EDO Edo Corp

EDO Corporation (NYSE: EDO) has been awarded a $10.7 million contract to produce 130 BRU-55 bomb-ejector racks that are used on the Navy�s F/A-18 aircraft to carry precision-guided or �smart� bombs. The contract also includes acceptance testing and engineering and is expected to be completed by June 2009. This is the Navy�s third order of BRU-55 racks, bringing the total to 440. These bomb release units (BRU) carry two precision-guided weapons on a single pylon, effectively doubling the weapon-load capacity of the aircraft. EDO�s proprietary electronics enable individual targeting and release of each weapon. The BRU-55 rack is compatible with five of the six F/A-18 aircraft models. �EDO has made significant investments in carriage-and-release technology to meet the growing demand for �smart�, lightweight, high-performance systems,� said Chief Executive Officer James M. Smith. �Our focused R&D initiatives, such as the BRU-55, have positioned us as the leader in weapon-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-22 Raptor, 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 also developing weapon-release systems for major platforms of the future, including the F-35 Lightning II, the P-8A Poseidon, and the MQ-9 Reaper unmanned aircraft. EDO Corporation designs and manufactures a diverse range of products for defense, intelligence, and commercial markets. Major product groups include: Professional and Engineering Services, 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. With headquarters in New York, EDO Corporation (www.edocorp.com) employs 4,000 people worldwide. The company was founded in 1925 and had revenues of $715 million in 2006.