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EDO Corporation (NYSE: EDO) will provide the Department of Defense
with 1,100 "CREW 2.1" systems and associated logistics and support
equipment. CREW is an acronym for an electronic warfare system that
counters radio-controlled improvised explosive devices.
This is an $88 million contract awarded by the Naval Sea Systems
Command and the Program Executive Office for Littoral and Mine
Warfare. It will help meet Department of Defense requirements in
support of Operation Iraqi Freedom and Operation Enduring Freedom.
"These vehicle-mounted systems are going to counter one of the
biggest threats harming our troops in the field," said James M. Smith,
EDO's chief executive officer. "EDO will work diligently to make sure
the equipment is delivered as quickly as possible. We will continue to
invest our financial and engineering resources to improve on
technology in the area of electronic force protection."
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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