EDO WINS CONTRACTS VALUED AT $7.3 MILLION FROM NORWEGIAN NAVY

NEW YORK - January 14, 2004 - EDO Corporation (NYSE:EDO), through successful international competitions, has won two contracts from the Royal Norwegian Navy totaling $7.3 million. The larger contract is to upgrade the communications and data-link systems on the ULA-class submarines. The second is a follow-on contract for continued engineering support of the EDO-built command and control information systems on Norwegian Coast Guard ships.

Under the submarine contract, EDO will provide engineering, manufacturing, and integration services to deliver Open Systems Architecture (OSA) tactical data-link systems. EDO will also upgrade the existing submarine communications systems to provide new line-of-sight, over-the-horizon, and satellite data communications capabilities, allowing interoperability with all NATO forces. Information from EDO’s data-link system will be fully integrated with the submarine’s on-board command and control system to give the crew a common operational picture that will be distributed throughout the submarine.

"EDO continues to expand its services to the Norwegian military," said James M. Smith, EDO's chief executive officer. "As an integrator of command and control communications systems and a leader in electronic support measures technology, we provide the ‘eyes and ears’ for many NATO military platforms. We are pleased that the Royal Norwegian Navy has again turned to us for this transformational technology."

EDO’s Combat Systems Division, located in Chesapeake, Va., will serve as the prime contractor to the Norwegian Navy. EDO CSD specializes in manufacturing and integrating C4ISR (Command, Control, Communications and Computers, Intelligence, Surveillance, and Reconnaissance) systems based on the U.S. Navy OSA standard.

EDO Corporation provides military products and professional services to the US, UK, and other 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, the Los Angeles and Virginia-class submarines, 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 lighter, faster, and smarter defense capabilities.

EDO (www.edocorp.com) was founded in 1925, and is headquartered in New York City. The company employs 2,800 people.

Forward-Looking Statements
Certain statements made in this release, including statements about future revenue, 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, the company's ability to successfully make and integrate acquisitions, 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