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
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FOR IMMEDIATE RELEASE |
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Company Contact: |
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EDO CORPORATION DECLARES REGULAR QUARTERLY CASH DIVIDEND
NEW YORK, NEW YORK - February 6, 2002 - EDO Corporation (NYSE:EDO) today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.03 per share, payable on March 29, 2002, to shareholders of record at the close of business March 8, 2002.
James M. Smith, President and Chief Executive Officer of EDO Corporation,
said, "EDO's Board continually reviews the dividend payout,
with the objective of optimizing shareholders' return on investment
consistent with the Company's profitability and capital requirements."
About EDO Corporation
EDO Corporation 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.
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