ERA Technology of the UK and EDO Corporation of the USA have come to a mutual business agreement to explore collaborative opportunities to meet the needs of both the US and international markets. The opportunities are expected to cover airborne, commercial and military, antenna systems.

The two companies have complimentary skills, said Peter McVeigh, General Manager of the EDO Corporation Antenna Products and Technologies division, We have the manufacturing capability and worldwide contacts, whilst ERA has a well established track record for developing innovative microwave and millimetre wave antenna technologies.

Fred Cahill, CEO of ERA Technology, commented: We are delighted to be working with EDO Corporation. ERA has a long history of developing innovative antennas that meet mission critical objectives, and we very much look forward to joining forces with EDO Corporation.

About EDO Corporation

EDO Corporation (www.EDOcorp.com) supplies highly engineered products for governments and industry worldwide, including advanced electronic, electromechanical and information systems and engineered materials critical to the mission success of its customers. The Company's Defense Segment provides integrated front-line war fighting systems, including radar countermeasure systems, aircraft weapons storage and release systems, airborne mine countermeasure systems, sonar systems and a full range of professional engineering and information technology services. EDO's Space and Communication Segment addresses the needs of the remote sensing, communication, navigation, and electronic warfare industries with ultra-miniature electronics and a broad line of antennas.

The Company's Engineered Materials Segment supplies piezoelectric and advanced composites for the communication, navigation, chemical, petrochemical, paper and oil industries, for civilian infrastructure and military applications.

Forward-Looking Statement

This press release contains statements that are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company's SEC filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.