EDO DECLARES QUARTERLY CASH DIVIDEND

NEW YORK - February 17, 2004 - The Board of Directors of EDO Corporation (NYSE:EDO) today declared a regular quarterly cash dividend on the company’s common stock of $0.03 per share, payable on April 2, 2004 to shareholders of record at the close of business on March 5. This will be the company’s 29th consecutive quarterly dividend payment.

Chairman of the Board James M. Smith stated that the dividend payout is reviewed periodically, with the objective of enhancing shareholders' return on investment consistent with the company's profitability and capital requirements.

EDO provides military products and professional services to the United States and allied governments, and their prime defense contractors. The company also has a number of commercial product lines.

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. EDO is a technology-driven company, with core competencies in a wide range of critical defense-mission areas, including:

Defense Electronics
Aircraft Armament
Undersea Warfare
Professional Services
C4I – Command, Control, Communications, Computers, and Intelligence
Integrated Composite Structures

EDO (www.edocorp.com) was founded in 1925, and is headquartered in New York City. The company employs 2,700 people.

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