EDO Receives Navy Contract for Additional Smart Racks

(New York, June 28, 2007) -- 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."

Source : EDO Corporation

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