Press Release March 14, 2005

EDO RECEIVES $7.1 MILLION CONTRACT FOR PROFESSIONAL SERVICES

NEW YORK - March 14, 2005 - EDO Corporation (NYSE: EDO) has been awarded a $7.1 million contract from General Atomics to support the design and development of a new system, known as the Advanced Arresting Gear (AAG), for stopping aircraft on carrier decks.

EDO will provide logistics-support services that include training materials, documentation, maintenance procedures, and spare parts. The incentive-award-fee contract covers the 60-month system design and demonstration phase. General Atomics was selected in February by the Naval Air Systems Command as the prime contractor for this phase of the AAG program.

"A well-designed logistics process is essential for such complex and physically-demanding operational systems," said James M. Smith, EDO’s chief executive officer. "Our expertise in organizing behind-the-scenes operations will play an important role in achieving the project’s objectives and minimizing life-cycle costs over decades of expected operation."

The present arresting-gear system, which has been in operation for more than 50 years, is manpower intensive and is approaching its design operating limits. The AAG will handle heavier and faster aircraft, as well as lighter-weight unmanned air vehicles that may enter the fleet in the coming years.

The AAG is also designed to improve safety and provide a substantial cost savings by reducing operational and maintenance expense. The logistics system that EDO will design and implement is essential to achieving the intended cost savings.

The AAG will be retrofitted into existing CVN-68 (Nimitz) class aircraft carriers and installed in the new CVN-21 class carriers as they are being built. The AAG system is expected to begin shipboard operations by 2014.

EDO Corporation designs and manufactures a diverse range of products for the defense industry and commercial markets, and provides related engineering and professional services.

Major product groups include: Defense Electronics, Communications, Aircraft Armament, Undersea Warfare, and Integrated Composite Structures. EDO’s advanced systems are at the core of the transformation to lighter, faster, and smarter defense capabilities.
EDO (www.edocorp.com) was founded in 1925 and is headquartered in New York City. The company employs 2,500 people and had revenues of $536 million in 2004.

Forward-Looking Statements
Certain statements made in this release, including statements about future sales, 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