-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WwKal6fD53lviryytkIqF6bKF92rZIAVoRP6rInAjeiz1FLNitVN+q1mlf4PpCNc w/URtZXQXzJ/jfde7/AMXQ== 0000031617-00-000005.txt : 20000425 0000031617-00-000005.hdr.sgml : 20000425 ACCESSION NUMBER: 0000031617-00-000005 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000424 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EDO CORP CENTRAL INDEX KEY: 0000031617 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 110707740 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: SEC FILE NUMBER: 001-03985 FILM NUMBER: 607335 BUSINESS ADDRESS: STREET 1: 60 EAST 42ND STREET STREET 2: SUITE 5010 CITY: NEW YORK STATE: NY ZIP: 10165 BUSINESS PHONE: 2127162000 MAIL ADDRESS: STREET 1: 14 04 111TH ST CITY: COLLEGE POINT STATE: NY ZIP: 11356-1434 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EDO CORP CENTRAL INDEX KEY: 0000031617 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 110707740 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 60 EAST 42ND STREET STREET 2: SUITE 5010 CITY: NEW YORK STATE: NY ZIP: 10165 BUSINESS PHONE: 2127162000 MAIL ADDRESS: STREET 1: 14 04 111TH ST CITY: COLLEGE POINT STATE: NY ZIP: 11356-1434 425 1 EDO AIL Investor Briefing 2000 (This page shows a picture of the sky with the EDO and AIL logos.) EDO Introduction - EDO and AIL Announce Merger on January 3, 2000 - Shareholder Vote Scheduled for April 28, 2000 - Purpose of This Briefing - Objective of the Merger -- Product Lines of the Company -- Financials -- Q&A EDO Objectives of the Merger - Create a Larger Integrated Defense and Aerospace Supplier of Mission- Critical Products - Create Technical Synergies That Will Expand the Addressable Market - Provide Greater Leverage in Capital Markets to Accelerate Future Growth EDO Corporation Investor Briefing 2000 (This page shows a picture of the sky with the EDO logo.) EDO Profile Designer and Manufacturer of Defense and Aerospace Products and Engineered Materials for Domestic and International Markets (This page shows a picture of an F-22 airplane and large composite tanks.) EDO Profile - Supplier of Mission-Critical Products for Defense, Aerospace and Industrial Customers - Financial Condition (1999) -- $133 Million Backlog -- $ 30 Million Cash -- $ 30 Million Line of Credit EDO Profile - Defense and Aerospace Products (The following pictures of EDO products are shown: The AMRAAM Vertical Eject Launcher (AVEL) A C4I display console The MK 105 Mod 4 Magnetic Influence Minesweep System) - Engineered Materials (The following pictures of EDO products are shown: Transducers Piezoelectric Ceramics Composite Tanks) EDO Profile (The following financial data is presented as two bar charts.) Revenue 1995 1996 1997 1998 1999 -------------------------------- Defense & Aerospace $37M $38M $44M $54M $66M Engineered Materials $27M $30M $30M $28M $32M -------------------------------- Total $64M $68M $74M $82M $98M Backlog 1995 1996 1997 1998 1999 -------------------------------- Defense & Aerospace $41M $61M $74M $117M $118M Engineered Materials $21M $16M $19M $13M $16M -------------------------------- Total $62M $77M $95M $130M $134M EDO Profile (The following financial data is presented as two bar charts.) Operating Earnings 1995 1996 1997 1998 1999 -------------------------------- EDO Corporation $6M $15M $8M $12M $9M Earnings Per Share 1995 1996 1997 1998 1999 -------------------------------- EDO Corporation $0.66 $2.13 $1.01 $1.42 $0.76 EDO Profile (The following financial data is presented as two bar charts.) Shareholders Equity 1995 1996 1997 1998 1999 -------------------------------- EDO Corporation $15M $20M $28M $38M $40M Cash 1995 1996 1997 1998 1999 -------------------------------- EDO Corporation $23M $21M $21M $34M $30M EDO Markets (The following financial data is presented as a pie chart.) Defense & Aerospace - Domestic 39% Defense & Aerospace - International 28% Engineered Materials - Domestic 27% Engineered Materials - International 6% ----- Total 100% EDO Defense & Aerospace Aircraft Armament Products (This page shows a pictures of the F-15E Eagle, F-22 Raptor and Japanese F-2 airplanes) - EDO Is a World Leader in: -- Suspension and Release Equipment -- New Carriage Technology -- Alternate Energy