EDO to Develop Control Unit for Maverick Missile

EDO Corporation (NYSE: EDO) has been selected by
Raytheon Company (NYSE: RTN) to design and develop a new electronic
control unit for the AGM-65 Maverick missile. This control unit will
enable the Maverick missile to be carried on aircraft currently not
compatible with this proven "fire and forget" weapon.
   "This contract continues our successful efforts with Raytheon to
substantially expand the range of use for the Maverick missile," said
Chief Executive Officer James M. Smith. "Our control unit will
interface with the aircraft through Raytheon's LAU-117 Dual Mode
Launcher, of which the electronics assembly was also designed and
built by EDO Corporation."
   EDO has also worked with Raytheon to integrate a GPS receiver and
digital data-link into the Maverick missile system, allowing
communication with the missile after it has been launched and
improving its range by three to five times.
   EDO Corporation is the market leader in sophisticated
aircraft-armament carriage and release systems. For decades, EDO has
provided such equipment for the world's dominant jet fighters,
including the F-15, F-16, F/A-18, Tornado and Harrier. For the F/A-22,
EDO has developed and produces the AMRAAM Vertical Eject Launcher
(AVEL), which employs the company's state-of-the-art pneumatic
ejection technology.
   EDO is currently developing pneumatic launching systems for the
F-35 Joint Strike Fighter, the Joint Common Missile, and the P-8A
Multi-mission Maritime Aircraft.
   In addition to aircraft-armament carriage and release systems, EDO
Corporation has core competencies in a wide range of critical defense
areas, including:

   --  C4 - Command, Control, Communications, and Computers

   --  Electronic Warfare

   --  Undersea Warfare

   --  Integrated Composite Structures

   --  Professional and Engineering Services

   EDO (www.edocorp.com) was founded in 1925 and is headquartered in
New York City. The company employs 2,800 people and had revenues of
$536 million in 2004.