EDO CORPORATION AWARDED U.S. NAVY CONTRACT VALUED UP TO $58 MILLION FOR SONAR TRANSDUCER ARRAY.

EDO Corporation (NYSE:EDO) has been awarded a contract to provide AN/SQS-53C sonar arrays to the Naval Sea Systems Command ("NAVSEA") for use on U.S. Navy warships, including the Arleigh Burke Class guided missile destroyers. EDO's initial contract is approximately $6.3 million. If all options in the contract are exercised at the maximum quantity and amount, the total value of the contract would increase to approximately $58 million.

The SQS-53C sonar array is part of the AN/SQQ-89 undersea warfare combat system. EDO will provide the complete sonar array including piezoelectric ceramic materials, transducers, array frames and associated cable assemblies. EDO's high power transducers form the key active sensor used to detect, classify and localize underwater threats to U.S. naval forces.

EDO Electro-Ceramic Products, Salt Lake City, UT will perform the work under the contract. Initial deliveries are scheduled into 2005. If all options are exercised, deliveries will extend to approximately 2010.

"This award by NAVSEA, one of our longest and most valued customers, is particularly rewarding because it reaffirms our extensive heritage and capabilities in designing, manufacturing and supporting sonar transducers and arrays for the U.S. Navy," said James M. Smith, President and Chief Executive officer of EDO Corporation. "This contract represents continued expansion of our position in supplying quality, high performance sensors and sensor systems for use in our nation's defense."

EDO Corporation (www.edocorp.com) supplies highly engineered products for governments and industry worldwide, including advanced electronic, electromechanical and information systems and engineered materials critical to the mission success of its customers. The Company's Defense Segment provides integrated front-line war fighting systems, including radar countermeasure systems, aircraft weapons storage and release systems, airborne mine countermeasure systems, and integrated combat systems and sonar systems and professional, operational, technical and information technology services. EDO's Space and Communication Segment addresses the needs of the remote sensing, communication, navigation, and electronic warfare industries with ultra-miniature electronics and a broad line of antennas. The Company's Engineered Materials Segment supplies piezoelectric and advanced composites for the communication, navigation, chemical, petrochemical, paper and oil industries, for civilian infrastructure and military applications.