Todays Washington Post reports that EDO have been implicated in high level corruption in the US. On the day EDO are expected to report disappointing 2nd quarter results (although it could hardly be as bad as their 1st Quarter, could it?) the imploding bomb manufacturers who tried and failed to abuse the legal process in the UK, by attempting to ban the freedom to protest in Brighton, are now alleged to have been closely involved in an 'independent study' that recommended to the US government further investment development of the F22 Raptor fighter project.
EDO have invested millions in developing equipment for the F22 and but the project has been seen as a lame duck that has not lived up to expectations and was expected to be shelved altogether until this new study came along. The objectivity of the report is looking decidedly shakey and questions are being asked in high places.
Read more here:
http://www.washingtonpost.com/wp-dyn/content/article/2006/07/24/AR2006072401232.html
Once again the corruption of EDO corporation is being spread out for all to marvel at.
This story is already spreading across the US media.
This analyst expects yet another sharp drop in EDO's share price on Wall Street Thursday morning and advises employees of the company to start seeking alternative employment.
SELL EDO
.
EDO have invested millions in developing equipment for the F22 and but the project has been seen as a lame duck that has not lived up to expectations and was expected to be shelved altogether until this new study came along. The objectivity of the report is looking decidedly shakey and questions are being asked in high places.
Read more here:
http://www.washingtonpost.com/wp-dyn/content/article/2006/07/24/AR2006072401232.html Once again the corruption of EDO corporation is being spread out for all to marvel at.
This story is already spreading across the US media.
This analyst expects yet another sharp drop in EDO's share price on Wall Street Thursday morning and advises employees of the company to start seeking alternative employment.
SELL EDO
.
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