EDO Receives Additional Warlock Contract.Business Editors NEW YORK--(BUSINESS WIRE)--March 2, 2004 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. ) has been awarded an additional $6.8 million contract for Warlock Green electronic counter-measure devices. An announcement by the Pentagon on March 1 disclosed the following information: "EDO Communication and Countermeasures, Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. , Calif., was awarded on Feb. 27, 2004, a $6,753,000 increment as part of a $45,287,633 firm-fixed-price contract for 132 Warlock Green electronic countermeasure devices. Work will be performed in Simi Valley, Calif., and is expected to be completed by Jan. 31, 2006. Contract funds will not expire at the end of the current fiscal year. This was a sole-source contract initiated on Nov. 24, 2003. The U.S. Army Communications-Electronics Command, Fort Monmouth Fort Monmouth is a United States Army installation in Eatontown, Tinton Falls and Oceanport, New Jersey, and about one mile from the Atlantic Ocean. The base covers nearly 1,126 acres of land, from the Shrewsbury River west to Route 35, called Main Post. , N.J., is the contracting activity (W15P7T-04-C-L001)." "EDO is prepared meet the U.S. military's urgent need for this life-saving equipment," said James M. Smith, EDO's chief executive officer. "We take this responsibility very seriously, and have given this project our highest priority." EDO Corporation provides military and commercial products and professional services, with core competencies in a wide range of critical defense areas, including: -- Defense Electronics -- Aircraft Armament -- Undersea Warfare -- Professional Services -- C4I C4I Command, Control, Communications, Computers, & Intelligence (US DoD) C4I Command Control Communications Computer and Intelligence - Command, Control, Communications, Computers, and Intelligence -- Integrated Composite Structures 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 had revenues last year of $461 million, and employs 2,700 people. Forward-Looking Statements Certain statements made in this release, including statements about future revenue, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: changes in demand for the company's products and services, product mix, the timing of customer orders and deliveries, the impact of competitive products and services and pricing, and other risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion