EDO Edo Corp

EDO Corporation (NYSE: EDO) has received a contract from the Israeli Navy to purchase its advanced-technology ALOFTS undersea-warfare sensor. ALOFTS was selected based upon the Israeli Navy's past experience with EDO's sonar systems and after a thorough review of ALOFTS' specifications and capabilities. The contract is valued at more than $7 million, plus options for additional systems. The EDO Model 980 ALOFTS system is a low-frequency, active, towed-array system that represents the latest, most advanced sonar technology. It provides a long-range sensor capability that will counter the threat of extremely quiet submarines operating in either shallow or deep water. "EDO's engineering expertise in underwater sensors is based on more than 50 years of experience in fielding operational systems," said James M. Smith, chief executive officer of EDO Corporation. "This award reflects a new level of performance that has been achieved with ALOFTS and further strengthens our international leadership in undersea-warfare technology." EDO Corporation designs and manufactures a diverse range of products for defense, intelligence, and commercial markets, and provides related engineering and professional services. Major product groups include: 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 3,000 people worldwide. The company was founded in 1925 and had revenues of $648 million in 2005.