For the third quarter in a row troubled US warmongers EDO Corporation have failed to meet their expected financial targets, citing 'substantial challenges' of 2006. Today its share price took another plunge into the abyss losing several million dollars in market value
after investors reacted to poor results.
after investors reacted to poor results.
Since March 2006 EDO have lost a major High Court suit against anti-war protesters in Brighton UK, which caused the resignation of EDO MBM Managing Director David Jones, have been implicated in a high level Pentagon sleaze and corruption scandal involving EDO Director and former CIA man Dennis Blair who was also forced to resign, have been named in a bribery scandal involving Hilary Clinton over govt 'earmark' contracts, have been sued for Racial Discrimination by an african-american competitor over work in occupied Iraq, and have lost vital orders from the US military for its flagship Warlock counter measure system that appears to have serious security flaws. All this and they continue to face the unrelenting pressure of a protest campaign against them which aims to see them shut down in the UK.
US Govt see EDO Corp as 'security threat.'
Rumours of infiltration into EDOs workforce by whistle-blowing anti-war activists in both US and UK ,who are determined to shut down the company after its recent tyrannical behaviour are increasing EDO's profile as a security threat for US military interests. EDO has recently bought up several companies that supply US intelligence agencies with cumputers and technologies, but this has failed to make their name any less suspect for US Govt procurement committees as contracts are directed to competing corporations.
For EDOs financial plunge see todays NYSE chart :
http://finance.google.com/finance?q=EDO
Meanwhile the protest campaign in Brighton against the company contines to grow.
See Smash EDO website http://www.smashedo.org.uk
For more information on the company see Wikipedia entry 'EDO Corporation'
http://en.wikipedia.org/wiki/EDO_Corporation
US Govt see EDO Corp as 'security threat.'
Rumours of infiltration into EDOs workforce by whistle-blowing anti-war activists in both US and UK ,who are determined to shut down the company after its recent tyrannical behaviour are increasing EDO's profile as a security threat for US military interests. EDO has recently bought up several companies that supply US intelligence agencies with cumputers and technologies, but this has failed to make their name any less suspect for US Govt procurement committees as contracts are directed to competing corporations.
For EDOs financial plunge see todays NYSE chart :
http://finance.google.com/finance?q=EDO Meanwhile the protest campaign in Brighton against the company contines to grow.
See Smash EDO website
http://www.smashedo.org.uk For more information on the company see Wikipedia entry 'EDO Corporation'
http://en.wikipedia.org/wiki/EDO_Corporation
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