EDO Corporation
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The EDO Corporation engages in the design and manufacture of products for defense, intelligence, and commercial markets. It also provides related engineering services to the United States and allied governments, and their prime defense contractors. The company has two segments, Electronic Systems and Communications; and Engineered Systems and Services. The Electronic Systems and Communications segment provides electronic force protection equipment; interference cancellation technology; airborne electronic warfare systems; reconnaissance and surveillance systems; other specialized electronic systems; command, control, communications, and computers products and services; and antenna products. The Engineered Systems and Services segment offers aircraft armament systems, integrated composite structures, mine countermeasure systems, sonar systems, and flight line products to integrated systems and structures, undersea warfare, and professional services markets. The company was founded by Earl Dodge Osborn in 1925 and is headquartered in New York City.
On the morning of July 17th 2006 anti-war/pro-Palestine solidarity activists completely [link] Blockaded [link] EDO's Brighton, UK subsidiary EDO MBM Technology Ltd in protest at the company's supply of weapons technology to the Israeli military being used to attack Gaza and Lebanon. The action was the latest in an ongoing campaign against the Brighton factory that began in 2004, and led in April 2005 to EDO trying and failing to gain a high court injunction against protesters. The failed law suit cost the company millions in legal costs in March 2006 leading to a declared 1st quarter loss on Apil 27 2006.
EDO's NYSE share price then dropped some 25-30% over the next three months losing EDO an estimated $100,000,000 in market value. The campaign [link] continues.
External links
[EDO Corporation Website]
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