EDO WINS CONTRACT FOR SUBMARINE NAVIGATIONAL SENSORS

NEW YORK - June 3, 2004 - EDO Corporation (NYSE: EDO) ) has been awarded a contract for the production of TR-302 submarine depth sounder transducers for use on attack and guided missile submarines. The $5.5 million, firm-fixed-price, indefinite-delivery supply contract was competitively procured by the Naval Undersea Warfare Center, Newport Division, Newport, R.I.

TR-302 transducers are the in-water sensor portion of an acoustic navigation system that measures the depth of water beneath the hull of the submarine. "As the previous developer and manufacturer of this critical sensor for our Navy’s submarine force, EDO is particularly pleased to have been competitively selected again by the Navy," said James M. Smith, EDO's chief executive officer. "The confidence of the Navy in our ability to supply mission-critical sensors on platforms such as the new SSGN cruise-missile strike submarines underscores the strength of our technical and manufacturing capabilities."

The work will be performed by EDO’s Electro-Ceramic Products unit and is expected to be completed by May 2009. EDO Electro-Ceramic Products supplies sonar equipment for antisubmarine and mine warfare, and for underwater navigation and communication for surface ships and submarines.

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 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, 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