EDO to Supply Israeli Navy with Breakthrough Sonar System
March 14 2006 - 5:25AM
Business Wire
EDO Corporation (NYSE: EDO) has received a contract from the
Israeli Navy to purchase its advanced-technology ALOFTS
undersea-warfare sensor. ALOFTS was selected based upon the Israeli
Navy's past experience with EDO's sonar systems and after a
thorough review of ALOFTS' specifications and capabilities. The
contract is valued at more than $7 million, plus options for
additional systems. The EDO Model 980 ALOFTS system is a
low-frequency, active, towed-array system that represents the
latest, most advanced sonar technology. It provides a long-range
sensor capability that will counter the threat of extremely quiet
submarines operating in either shallow or deep water. "EDO's
engineering expertise in underwater sensors is based on more than
50 years of experience in fielding operational systems," said James
M. Smith, chief executive officer of EDO Corporation. "This award
reflects a new level of performance that has been achieved with
ALOFTS and further strengthens our international leadership in
undersea-warfare technology." EDO Corporation designs and
manufactures a diverse range of products for defense, intelligence,
and commercial markets, and provides related engineering and
professional services. Major product groups include: 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 3,000 people worldwide.
The company was founded in 1925 and had revenues of $648 million in
2005.
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