NEW YORK--(BUSINESS WIRE)--Oct. 31, 2005--EDO Corporation (NYSE: EDO) has been selected by the Boeing Company (NYSE: BA) to design and develop pneumatic ejector bomb-rack units for the U.S. Navy's new P-8A Multi-mission Maritime Aircraft. Boeing is the prime contractor for the P-8A aircraft.
EDO has received a "letter" contract authorizing work to begin while the final contract is being negotiated. It is expected that a definitive, fixed-price contract will be executed by December for an amount not to exceed $7.2 million.
The initial contract will include system design and development, qualification testing, documentation, and training. It has options for additional system design and development units.
This award is in addition to the previously announced $12.7 million contract for the P-8A sonobuoy-launcher system that will be used on anti-submarine missions.
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