EDO Receives $17.2 Million Contract for F-22 Aircraft Armament System.NEW YORK -- EDO Corporation (NYSE NYSE See: New York Stock Exchange : EDO Edo: see Tokyo, Japan. ) has been awarded a contract from Lockheed Martin Aeronautics Company (NYSE: LMT LMT left mentotransverse (position of fetus). ) for continued production of its LAU-142/A AMRAAM AMRAAM Advanced Medium-Range Air-to-Air Missile Vertical Ejection Launcher, or AVEL A`vel v. t. 1. To pull away. Yet are not these parts avelled. - Sir T. Browne. , for the F-22 Raptor. This latest order, at a value not to exceed a $17.2 million, covers production of up to 24 Lot-6 aircraft. Production Lot-6 will bring the total number of F-22 aircraft under order to 131; all of which are equipped with the AVEL. These aircraft are slated for delivery to the Air Force in 2008. EDO's breakthrough design addresses the need to carry and eject missiles from within concealed weapon bays. The AVEL's rapid ejection rate minimizes the time the weapon-bay doors are open therefore maintaining the fighter's stealth characteristics. It also ejects at the precise angle and velocity needed to optimize missile guidance and avoid interfering with the aircraft's maneuvers at supersonic speeds. The AVEL employs a highly reliable pneumatic-ejection system controlled by the aircraft's stores-management system. "The AVEL is an example of the type of highly-engineered technology that is central to our growth strategy," said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. James M. Smith. "In addition to the new F-22 platform, EDO provides aircraft-armament equipment for many of the leading fighter jets in use today, including the F-15, F-16, and F/A-18. The company is also developing an internal launcher for the F-35 Joint Strike Fighter which is in development, as well as ejection systems for the Navy's new P-8A Multi-mission Maritime Aircraft." EDO Corporation designs and manufactures a diverse range of products for defense, intelligence, and commercial markets, and provides related engineering and professional services. Major product groups include: Defense Electronics, Communications, Aircraft Armament Systems, Undersea Warfare, and Integrated Composite Structures. EDO's advanced systems are at the core of the transformation to lighter, faster, and smarter defense capabilities. EDO (www.edocorp.com) was founded in 1925 and is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The company employs 3,000 people and had revenues of $536 million in 2004. |
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