Exhibit 99.1

[EDO CORPORATION LOGO]                                     FOR IMMEDIATE RELEASE



                                                                     
60 East 42nd Street, Ste. 5010           Investor Contract:                  Company Contract:
New York, NY 10165                       Neil Berkman or Melanie Beeler      William J. Frost
212-716-2000                             Berkman Associates                  Vice President-Administration
                                         (310) 277-5162                      (212) 716-2000
                                         info@BerkmanAssociates.com          www.edocorp.com
                                         --------------------------          ---------------


                            EDO Corporation Acquires
               Advanced Engineering and Research Associates, Inc.

     NEW YORK, NEW YORK, February 6, 2003...EDO Corporation (NYSE:EDO) announced
today that it has acquired 100% of the outstanding stock of Advanced
Engineering and Research Associates, Inc. (AERA), a privately held company based
in Alexandria, Virginia, for $38 million in cash. The purchase price is subject
to adjustment based on AERA's net worth as of the closing date.

     "Today's national defense requirements demand a broad-based solution
provider to meet the needs of our military services. AERA's key positions on a
number of the high visibility long-term programs supporting the Department of
Defense, when combined with the on-going efforts of EDO's Professional Services
Division, significantly augments our capabilities and opportunities for growth.
We are committed to employing the leading technical expertise of all of our
business segments to seamlessly provide the full complement of solutions needed
by our customer community. This acquisition enhances and strengthens our
capabilities to fulfill our business goals and better meet our customer
commitments," said James M. Smith, Chairman and Chief Executive Officer of EDO.

     AERA is a first-tier subcontractor to Electronic Data Systems for the
multi-year Navy Marine Corps Intranet (NCMI) Total Enterprise Solution. In
addition, it has long-term prime contracts with NAVSEA's Seaport program, the
Marine Corps' Commercial Enterprise Omnibus Support Services (CEOSS) and the
Coast Guard's Deepwater program.

     For the fiscal year ending December 31, 2002, AERA had revenues of
approximately $50 million and the acquisition will be accretive to 2003
earnings. AERA will become a part of EDO's Systems and Analysis Group.

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, reconnaissance and surveillance systems, aircraft weapons suspension
and release systems, airborne mine countermeasures systems, and integrated
combat systems and sonar systems and professional, operational, technical and
information technology services. EDO's Communications and Space Products Segment
addresses the needs of the remote sensing, communication, navigation, and
electronic warfare industries with ultra-miniature electronics and systems 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 Statements

     Certain statements made in this release, including statements about future
revenue and earnings and expectations for growth opportunities are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. 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 and services, product
mix, the timing of customer orders and deliveries, the impact of competitive
products and services and pricing, difficulties encountered in the integration
of acquired businesses and other risks discussed from time to time in the
Company's Securities and Exchange Commission 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.







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