Press Release - June 12, 2003

EDO WINS INITIAL SUBCONTRACTS VALUED AT $5.6 MILLION FOR
U.S. COAST GUARD RESCUE 21 PROJECT

NEW YORK - June 12, 2003 - EDO Corporation (NYSE:EDO) has been awarded subcontracts for initial phases of the Coast Guard's National Distress and Response System Modernization Project, renamed Rescue 21. The initial contracts are valued at $5.6 million, with a potential value of approximately $25 million over the life of the project.

Rescue 21 is intended to modernize equipment used to locate and rescue distressed vessels along the U.S. coastline and major interior waterways. When fully implemented, EDO will provide the interference mitigation subsystem for more than 300 radio towers and 657 Coast Guard vessels.

Interference mitigation primarily involves canceling interference from other radio signals in adjacent channels. This improves the Rescue 21 system's ability to precisely locate a distressed ship by means of a radio signal, even of very short duration.

General Dynamics Decision Systems, the prime contractor and systems integrator for Rescue 21, awarded EDO the subcontract for the radio tower equipment. BAE SYSTEMS, which is providing the vessel communication systems, awarded EDO the corresponding subcontract for interference mitigation equipment on the Coast Guard ships.

"Interference mitigation and related communications subsystems have been a part of our core business for several decades," said James M. Smith, EDO's chief executive officer. "We are proud to be providing this key enabling technology for Rescue 21, as well as in other homeland security and military service communications systems."

The technical requirements of the contract include program management and engineering services for the development of the Cosite Interference Mitigation Subsystems (CIMS). EDO's Communications and Countermeasures Systems division, formerly American Nucleonics Corporation, will produce the CIMS units at its Simi Valley, Calif., facility. Equipment deliveries will begin in the second half of 2003 and, when fully implemented, extend into 2006.

EDO Corporation provides 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.

EDO was founded in 1925, and is headquartered in New York City. The company had revenues last year of $329 million, and employs more than 2,600 people.

About BAE SYSTEMS
BAE SYSTEMS is a systems company, innovating for a safer world. BAE SYSTEMS employs nearly 100,000 people including Joint Ventures, and has annual sales of around $18 billion. The company offers a global capability in air, sea, land and space with a world-class prime contracting ability supported by a range of key skills. BAE SYSTEMS designs, manufactures and supports military aircraft, surface ships, submarines, space systems, radar, avionics, communications, electronics, guided weapon systems and a range of other defense products. BAE SYSTEMS is dedicated to making the intelligent connections needed to deliver innovative solutions.

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