Defence contractor adds Lincoln space.EDO Corporation EDO Corporation (NYSE: EDO) is an American company that designs and manufactures products for defense, intelligence, and commercial markets, and provides related engineering and professional services. It employs 4,000 people worldwide and had revenues of $715 million in 2006. , a major U.S. defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense
armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; , has expanded its New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of offices again by leasing the entire 51st floor, comprising more than 12,000 s/f, at The Lincoln Building The Lincoln Building is an office building located on 60 East 42nd Street in New York City, opposite Grand Central Terminal. It was completed in 1930. The architect was James Edwin Ruthvin Carpenter. It is 673 feet (205 meters) tall with 53 stories and built in neo-gothic style. .
The decision to lease additional space in the building, the site of EDO's headquarters, resulted from internal expansion.
EDO's ten-year lease is effective on August 1, 2004. The company, which has been headquartered in the building for many years, currently occupies over 18,000 square feet.
"When good tenants renew leases and take more space, we know we're doing a good job," says Brian Waterman, executive vice president, Newmark & Company Real Estate, The Lincoln Lincoln, city and district, England
Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. Building's managing and leasing agent. "EDO Edo: see Tokyo, Japan. is a case in point."
EDO, which was founded in 1925, employs 2,700 people. In 2003, Fortune Magazine included EDO on its list of the 100 fastest growing companies.
EDO's expansion closely follows York International's leasing of an entire floor in the building. Several other prominent companies will join the building's already prestigious tenant roster in the fall, including Pfizer and Sun Life Financial.
"It's clear that our massive capital improvement program, in combination with our long-term, financially-stable ownership and excellent location, is a magnet for quality tenants," comments Mr. Waterman.
Located at 60 East 42nd Street, directly across from Grand Central Terminal, the 55-story Lincoln Building is one of the most prestigious addresses in the Grand Central District.
It offers direct underground access to Grand Central Terminal as well as to the 4, 5, 6, 7 and Times Square shuttlesubway lines.
Part of the W&H Properties portfolio, The Lincoln Building is owned by Lincoln Building Associates, a partnership led by Peter L. Malkin.