EDO Declares Quarterly Cash Dividend

The Board of Directors of EDO Corporation (NYSE: EDO)
has declared a regular quarterly cash dividend on the company's common
shares of $0.03 per share, payable on Sept. 22, 2006 to shareholders
of record at the close of business on Sept. 1, 2006. This will be the
company's 39th consecutive quarterly dividend payment.

   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, Integrated Composite
Structures, and Professional and Engineering Services. EDO's advanced
systems are at the core of the transformation to lighter, faster, and
smarter defense capabilities.

   With headquarters in New York, EDO Corporation (www.edocorp.com)
employs 3,000 people worldwide. The company was founded in 1925 and
had revenues of $648 million in 2005.