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 DECLARES REGULAR QUARTERLY CASH DIVIDEND
NEW YORK, NEW YORK - December 4, 2002 - EDO Corporation (NYSE:EDO) today announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.03 per share, payable on January 10, 2003 to shareholders of record at the close of business on December 20, 2002.
James M. Smith, Chairman, President
and Chief Executive Officer of EDO Corporation, said that the
dividend payout is reviewed periodically by EDO's Board, with
the objective of enhancing 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, 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.