EDO Corporation

EDO Corporation was an American company which was acquired by ITT Corporation in 2007. EDO designed and manufactured products for defense, intelligence, and commercial markets, and provided related engineering and professional services. It employed 4,000 people worldwide and had revenues of $715 million in 2006. EDO's assets went to ITT Defense Electronics and Services. As of May 2015, these assets were now part of Harris Corporation, and since June 2019 L3Harris Technologies. History Earl Dodge Osborn founded the Edo Aircraft Corporation in 1925. The company's first successful product line was pontoons for floatplanes. With the outbreak of World War II, the company's focus shifted, and EDO began to provide subassemblies for military aircraft. This shift in emphasis led to the company being renamed the EDO Corporation in November 1947. EDO became a public company in 1956 with its listing on the American Stock Exchange, and moved to the New York Stock Exchange in 1983. An agreement was reached September 18, 2007 for ITT Corporation to buy EDO for $1.7 billion. After EDO shareholders' approval, the deal was closed and finalized on December 20, 2007.