, Navy, and Army, as well as many of the prime defense contractors. Foreign customers include the governments of Canada, Australia, Israel, Brazil, South Korea, and Thailand. To date, more than 550 of these systems have been delivered.
    Other EDO business areas include a diverse range of products for the defense industry and commercial markets, and related engineering and professional services. Major product groups include: Aircraft Armament, Defense Electronics, Communications, Undersea Warfare, and Integrated Structures. EDO's advanced systems are at the core of the transformation to lighter, faster, and smarter defense capabilities.
    EDO Corporation (www.edocorp.com) was founded in 1925 and is headquartered in New York City. The company had revenues in 2003 of $461 million and employs 2,700 people.

    Forward-Looking Statements

    Certain statements made in this release, including statements about future sales, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: changes in demand for the company's products and services, product mix, the timing of customer orders and deliveries, the impact of competitive products and services and pricing, and other risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

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CONTACT: EDO Corporation William A. Walkowiak, CFA 212-716-2038 ir@edocorp.com

KEYWORD: NEW YORK INDUSTRY KEYWORD: AEROSPACE/DEFENSE GOVERNMENT AIRLINES TRANSPORTATION MANUFACTURING MARKETING AGREEMENTS SOURCE: EDO Corporation

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