EDO Receives Contract for Sonobuoy Launcher

EDO Corporation (NYSE: EDO) has been selected to design
and develop the sonobuoy-launcher system for the U.S. Navy's new P-8A
Multi-mission Maritime Aircraft. The contract was awarded by the
Boeing Company (NYSE: BA), which was selected by the Navy as the P-8A
prime contractor in June 2004.
   The initial contract includes system design and development,
acceptance/qualification testing, documentation, and training courses,
and is valued at approximately $12.7 million. It will extend for
approximately 50 months and has options for additional system design
and development units.
   "This contract is the first step of a significant long-term
production opportunity," said CEO James M. Smith. "The expected U.S.
sales of approximately 120 aircraft could generate more than $100
million for EDO. In addition, foreign sales are estimated at more than
twice that amount. This success is a direct result of our
industry-leading development of pneumatic-release technology."
   The new sonobuoy launcher will incorporate EDO's highly reliable
pneumatic-ejection system, which offers a number of advantages over
pyrotechnic-cartridge ejection technology, including reduced
maintenance expenses.
   A sonobuoy is an electronic sensor dropped into the ocean by an
antisubmarine aircraft, such as the P-8A. These sensors provide data
required for aircrews to detect, localize and destroy submerged
submarines.
   EDO has formed a strong team including an Italian supplier for the
sonobuoy-launcher mechanism and control assembly. This key alliance
will be beneficial in introducing the system into the European market.
   EDO Corporation designs and manufactures a diverse range of
products for the defense industry and commercial markets, and provides
related engineering and professional services.
   Major product groups include: Defense Electronics, Communications,
Aircraft Armament, 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. The company employs 2,700 people and had revenues of
$536 million in 2004.

   Forward-Looking Statements

   Certain statements made in this release, including statements
about future sales, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements are based on current expectations, estimates and
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assumptions made by management. These statements are not guarantees of
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described above and the following: changes in demand for the company's
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such statements could be affected by general industry and market
conditions and growth rates, 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.