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EDO NAMES FRANK OTTO AS CHIEF OPERATING OFFICER
NEW
YORK - February 20, 2004 - EDO Corporation (NYSE:EDO) Chairman and Chief Executive Officer James M. Smith announced
the appointment, by the Board of Directors, of Frank W. Otto
to the position of Executive Vice President & Chief Operating Officer, effective
immediately. In this position, Otto is responsible for all EDO operations.
"We congratulate Frank on his well-earned promotion," said Smith. "In directing the integration of our recent acquisitions and our consolidated business-planning process, he has earned the respect of our customer community and our entire management team."
Otto, 54, joined EDO Corporation in 1979. He served in a number of leadership positions in the advanced-systems and engineering departments.
In 1994, Otto became the General Manager of the Marine & Aircraft Systems division now located in North Amityville N.Y. It was in this capacity that he directed the development of the AMRAAM Vertical Eject Launcher (AVEL) for the F-22 Raptor, the BRU-57/55 "Smart Bomb Racks" for the F-16 and F-18 aircraft, and positioned EDO on both the Boeing and Lockheed Martin teams as the weapons-release equipment integrator for the Joint Strike Fighter. The division also redesigned and fabricated a modified MK 105 Magnetic Sweep mine countermeasure system and developed the Shallow Water Influence Sweep (SWIMS) system for the US Navy.
In 2000, Otto was named Group Vice President of EDO’s Integrated Systems and Structures business group with responsibilities for composite structures, aircraft armament, and mine countermeasures. He was appointed Executive Vice President of the corporation in 2002.
Otto received his bachelor’s and master’s degrees in mechanical engineering from SUNY Stony Brook. Prior to joining EDO, he worked for the Grumman Aerospace Corporation.
Otto is co-chairman of the board of the Long Island Technology Network (LITNet) and a member of the Academic Advisory Council for the mechanical-engineering department at SUNY Stony Brook. He is former chairman of the board of the Long Island Forum of Technology (LIFT). He is the author and co-author of numerous papers in the fields of fluid mechanics and hydrodynamics and was an associate editor of the American Institute of Aeronautics and Astronautics (AIAA) Journal.
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:
EDO (www.edocorp.com) was founded in 1925, and is headquartered in New York City. The company had revenues last year of $461 million, and employs 2,700 people.
Contact:
William A. Walkowiak, CFA
Director of Investor Relations
(212) 716-2038
ir@edocorp.com
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