FOR IMMEDIATE RELEASE
60 East 42nd Street, Suite 5010, New York, NY 10165, 212-716-2000
	Company Contact: William J. Frost Vice President - Administration (212) 716-2000 investor.relations@edocorp.com

EDO CORPORATION RECEIVES $24.8 MILLION CONTRACT TO DEVELOP THE WEAPON DELIVERY SYSTEM FOR THE JOINT STRIKE FIGHTER (JSF) PROGRAM

NEW YORK, NEW YORK - January 9, 2002 - EDO Corporation (NYSE:EDO) announced today receipt of a contract in the amount of $24.8 Million from the prime contractor, Lockheed Martin Aeronautics Co. for the design, development and manufacture of a suite of pneumatic weapon delivery systems for the Joint Strike Fighter (JSF). EDO's Suspension and Release Equipment System (S&RE) provides a required capability for the JSF System Development and Demonstration (SDD) aircraft that Lockheed will provide to the U.S. Air Force.

Design and development will be performed by EDO at its Marine and Aircraft Systems located in Amityville, NY. Production of the SR&E will extend through 2026.

"EDO is fully committed and ready to help make the JSF program a success," said James M. Smith, President and Chief Executive Officer of EDO Corporation. "EDO is proud to be part of the Lockheed Martin Aeronautics Co, Northrop-Grumman and BAE System team and stands ready to execute the program. Our position on the JSF team is a strategic milestone, and once again demonstrates how EDO's investment in leading edge research and development yields long term benefits. This program, which is expected to exceed $1 Billion for EDO over the next 25 years, will solidify a stable business base for the company."

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, aircraft weapons storage and release systems, airborne mine countermeasure systems, integrated combat systems and sonar systems and professional, operational, technical and information technology services. EDO's Space and Communication Segment addresses the needs of the remote sensing, communication, navigation, and electronic warfare industries with ultra-miniature electronics 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.

Forward Looking Statements
This press release contains statements that 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 projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, 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.

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