Business Services Industry
EDO Increases Revolving Credit Facility to $200 Million
Business Wire, Dec 23, 2002
Business Editors
NEW YORK--(BUSINESS WIRE)--Dec. 23, 2002
EDO Corporation (NYSE:EDO) announced today that it has increased its credit facility by $60 million to a total of $200 million, in accordance with the terms of the credit agreement announced on November 8, 2002.
About EDO Corporation
EDO Corporation (www.EDOcorp.com) supplies highly engineered products for governments and industry worldwide, including advanced electronic, electromechanical and information systems and engineered materials critical to the mission success of its customers. The Company's Defense Segment provides integrated front-line war fighting systems, including radar countermeasure systems, reconnaissance and surveillance systems, aircraft weapons suspension and release systems, airborne mine countermeasures systems, and integrated combat systems and sonar systems and professional, operational, technical and information technology services. EDO's Communications and Space Products Segment addresses the needs of the remote sensing, communication, navigation, and electronic warfare industries with ultra-miniature electronics and systems and a broad line of antennas. The Company's Engineered Materials Segment supplies piezoelectric and advanced composites for the communication, navigation, chemical, petrochemical, paper and oil industries, for civilian infrastructure and military applications.
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