Admiral Newsome to Lead EDO's Reconnaissance and Surveillance Systems Business Unit.Business Editors NEW YORK--(BUSINESS WIRE)--July 28, 2003 EDO Corporation (NYSE NYSE See: New York Stock Exchange : EDO) has named Rear Admiral Larry "Don" Newsome, who recently retired from the U.S. Navy, as vice president and general manager of its Reconnaissance and Surveillance Systems business unit, located in Morgan Hill, Calif. The appointment is effective as of Sept. 2. "Admiral Newsome brings to EDO a distinguished military-service career combined with outstanding organizational ability and management skills," said James M. Smith, EDO's chief executive officer. "In addition to his active-service record, Don has more than 20 years experience in managing Navy programs and technology, including foreign military sales That portion of United States security assistance authorized by the Foreign Assistance Act of 1961, as amended, and the Arms Export Control Act of 1976, as amended. This assistance differs from the Military Assistance Program and the International Military Education and Training Program and export licenses. We are very fortunate to have him join the EDO team, as we strive to expand our role in the defense industry, both domestically and internationally." Most recently, Newsome served as Deputy Assistant Secretary of the Navy Assistant Secretary of the Navy (abbrev. "ASN") is the title given to certain senior officials in the U.S. Department of the Navy. They serve as chief assistants to the Secretary of the Navy (SECNAV). , where he was responsible for international programs for the Navy, Marine Corps, and Coast Guard. His responsibilities included foreign military sales, security assistance, international cooperative programs, disclosure, export licenses, and technology transfer. He managed a budget of several hundred million dollars and supervised more than 200 people. Prior to that, he has served in various executive positions, including Program Executive Officer, where he managed an annual budget of several billion dollars in procurement, and research and development funds. Newsome has received numerous decorations for his military service. These include the Distinguished Service Medal, Legion of Merit Legion of Merit n. Abbr. LM A U.S. military decoration awarded for exceptionally meritorious conduct in the performance of outstanding services. (five awards), Meritorious Service Medal The Meritorious Service Medal is a senior level military decoration presented to denote acts of non-combat meritorious service worthy of recognition. The following is a list of Meritorious Service Medals issued by various countries: Newsome's educational background includes a doctorate of business administration from Nova Southeastern University History Originally named Nova University of Advanced Technology,[7] the university was chartered by the state of Florida in 1964[8][9] as a graduate institution in the physical and social sciences. , a master of science degree in aeronautical engineering from the Naval Postgraduate School The Naval Postgraduate School is a graduate school operated by the United States Navy. Located in Monterey, California, it grants primarily master's degrees plus some doctoral degrees to its students, who are mostly active duty officers from U.S. and foreign military services. , and a bachelor of science degree in physics from Morehead State University. EDO Corporation provides military products and professional services to the United States and allied governments, and their prime defense contractors. EDO focuses on systems and subsystems that are integral to the success of long-term military platforms, such as the B-1B bomber, the F/A-22, the Joint Strike Fighter, and the Comanche Helicopter. Examples of the company's highly engineered products include aircraft weapon-release systems, ship and aircraft self-protect systems, and high-performance composite structures. The company also has a number of commercial product lines. A disciplined acquisition program is diversifying the base of major platforms and customers. EDO is at the core of the transformation to a lighter, faster, and smarter national defense capability. EDO (www.edocorp.com) was founded in 1925, and is headquartered in New York City. The company expects 2003 revenues to exceed $460 million, and employs 2,800 people. |
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