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EDO Corporation (NYSE: EDO) has been awarded a $1.5 million
contract for practice-bomb carriers by the Norwegian Defence Logistics
Organisation. Under the terms of the contract, EDO will deliver 50 of
its new-generation "MALTS" two-station carriers this year for use on
Royal Norwegian Air Force F-16s. The contract also includes test
equipment, training, spares and documentation.
The MALTS (Modular Advanced Lightweight Training System) family of
two, four, and six station carriers provides practice-bombing
capability on any tactical aircraft.
MALTS employs easily maintained electro-magnetic release units
that eliminate maintenance and overall life cycle costs. This contract
further builds on sales to two other European Air Force customers and
a Far-East aircraft manufacturer.
"EDO is the industry leader in sophisticated aircraft-armament
interface, carriage and release systems," said CEO James M. Smith.
"For decades, we have provided such equipment for the world's dominant
jet fighters, including the F-15, F-16, F-18, F-22, Tornado, Harrier
and Typhoon. We are also developing launching systems for aircraft of
the future, such as the F-35 Lightning II and the P-8A Poseidon
multi-mission maritime aircraft."
Additional Background
MALTS is a new version of EDO's high-performance practice-bomb
training systems which do not employ pyrotechnic cartridges. Operators
benefit from a true swing-role training capability (the ability to
freely switch from one training regime to another), minimal logistic
footprint (no consumables, annual servicing only) and consequentially
reduced inventory holding. MALTS is a universal fit to any platform
and its low life-cycle cost has been verified competitively by several
users and platform primes.
EDO Corporation designs and manufactures a diverse range of
products for aerospace, 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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