EDO Corporation receives contracts valued at $10.6 million.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. (NYSE NYSE See: New York Stock Exchange :EDO Edo: see Tokyo, Japan. ) announced recently that its EDO Reconnaissance and Surveillance Systems has been awarded the following contracts valued collectively at $10.6 million: a $2.1 million contract from Raytheon Corporation for the development of a new generation microwave tuner, a $3.3 million contract from Warner Robins Warner Robins, city (1990 pop. 43,726), Houston co., central Ga., in an agricultural region; inc. 1943. The surrounding area yields peanuts, grain, fruit, and livestock. Air Logistics Center for multi trace indicators, antennas and associated spares and repairs, a $3.3 million contract from Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. in support of U.S. Navy P-3 aircraft and $1.9 million in contracts from the U.S. Navy and an international customer for additional antennas and support. EDO Reconnaissance and Surveillance Systems will perform the work at its Morgan Hill, CA facilities. "With the addition of these new contracts, the total of contract awards received by EDO Reconnaissance and Surveillance Systems since the acquisition of the business from Condor Systems, Inc. approximates $34 million," said James M. Smith, Chairman and Chief Executive Officer of EDO Corporation. "This reinforces our convictions of the value this business brings to EDO." EDO Corporation (www.EDOcorp.com) supplies highly engineered products for governments and industry worldwide, including advanced electronic, electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). 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, reconnaissance and surveillance systems, aircraft weapons suspension and release systems, airborne mine countermeasures systems, and integrated combat systems and sonar systems and professional, operational, technical and information technology services. EDO's Communications and Space Products Segment addresses the needs of the remote sensing, communication, navigation, and electronic warfare industries with ultra-miniature electronics and systems and a broad line of antennas. The Company's Engineered Materials Segment supplies piezoelectric The property of certain crystals that causes them to produce voltage when a mechanical pressure is applied to them such as sound vibrations. This technique is used to build crystal microphones, phonograph cartridges and strain gauges, all of which turn mechanical movement into voltage. and advanced composites for the communication, navigation, chemical, petrochemical, paper and oil industries, for civilian infrastructure and military applications. |
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