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 AWARDED $11.4 MILLION FOR B-1B BOMBER SUSTAINMENT AND PERFORMANCE IMPROVEMENTS

NEW YORK, NEW YORK - June 13, 2002 - EDO Corporation (NYSE:EDO) announced today that it has recently been awarded contracts, together valued at $11.4 million, from Warner Robins Air Logistics Center to provide continuing support and performance improvement of the AN/ALQ-161A Electronic Countermeasures System for the U. S. Air Force fleet of B-1B aircraft. The ALQ-161A is the B-1B's electronics defense system which helps protect the aircraft from enemy air and ground attack.

The contract runs through June 2003 and will be performed by EDO's Electronic Systems Group, located in Deer Park, New York. This contract increases the total 2002 new awards for B-1B support services to $21 million.

"The ALQ-161, which has undergone sustained and effective hardware and software improvement, is a candidate for continued upgrade and support improvements for the life of the B-1B," said James M. Smith, Chairman and Chief Executive Officer of EDO Corporation. "Our total revenue from the B-1B program for development and production has exceeded $4 billion since the program's inception in the early 1980's. We anticipate additional orders for this program during the remainder of 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, aircraft weapons storage and release systems, airborne mine countermeasure systems, and 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 Statement
This press release contains statements that are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended. 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 SEC 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.

#3023