Press Release - July 28, 2003

ADMIRAL NEWSOME TO LEAD
EDO's RECONNAISSANCE AND SURVEILLANCE SYSTEMS BUSINESS UNIT

NEW YORK - July 28, 2003 - EDO Corporation (NYSE:EDO) has named Rear Admiral Larry "Don" Newsome, who recently retired from the U.S. Navy, as vice president and general manager of its Reconnaissance and Surveillance Systems business unit, located in Morgan Hill, Calif. The appointment is effective as of Sept. 2.

"Admiral Newsome brings to EDO a distinguished military-service career combined with outstanding organizational ability and management skills," said James M. Smith, EDO's chief executive officer. "In addition to his active-service record, Don has more than 20 years experience in managing Navy programs and technology, including foreign military sales and export licenses. We are very fortunate to have him join the EDO team, as we strive to expand our role in the defense industry, both domestically and internationally."

Most recently, Newsome served as Deputy Assistant Secretary of the Navy, where he was responsible for international programs for the Navy, Marine Corps, and Coast Guard. His responsibilities included foreign military sales, security assistance, international cooperative programs, disclosure, export licenses, and technology transfer. He managed a budget of several hundred million dollars and supervised more than 200 people. Prior to that, he has served in various executive positions, including Program Executive Officer, where he managed an annual budget of several billion dollars in procurement, and research and development funds.

Newsome has received numerous decorations for his military service. These include the Distinguished Service Medal, Legion of Merit (five awards), Meritorious Service Medal (three awards), Joint Service Commendation Medal, Vietnam Service Medal, and Vietnam Campaign Medal.

Newsome's educational background includes a doctorate of business administration from Nova Southeastern University, a master of science degree in aeronautical engineering from the Naval Postgraduate School, and a bachelor of science degree in physics from Morehead State University.

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