-----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, ELudI9jzOdfdX8MlX8QDVeCBrg6oz9JL6G0CfjKdlB0GZkT9MDadZs/WTzxijKlv N9dCfOswdoJCvzw0R8+M1w== 0000031617-00-000006.txt : 20000425 0000031617-00-000006.hdr.sgml : 20000425 ACCESSION NUMBER: 0000031617-00-000006 CONFORMED SUBMISSION TYPE: DEFA14C PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000424 FILER: 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: DEFA14C SEC ACT: SEC FILE NUMBER: 001-03985 FILM NUMBER: 607337 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 DEFA14C 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 -----END PRIVACY-ENHANCED MESSAGE-----