EDO Corp. Awarded $4.9 Million SONAR System Contract

Business Wire, Dec 22, 1997

COLLEGE POINT, N.Y.--(BUSINESS WIRE)--Dec. 22, 1997--EDO Corp. (NYSE:EDO) Monday announced that it has been awarded a $4.9 million contract to supply its Model 997 Hull Mounted Sonar system to an international navy customer.

"EDO has been supplying, installing and maintaining sonar systems internationally for many years, with an installed base of more than 90 systems worldwide," said Frank A. Fariello, chairman, president and chief executive officer of EDO. "This contract reaffirms EDO's position as a leader in the international undersea warfare industry. It also demonstrates the success of our strategy to apply our advanced underwater acoustic technology in innovative and cost-effective data acquisition, processing and display systems to support the critical mission requirements of navies around the world.

"This is the initial order for our Model 997 from this customer. We believe that follow-on orders from this customer could total up to seven additional systems," he added.

EDO Combat Systems, based in Chesapeake, Va., will manufacture and deliver the Model 997 Sonar system. The Model 997, a state-of-the-art sonar that uses commercial off-the-shelf (COTS) components and software, is the latest in a new series of active and passive sonar systems developed by EDO Combat Systems for both surface ship and submarine applications.

"The Model 997 provides our international navy customers with advanced capabilities, improved reliability and enhanced operational performance in an easy to maintain system to counter submarine threats into the 21st century," Fariello concluded.

EDO designs and manufactures advanced electro-optical, electronic, mechanical, acoustic and composite products for the defense and aerospace industries. -0-

The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties, including, without limitation, demand and competition for the company's products, and other risks or uncertainties detailed in the company's Securities and Exchange Commission filings.

CONTACT: EDO Corp., College Point

William J. Frost, 212/716-2006

http://www.edocorp.com

or

Neil G. Berkman Associates, Los Angeles

310/277-5162