Press Release - May 13, 2003

EDO AWARDED $3.6 MILLION NAVY ANTENNA CONTRACT

NEW YORK - May 13, 2003 - EDO Corporation (NYSE:EDO) has received an initial $3.6 million contract from Naval Sea Systems Command (NAVSEA) to manufacture radar antenna equipment. The antennas will be used on the U.S. Navy's Arleigh Burke DDG-51 class guided-missile destroyers. Initial deliveries will begin in approximately 24 months. If all options are exercised, the full value of the contract would be approximately $8.4 million.

The EDO antennas are an integral part of the Navy's AN/SPS-67 (V) 3 radar system. This Class A, C-band radar provides high-performance surface surveillance and navigation capabilities. Its ability to detect buoys and small obstructions makes it especially useful in navigating congested harbors. Although primarily designed for surface navigation, the radar system can also detect low-flying missiles.

"EDO has demonstrated to the Navy that we have the expertise to handle this critical project," said James M. Smith, EDO's chief executive officer. "We will draw on the in-depth design and development experience gained from two related SPS-67 antenna projects that have been successfully completed during the past ten years."

The antenna equipment will be manufactured by EDO's Antenna Products & Technologies (AP&T) division at its Deer Park, N.Y. facility. EDO AP&T designs and manufactures state-of-the-art antenna products for military airborne, shipboard and ground-base applications from the 1 MHz to 40 GHz frequency range.

EDO Corporation provides military products and professional services to the United States and allied governments, and their prime defense contractors. EDO focuses on systems and subsystems that are integral to the success of long-term military platforms, such as the B-1B bomber, the F/A-22, the Joint Strike Fighter, and the Comanche Helicopter. Examples of the company's highly engineered products include aircraft weapon-release systems, ship and aircraft self-protect systems, and high-performance composite structures. The company also has a number of high-performance commercial product lines. An aggressive acquisition program is diversifying the base of major platforms and customers. EDO is at the core of the transformation to a lighter, faster, and smarter national defense capability.

Forward-Looking Statements
Certain statements made in this release, including statements about future sales, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 and services, product mix, the timing of customer orders and deliveries, the impact of competitive products and services and pricing, and other risks discussed from time to time in the company's Securities and Exchange Commission 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.

Contact:
William A. Walkowiak, CFA
Director of Investor Relations
(212) 716-2038
ir@edocorp.com