Press Release - June 20, 2003

EDO WINS F/A-18 ANTENNA CONTRACT FROM BOEING

NEW YORK - June 20, 2003 - EDO Corporation (NYSE:EDO) has been awarded a $1.1 million contract by Boeing Integrated Defense Systems, based in St. Louis, for a specialized, multi-function antenna for use on the F/A-18 E/F Super Hornet strike fighter. Annual options are expected to continue for all new production aircraft, for a total program value of more than $6.0 million. First deliveries to Boeing are expected to begin in 2004.

Designated Q134, the antenna operates over a very wide bandwidth in a low radar-cross-section configuration. This technique provides for a single antenna where previously two or three were required for the same functionality. Its unique aperture design has evolved from technical innovations pioneered at EDO. The result, known as a conformal antenna, does not protrude outside the aircraft's skin. This is a requirement of the F/A-18 E/F aircraft's signature control.

"We are especially pleased to win a contract of this nature because it demonstrates our ability to add value with highly-engineered, mission-critical equipment," said James M. Smith, EDO's chief executive officer. "In this case, we are able to serve our customer with broad, multi-disciplined design and development experience in conformal apertures and sophisticated beam-forming networks."

EDO Antenna Products & Technologies unit will perform the work at its Long Island, N.Y. facility. At this location, EDO designs and manufactures more than 50,000 state-of-the-art antenna products annually for more than 400 customers for use in airborne, shipboard and ground-based applications over 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, 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 commercial product lines. A disciplined 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 (www.edocorp.com) was founded in 1925, and is headquartered in New York City. The company expects 2003 revenues to exceed $460 million, and employs 2,800 people.

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