EDO ADDS $21 MILLION IN CONTRACTS FOR B-1B BOMBER

NEW YORK - July 6, 2004 - During the first half of 2004, EDO Corporation (NYSE: EDO) has been awarded contracts totaling $21.3 million to maintain and upgrade the AN/ALQ-161 defensive electronics on the B-1B Bomber.

The AN/ALQ-161 electronic-countermeasures system detects and identifies adversary threat emitters and then applies the appropriate jamming technique either automatically or through operator intervention. The system’s basic hardware configuration was fielded in the mid-1980s and is still in use today. Since that time, even though the hardware configuration remains the same, EDO has fielded several software modifications that have dramatically improved system performance and significantly lowered annual operating costs.

EDO has now received contracts to support the migration of the existing software to a new state-of-the-art processor and to test upgraded jamming processes. New jamming technology will considerably enhance the capabilities of the AN/ALQ-161 system and allow mission planners to rapidly reprogram the system to address future threats.

EDO’s 2004 contracts also include engineering services related to hardware and software upgrades, and ongoing maintenance and repair of the existing operational systems.

"The AN/ALQ-161 system has protected the B-1B in several recent conflicts with an outstanding performance record," said James M. Smith, EDO’s chief executive officer. "We believe this performance record was a major factor in the December 2002 termination of a proposed replacement system. This has paved the way for AN/ALQ-161 hardware upgrades that are now underway, with several additional enhancements planned in the near future.

"Since our original deployment of the AN/ALQ-161, EDO has continually been involved with the logistical and operational support of the system. Repair services, technical support, spares provisioning, asset management, and engineering analyses are some of the types of services we provide to various Air Force agencies."

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