EDO AWARDED TORPEDO SONAR CONTRACTS

NEW YORK - August 12, 2004 - EDO Corporation (NYSE: EDO) has been awarded two contracts worth $1.5 million to produce new torpedo sonar technology. The contracts were awarded by the Naval Undersea Warfare Center (NUWC), Newport Division, Newport, R.I. Work under these contracts will continue through 2005.

The effort is part of the ongoing Swampworks torpedo sonar project. Under these contracts, EDO will fabricate sonar arrays consisting of broadband projectors and hydrophones with the associated receive-signal conditioning and digital multiplexing electronics. In addition, EDO will support higher level integration and testing by NUWC.

"Our new advancements in sonar technology will improve the Navy’s ability to conduct anti-submarine warfare in acoustically challenging littoral environments, and defeat torpedo countermeasures," said James M. Smith, EDO's chief executive officer. "We will utilize an innovative EDO broadband sensor array with integrated digital electronics, developed in conjunction with NUWC and the University of Rhode Island."

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