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EDO DECLARES QUARTERLY CASH DIVIDEND

NEW YORK - Oct. 31, 2006 - The Board of Directors of EDO Corporation (NYSE: EDO) has declared a regular quarterly cash dividend on the company’s common shares of $0.03 per share, payable on Dec. 1, 2006 to shareholders of record at the close of business on Nov. 3, 2006. This will be the company’s 40th consecutive quarterly dividend payment.

EDO designs and manufactures a diverse range of products for defense, intelligence, and commercial markets. Major product groups include: Defense Electronics, Communications, Aircraft Armament Systems, Undersea Warfare, Integrated Composite Structures, and Professional and Engineering Services.

With headquarters in New York, EDO Corporation (www.edocorp.com) employs 4,200 people worldwide. The company was founded in 1925 and had revenues of $648 million in 2005.

Contacts:
William A. Walkowiak, CFA
Director of Investor Relations
(212) 716-2038
ir@edocorp.com
Sara Banda
Media Relations
(212) 716-2071
media@edocorp.com

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