EDO, AIL Technologies Agree on Merger
NEW YORK, Jan. 3 -- EDO Corp. and privately held AIL Technologies Inc. of Deer Park, N.Y., have signed a definitive agreement to merge. The transaction will create an integrated defense and aerospace technology company with current annualized revenue of approximately $240 million.
EDO designs and manufactures advanced mechanical, electronic and electro-optical systems and engineered materials for domestic and international defense and industrial markets. AIL manufactures aircraft, marine and satellite antennas, and has an installed base of electronic systems products, including the defensive avionics on the B-1B bomber and the stand-off jamming systems on the EA-6B.
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