EDO Receives $55 Million Order to Support Ballistic Missile Defense System

Business Wire, Sept 28, 2007

NEW YORK -- EDO Corporation (NYSE: EDO) has been awarded a new task order with a ceiling value of $55 million for evaluation and assessment support of the Ballistic Missile Defense System (BMDS). The work has a specified period of performance from October 2007 through December 2011.

"EDO's Professional and Engineering Services Sector has been supporting this program for more than 10 years," said James M. Smith, EDO's chief executive officer. "This competitive win will nearly double our current level of support to the BMDS Operational Test Agency (OTA) Team. This multi-service team is responsible for providing an independent, operational assessment of the BMDS to defend the United States, its deployed forces, friends and allies against ballistic missiles of all ranges and in all phases of flight."

EDO and its subcontractors will provide various professional services to the Army Evaluation Center, including performance analysis, test planning and execution, modeling and simulation, and data management. The primary support locations will be in Huntsville, Ala., Colorado Springs, Colo., and Aberdeen, Md., as well as extensive world-wide deployment requirements.

EDO Corporation designs and manufactures a diverse range of products for defense, intelligence, and commercial markets. Major product groups include: Professional and Engineering Services, Defense Electronics, Communications, Aircraft Armament Systems, Undersea Warfare, and Integrated Composite Structures. 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 4,000 people worldwide. The company was founded in 1925 and had revenues of $715 million in 2006. On September 17, EDO announced that it has reached an agreement to be acquired by ITT Corporation by early 2008.