Press Release - December 23, 2003

EDO CORPORATION FILES UNIVERSAL SHELF REGISTRATION

NEW YORK -- December 23, 2003 -- EDO Corporation (NYSE: EDO) today filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission. Upon being declared effective by the SEC, the shelf registration will allow the company to offer and sell from time to time up to $500 million of its equity or debt securities. The actual amount and type of securities, or combination of securities, and the terms of those securities, will be determined at the time of sale, if such sale occurs.

"We are utilizing a universal shelf registration because it is a practical and efficient way to access the public markets, should business opportunities arise," said Fred Bassett, EDO’s chief financial officer. "While we currently have no specific plans to issue securities, filing the shelf registration is consistent with our announced acquisition/growth plan and positions us to move quickly to take advantage of business acquisition and financing opportunities when and if such conditions warrant."

The registration statement related to these securities has not yet become effective. Such securities may not be sold nor may offers to buy be accepted before the time the registration statement becomes effective, nor may sales be effected in the absence of a definitive prospectus and a prospectus supplement setting forth the terms and conditions of any specific offering of securities.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of such jurisdiction. At the time any securities covered by the registration statement are offered for sale, a prospectus supplement will be provided containing specific information about the terms of any such offering.

EDO Corporation provides military products and professional services to the United States and allied governments, and their prime defense contractors. EDO is at the core of the transformation to a lighter, faster, and smarter national defense capability.

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