UIC United Indl Corp

United Industrial's AAI Corporation Awarded $14.4 Million Contract by U.S. Army for Additional Shadow(R) Tactical Unmanned Aerial Vehicle System and Support Equipment HUNT VALLEY, Md., Feb. 14 /PRNewswire-FirstCall/ -- United Industrial Corporation (NYSE:UIC) announced today that its AAI Corporation subsidiary has received a $14.4 million contract from the U.S. Army for an additional Shadow Tactical Unmanned Aerial Vehicle (TUAV) system. This system will be produced in conjunction with eight TUAV systems ordered in December 2004 under the fiscal 2005 full-rate production contract. In addition to the TUAV system, three mobile maintenance facility (MMF) units were added to the contract. The work will be performed at AAI's manufacturing facility in Hunt Valley, Md. "The nine Shadow TUAV systems ordered under the expanded fiscal 2005 contract bring to 42 the total number of systems ordered by the Army since initial award of the contract in December 1999," said United Industrial and AAI President and Chief Executive Officer Frederick M. Strader. "This growing program is a statement of recognition that Shadow TUAV systems have become a significant asset on the modern digital battlefield, providing tactical, life-saving intelligence for warfighters, as shown in Operation Iraqi Freedom." In addition to the production of TUAV systems, AAI also provides support services for fielded and deployed TUAV units. The MMF logistics support assets are enclosed in shelters mounted on High-Mobility Multipurpose Wheeled Vehicles, commonly known as Humvees, for tactical mobile support on the battlefield. The MMF units contain test equipment, spare parts, and other logistics support elements and are manned by AAI Corporation TUAV system support specialists who are integrated into the brigades they support. United Industrial Corporation is a company focused on the design, production, and support of defense systems. Its products and services include unmanned aerial vehicles, test and simulation systems, automated aircraft test and maintenance equipment, and logistical/engineering services. The company also manufactures combustion equipment for biomass and refuse fuels. For more information, visit http://www.unitedindustrial.com/ and http://www.aaicorp.com/. Except for the historical information contained herein, information set forth in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," and variations of such words and similar expressions that indicate future events and trends are intended to identify such forward-looking statements, which include, but are not limited to, projections of revenues, earnings, segment performance, cash flows, and contract awards. These forward-looking statements are subject to risks and uncertainties, which could cause the company's actual results or performance to differ materially from those expressed or implied in such statements. The company makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date hereof that may affect the accuracy of any forward-looking statement. For additional information about the company and its various risk factors, please see the company's most recent annual report on Form 10-K as filed with the Securities and Exchange Commission. DATASOURCE: United Industrial Corporation CONTACT: James H. Perry of UIC, +1-410-628-8786, Web site: http://www.unitedindustrial.com/ http://www.aaicorp.com/ Company News On-Call: http://www.prnewswire.com/comp/113559.html

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