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EDO TO DEVELOP CONTROL UNIT FOR MAVERICK MISSILE
NEW YORK - Jan 10, 2006 - EDO Corporation (NYSE: EDO) has been selected by Raytheon Company (NYSE: RTN) to design and develop a new electronic control unit for the AGM-65 Maverick missile. This control unit will enable the Maverick missile to be carried on aircraft currently not compatible with this proven "fire and forget" weapon.
"This contract continues our successful efforts with Raytheon to substantially expand the range of use for the Maverick missile," said Chief Executive Officer James M. Smith. "Our control unit will interface with the aircraft through Raytheon’s LAU-117 Dual Mode Launcher, of which the electronics assembly was also designed and built by EDO Corporation."
EDO has also worked with Raytheon to integrate a GPS receiver and digital data-link into the Maverick missile system, allowing communication with the missile after it has been launched and improving its range by three to five times.
EDO Corporation is the market leader in sophisticated aircraft-armament carriage and release systems. For decades, EDO has provided such equipment for the world’s dominant jet fighters, including the F-15, F-16, F/A-18, Tornado and Harrier. For the F/A-22, EDO has developed and produces the AMRAAM Vertical Eject Launcher (AVEL), which employs the company’s state-of-the-art pneumatic ejection technology.
EDO is currently developing pneumatic launching systems for the F-35 Joint
Strike Fighter, the Joint Common Missile, and the P-8A Multi-mission Maritime Aircraft.
In addition to aircraft-armament carriage and release systems, EDO Corporation has core
competencies in a wide range of critical defense areas, including:
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
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