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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EDO CORPORATION
DECLARES REGULAR QUARTERLY CASH DIVIDEND
NEW YORK, NEW YORK - May 8, 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 June 28, 2002, to shareholders of record at the close of business June 7, 2002.
James M. Smith, Chairman, President and Chief Executive Officer
of EDO Corporation, said, "The dividend payout is continually
reviewed by EDO's Board, with the objective of optimizing shareholders'
return on investment consistent with the Company's profitability
and capital requirements."
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 Communications and Space Products segment
addresses the needs of the remote sensing, communications, 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
communications, navigation, chemical, petrochemical, paper and
oil industries, for civilian infrastructure and military applications.
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