Press Release July 27, 2005

EDO TO PROVIDE RECEIVER SUBSYSTEM ON
NEW PRECIPITATION MEASUREMENT SATELLITE

NEW YORK - July 27, 2005 - EDO Corporation (NYSE: EDO) has been awarded a $15.6 million contract from Ball Aerospace & Technologies Corporation to build the microwave receiver subsystem for a new Global Precipitation Measurement satellite system.

Managed by NASA, the GPM satellite system is a joint effort with the Japan Aerospace Exploration Agency and other international partners to build a constellation of spacecraft to improve climate and weather predictions through more accurate and frequent precipitation measurements.

Under this initial contract, EDO will produce one engineering model and one flight subsystem for incorporation onto the first satellite’s microwave-imaging instrument. EDO’s subsystem will convert microwave energy into digital data. The initial funding provided is $3 million for efforts through 2006. The entire program is expected to extend into 2008.

"This is a key strategic win for our Ball Aerospace/EDO team as we pursue other potential radiometer opportunities," said James M. Smith, EDO's chief executive officer. "In addition, we are working together to expand into other space-borne weather forecasting systems."

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 2,700 people and had revenues of $536 million in 2004.

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