EDO Receives Additional Orders for CREW 2.1 Counter-IED Systems
19 Juillet 2007 - 3:24PM
Business Wire
On July 16 the Department of Defense announced that EDO Corporation
(NYSE: EDO) has received orders for 3,000 additional �CREW 2.1�
vehicle-mounted electronic jammers, to be delivered by August 2008.
This award is in addition to the 1,100 units ordered in April. The
total value of this new fixed-price award is $210 million. This
award is for EDO�s model known as the CVRJ (CREW Vehicle
Receiver/Jammer) system. CREW is an acronym for an electronic
warfare system that counters radio-controlled improvised explosive
devices. In making this award, the Naval Sea Systems Command and
the Program Executive Office for Littoral and Mine Warfare
exercised options included in the original contract competitively
awarded to EDO on April 6. �We have been working in concert with
our customer and our suppliers to gear up for the production
capacity and quality required for this critical product,� said
James M. Smith, EDO�s chief executive officer. �We have
demonstrated to our customer that we have a process in place to
meet the urgent and compelling need for this equipment.� 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.
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