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 CFO DARRELL REED ANNOUNCES RETIREMENT
FRED BASSETT TO SUCCEED

NEW YORK, NEW YORK - November 12, 2002 - EDO Corporation (NYSE:EDO) announced today that Darrell Reed, EDO's CFO since the merger with AIL Systems Inc., in 2000, announces his retirement. Fred Bassett, former CFO of Condor Systems, Inc, which was acquired by EDO in July of this year, has joined EDO's Corporate Office and will assume the positions of CFO and Vice President, Finance effective January 2, 2003. Mr. Reed will remain with EDO in a transition role through March 31, 2003 when his retirement becomes effective.

"Darrell has been a major contributor in the transition of EDO from a $100 million company in the spring of 2000 to the approximately $380 million it is today", said James M. Smith, Chairman and Chief Executive Officer. "We respect his desire to spend more time with his family who are principally located in California and we wish him the best in his retirement."

"Fred has more than twenty seven years of experience in financial management - government accounting and compliance, internal control and audit, treasury and banking and SEC reporting - in leading companies in our industry, including major defense contractors and commercial aerospace suppliers, and the U.S. Government. We are confident that he will make a rapid and smooth transition in his new roles at EDO", Smith added.

Mr. Bassett is a graduate of the University of Colorado and lives in Connecticut.

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, reconnaissance and surveillance systems, aircraft weapons suspension and release systems, airborne mine countermeasures systems, and 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, communication, navigation, and electronic warfare industries with ultra-miniature electronics and systems 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 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.