Press Release November 11, 2005

EDO Establishes $300 Million Credit Facility

NEW YORK - Nov. 11, 2005 - EDO Corporation (NYSE: EDO) has established a new $300 million revolving credit and letter of credit facility with a bank group arranged by Citigroup Global Markets Inc. and Wachovia Capital Markets LLC as Joint Lead Arrangers and Joint Book Runners. It replaces the company's existing $200 million credit facility, under which there currently is no outstanding indebtedness. Citicorp USA, Inc. will serve as Administrative Agent, Wachovia Bank, N.A. as Syndication Agent and Bank of America, N.A. as Documentation Agent for the new facility.

"As a rapidly growing company, it is prudent for us to have a credit facility in place to address needs as they arise," said CFO Fred Bassett. "This facility gives us the ability to act quickly when acquisitions and other business opportunities require near-term financing."

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 Systems, 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 2,800 people and had revenues of $536 million in 2004.

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