EDO Corp Forbes Listed As One Of The Biggest Losers of 2006

Again EDO Corp get a bad report from Forbes.

Once EDO was one of the fastest growing companies on the same
Forbes 'Fast tech' list. Not any more. 4th quarter results are due out on 22 February and expected to disappoint investors even moreso.

EDO Rugged Systems in Brighton (25% of EDO MBM) has now closed permanently. Their website has been removed.

http://www.forbes.com/2007/01/30/fast-tech-report-pf-ii-cx_pm_0130sf.html?partner=yahootix

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Lost jobs

31.01.2007 16:37

"EDO Rugged Systems in Brighton (25% of EDO MBM) has now closed permanently."

... and reopended in the US. You campaign achieved the sacking of lots of British workers in an area of high unemployment and did not in any way stop the company making the equipment.

Would anybody like to explain how this is a good thing ?

Britain and NATO need a defence industry, British workers work in those industries. Purile and vindictive campaigns like these which have far more to do with anti Americanism than they do real understanding of industrial life achieve nothing but resentment. Probably the reason you little group has had to stop meeting in the Crown pub ?

Shop Steward

rock on daddio

31.01.2007 20:05

rock on. i was part of the edo campaign for a bit. i am doing other stuff now, but every time i check, they seem to have taken another step towards insolvency, and it gives me a warm feeling inside.

eddie o