EDO AWARDED CONTRACT FOR ELECTRONIC EQIUPMENT
ON EP-3E RECONNAISSANCE AIRCRAFT

NEW YORK - April 2, 2004 - EDO Corporation (NYSE: EDO) has been awarded an $8.4 million contract from Raytheon (NYSE: RTN) Technical Services Company. The 17-month contract is the second phase of a multi-phase electronic support upgrade program to the U.S. Navy’s EP-3E reconnaissance aircraft.

EP-3E aircraft are used to meet critical intelligence, surveillance and reconnaissance collection requirements. With sensitive receivers and high-gain antennas, the EP-3E can detect, interpret and report a wide range of electronic communication and radar signals from deep within enemy territory.

EDO’s contract includes development work to upgrade certain components of the aircraft’s Electronic Support Measures suite. By replacing aging ESM equipment, the upgrade is intended to improve reliability and intelligence gathering capability, as well as reduce weight.

Specifically, Phase II will provide modifications to the SP-160 processor to provide added functionality and allow replacement for a portion of the AN/ALR-81 countermeasures receiving system. A VME (Versa Module Europa) tuner capability will also be developed to replace the current ALR-81 tuners.

EDO Corporation provides military and commercial products and professional services, with core competencies in a wide range of critical defense areas, including:

Aircraft Armament
Defense Electronics
Undersea Warfare
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 had revenues last year of $461 million, and employs 2,700 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