EDO Wins Contract for Submarine Navigational Sensors.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 3, 2004

EDO Corporation (NYSE: EDO) has been awarded a contract for the production of TR-302 submarine depth sounder transducers for use on attack and guided missile submarines. The $5.5 million, firm-fixed-price, indefinite-delivery supply contract was competitively procured by the Naval Undersea Warfare Center, Newport Division, Newport, R.I.

TR-302 transducers are the in-water sensor portion of an acoustic navigation system that measures the depth of water beneath the hull of the submarine. "As the previous developer and manufacturer of this critical sensor for our Navy's submarine force, EDO is particularly pleased to have been competitively selected again by the Navy," said James M. Smith, EDO's chief executive officer. "The confidence of the Navy in our ability to supply mission-critical sensors on platforms such as the new SSGN cruise-missile strike submarines underscores the strength of our technical and manufacturing capabilities."

The work will be performed by EDO's Electro-Ceramic Products unit and is expected to be completed by May 2009. EDO Electro-Ceramic Products supplies sonar equipment for antisubmarine and mine warfare, and for underwater navigation and communication for surface ships and submarines.

EDO Corporation provides military and commercial products and professional services, with core competencies in a wide range of critical defense areas, including:

-- Aircraft Armament

-- Defense Electronics

-- Undersea Warfare

-- C4I - Command, Control, Communications, Computers, and

Intelligence

-- Integrated Composite Structures

EDO (www.edocorp.com) was founded in 1925, and is headquartered in New York City. The company had revenues last year of $461 million, and employs 2,700 people.

Forward-Looking Statements

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