Press Release March 21, 2005

EDO RECEIVES $9.4 MILLION CONTRACT FROM RAYTHEON

NEW YORK - March 21, 2005 - EDO Corporation (NYSE: EDO) has received a $9.4 million fixed-price contract from Raytheon Company’s Integrated Defense Systems. The contract calls for EDO to provide a naval Electronic Support Measure (ESM) subsystem. Raytheon is the prime contractor providing an integrated suite of communications.

"EDO continues to drive innovation in ESM systems," said James M. Smith, EDO's chief executive officer. "Our ability to deliver the most advanced capabilities for air, land, and sea-based platforms is the basis of our continued leadership in this technology. Our objective is to strengthen this leadership position by developing the next generation of ESM products for use on military as well as Homeland Security platforms."

EDO is a world leader in the design and manufacture of integrated ESM systems and related technology, such as receivers, signal processors, digitizers, and signal-analysis software.

In addition, 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: Aircraft Armament, Defense Electronics, Communications, Undersea Warfare, and Integrated Structures. EDO’s advanced systems are at the core of the transformation to lighter, faster, and smarter defense capabilities.

EDO was founded in 1925 and is headquartered in New York City. The company had revenues last year of $536 million and employs 2,500 people.

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