Sources EDO Defense & Aerospace Markets (This page shows a pictures of the Boeing XA-32 JSF airplane with the caption "Member of the Boeing and Lockheed JSF Teams.") - Aircraft Armament -- Alternate Energy Sources -- Smart Weapons -- Stealth Configurations Market $300M - F-15E Eagle World Wide - F-22 Raptor - Joint Strike Fighter (JSF) - Smart Weapons Carriage -- F-16 -- F-18 EDO Defense & Aerospace Combat Systems Products (This page shows a picture of an international ship with the following equipment depicted: Navigation Console Electro-Optical Sensor Head Navigation Radars AN/SPS-67 IFF Electronic Chart Display Heading Reference System Weapons Console Sonar EDO Malfunction Consoles Horizon Reference System Slope Indicator) - Undersea Warfare - Digital Data Links EDO Defense & Aerospace Markets (This page shows a picture of a Sonar Control-Indicator Console.) - ASW Sonar -- Continued Development of COTS Based Systems -- Active Towed Systems Combat Systems Market $500M - Upgrades to 80+ EDO Sonars - NATO SSSB - Data Links - Systems Integration/Analysis EDO Defense & Aerospace Mine Warfare Products (This page shows pictures of the EDO MK 105 Mod 4 Airborne Magnetic Mine Countermeasures System with the caption "MK 105 Mod 4.") EDO Has been the Sole Source Supplier of Magnetic Sweep Systems to the Airborne MCM Forces for 25+ Years - MK 105 - MK 105 Upgrade - SWIMS (Shallow Water Influence Magnetic Sweep) - Depot Service EDO Defense & Aerospace Markets (This page shows a picture of the Shallow Water Influence Magnetic Sweep - SWIMS.) - Mine Warfare -- MK 105 Upgrade -- Organic Capability -- Shallow-Water Sweep -- AMCM Command and Control -- Integrated MCM System Market $200M - MK 105 Upgrade - Shallow Water Mine Sweeping - Organic MCM - International MCM EDO Engineered Materials - Ceramics Products and Markets (This page shows pictures of EDO piezoelectric ceramic products, miniature ceramic shapes for the cellular communications industry, and a cellular communications repeater tower.) - EDO Is a Major Supplier of Ceramic Shapes in the U.S. -- Naval Arrays -- Oceanographic Exploration -- Fish Finders -- Ultrasonics -- Cellular Communications -- Motors and Actuators Market $150M - Military - Cellular Communications - Medical - Controls - Underwater Sensors Engineered Materials - Composites Products and Markets (This page shows pictures of the Boeing 767 airplane, an EDO composite airplane waste tank, an off-shore oil rig, and EDO composite piping installed on an oil rig.) - EDO Is a Major Supplier of Composite Products -- Waste and Water Tanks for the Commercial Aircraft Industry -- Piping and Structures for Off-Shore Oil Industry Market $155M - Commercial Aircraft - Transportation - Military - Off-Shore Oil Industry AIL Investor Briefing 2000 (This page shows a picture of the sky with the AIL logo.) AIL PROFILE Systems Integrator and a Producer of High-Technology Electronic Products for Defense and Commercial Applications (This page shows pictures of a TDRS Satellite and the B-1B airplane.) AIL PROFILE DEFENSE SYSTEMS (The following pictures are shown: - The EA-6B airplane - An Extended Range Guided Munitions (ERGM) Missile GPS Antijam) SPACE AND COMMUNICATIONS PRODUCTS (The following pictures are shown: - The Space Shuttle - The Boeing 777 Airplane) AIL PROFILE (The following financial data is presented as two bar charts.) REVENUE 1997 1998 1999 --------------------- AIL $103M $120M $146M BACKLOG 1997 1998 1999 -------------------- AIL $102M $124M $131M AIL PROFILE (The following financial data is presented as two bar charts.) OPERATING EARNINGS 1997 1998 1999 -------------------- AIL $3M $28M $6M EARNINGS PER SHARE 1997 1998 1999 -------------------- AIL $0.63 $4.62 $0.39 AIL PROFILE (The following financial data is presented as two bar charts.) SHAREHOLDERS EQUITY 1997 1998 1999 -------------------- AIL $22M $41M $44M LONG TERM DEBT Stub 1997 1998 1999 ------------------------- Other $19M $16M $14M Acquisition - $15M $ 9M ---- ---- ---- Total $19M $31M $23M AIL Markets (The following financial data is presented as a pie chart.) Space and Communications Products 30% Defense Systems 70% ---- Total 100% AIL Defense Electronics Systems (The following pictures are displayed on this