EDO Receives Additional Orders for Crew 2.1 Counter-IED Systems
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NEW YORK - July 19, 2007 - 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.
Sara Banda
Media Relations
(212) 716-2071
media@edocorp.com
