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EDO TO PROVIDE GLOBAL COMMUNICATIONS SUPPORT TO USAID
NEW YORK - June 14, 2004 - EDO Corporation (NYSE: EDO) ) has been awarded a subcontract to provide communications and networking support to the US Agency for International Development’s Office of Foreign Disaster Support (OFDA). The two-year, cost-plus-fixed-fee contract is valued at $9.0 million for the first year with the second year not yet priced.
Specific responsibilities under this contract include information technology and communications support, project and financial management support, facility and inventory management, and training. EDO will provide these services at OFDA headquarters in Washington, DC, as well as worldwide locations as OFDA deploys resources to provide non-food humanitarian assistance in response to international crises and disasters. This continues the efforts started under a previous contract that was originally awarded to Darlington Inc. prior to their acquisition by EDO in March 2003. Darlington has been incorporated into EDO’s Combat Systems Division.
"This contract again shows the success of our team of highly-skilled engineers and technicians that are deployed around the world to support sophisticated networks," said James M. Smith, EDO's chief executive officer. "Our track record of maintaining reliable, global communications under disaster situations has proven the value of outsourcing these complex, specialized functions. As with our similar Fleet Support contract, we continue to expand our level of responsibilities based on a record of proven performance."
EDO Corporation provides military and commercial products and professional services, with core competencies in a wide range of critical defense 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.
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
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