EDO UNVEILS MAVERICK-LAUNCHER ELECTRONICS

FARNBOROUGH, U.K. - July 19, 2004 - EDO Corporation (NYSE: EDO), at the Farnborough International Air Show, has introduced a new LAU-117 electronics assembly for the dual-mode Maverick missile launcher, which is under joint development with Raytheon Corporation (NYSE: RTN).

The LAU-117 Dual Mode Launcher Electronics Assembly (DM-LEA) adds significant capabilities not available with current Maverick launchers. It can interface with all "Military-Standard-1760" aircraft while maintaining compatibility with the Maverick legacy analog interface platforms. This provides compatibility with modern digital flat-panel cockpit displays and makes the Maverick’s telemetry and mission data available to the pilot and the military network. No modifications are required to the aircraft itself.

"Our launcher electronics will greatly expand the range of use for the Maverick missile," said Frank Otto, EDO’s chief operating officer. "It will allow direct targeting and provide improved video capability to the cockpit of most fighter aircraft in service today."

The dual-mode launcher program has led to an additional award with Raytheon to integrate a GPS receiver and digital data-link into the missile system, allowing communication with the missile after it has been launched and improving its range four-fold over current Maverick variants. The new version of Maverick missile, to be demonstrated by the USAF in early 2005, will provide better situational awareness and battle damage assessment to the warfighter, allowing the missile to be launched without the current weather-dependent visual lock on the target.

About EDO Corporation
EDO Corporation is the market leader in sophisticated aircraft-armament carriage and release systems. For decades, EDO has provided such equipment for the world’s dominant jet fighters, including the F-15, F-16, F/A-18, and Tornado. For the F/A-22, EDO has developed and produces the AMRAAM Vertical Eject Launcher (AVEL), which employs the company’s state-of-the-art pneumatic ejection technology. EDO is also developing a pneumatic suspension and release system for the F-35 Joint Strike Fighter.

EDO continues to invest in the advancement of weapon-interfacing systems and is teamed with Lockheed Martin for the development of a launching system for the Joint Common Missile. EDO (UK) is teamed with Raytheon on the recently awarded RAF Paveway IV development and production contract.

In addition to Aircraft Armament, EDO Corporation has core competencies in a wide range of critical defense areas, including:

C4I – Command, Control, Communications, Computers, and Intelligence
Defense Electronics
Undersea Warfare
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.

Contacts:
William A. Walkowiak, CFA
Director of Investor Relations
(212) 716-2038
ir@edocorp.com

Ed Mygland
Corporate Director of Business Development
(212) 716-2021
ed.mygland@edocorp.com