page: The EA-6B airplane The B-1B airplane with AN/ALQ-161 LRU modules displayed An MDDS Chip The Universal Exciter Upgrade.) UEU the Voice of the Prowler AN/ALQ-161 Self Defense System for the B-1B ALQ-161 STAYS INSTALLED THRU 2009+ IN CURRENT AIR FORCE PLAN UPGRADE PROGRAM TO ADD MID 90s TECHNOLOGY TO THE 500+ UNIVERSAL EXCITERS IN THE FLEET DEFENSE MARKET $750M AIL Space Products and Technologies (The following pictures are displayed on this page: NPOESS GEOSAT HRUPPA HS 601 TDRS HS702 SHUTTLE) SPACE PRODUCTS MARKET $800M AIL Antenna Products and Technologies (The following pictures are displayed on this page: Military antennas A wireless antenna A CNI antenna Commercial GPS and ITS antennas A custom military airborne antenna The Arleigh Burke destroyer The AS-4305) CUSTOM MILITARY APPLICATIONS CONFORMALS RETRACTABLES CRPA L/O COMMERCIAL WIRELESS APPLICATIONS MILITARY SHIPBOARD VHF/UHF COMMUNICATIONS HF IFF EW/ESM RADAR SATCOM CNI ANTENNAS FOR COMMERCIAL AVIATION MILITARY AIRBORNE VHF/UHF COMMUNICATIONS GPS IFF/TACAN EW/ESM RADAR SATCOM COMMERCIAL GPS AND ITS APPLICATIONS ANTENNA MARKET $250M AIL Technical Services and Support Equipment (The following pictures are displayed on this page: B-1B with flight line support equipment Avionics Data Acquisition Data and Control System Portable Radar Simulator A Laboratory) - Flight Line Support Equipment - Portable Flight Line Test Sets - Avionics Instrumentation - Laboratories SERVICES & EQUIPMENT MARKET $100M AIL Interference Cancellation Systems (ICS) (The following pictures are displayed on this page: - U.S. Army Guardrail - U.S. Air Force SOF CV-22 - U.S. Navy Extended Range Guided Munitions - U.S. Air Force Rivet Joint) ICS MARKET $100M EDO and AIL Products Are Complementary and Mission Critical EDO AIL AIRCRAFT ARMAMENT AIRBORNE ELECTRONIC COUNTERMEASURES Bomb Racks Escort Jamming Systems Missile Launchers Self-Protect Systems Aircraft Structures MINE COUNTERMEASURES RADAR SYSTEMS Minesweeping Systems Ground-Based Airborne SHIPBOARD COMBAT SYSTEMS SPACE PRODUCTS Command, Control Satellite Communications & Communications Satellite Environmental Sensors Sonar Systems Navigation Fire Control OPERATIONS ANALYSIS ANTENNAS Wargaming Military Applications Modeling Commercial Wireless & Aircraft Decision Support PIEZOCERAMIC COMPONENTS ENVIRONMENTAL PRODUCTS Transducers Radiation Detection Microwave Ceramics Air Quality Monitoring ENGINEERED MATERIALS INTERFERENCE CANCELLATION SYSTEMS Plastic Piping Military Applications Waste Tanks Commercial Applications ENGINEERING SERVICE & EQUIPMENT Flight Line Test Equipment EDO AIL Investor Briefing 2000 (This page shows a picture of the sky with the EDO and AIL logos.) EDO NEWCO Pro Forma Financials - Revenue $244,000 - EBIT $ 11,063 - Backlog $264,880 - Shareholder Equity $ 62,072 EDO Objective of the Merger - Create a Larger Company to: -- Address Larger Programs -- Exercise Greater Leverage in Financial Markets -- Achieve Future Growth --- Acquisitions --- Increased R&D EDO Summary - Larger, Stronger Company - Potential Cost Synergies - Technological Synergy -- New Products --- Communications and Command and Control --- Avionics and Aircraft Armament - Broader Product and Capability Offering - Cross-Marketing Opportunities - Eligible for Larger programs - Broaden AIL Foreign Market We urge investors and security holders to read the following documents regarding the merger between EDO Corporation and AIL Technologies, Inc., because they contain important information: - - EDO Corporation's joint proxy statement/prospectus on Form S-4 Registration No. 333-33080, containing or incorporating by reference such other documents and other information; and - - EDO Corporation's annual report on Form 10-K for the year ended December 31, 1999, containing or incorporating by reference such other documents and other information. These documents and amendments to these documents have been filed with the United States Securities and Exchange Commission and may be obtained free at the SEC's web site at www.sec.gov. You may also obtain for free each of these documents from EDO by directing your request to Marvin D. Genzer, secretary, at (212) 716-2005 (fax: (212) 716-2050). -----END PRIVACY-ENHANCED MESSAGE-----