UIC United Indl Corp

HUNT VALLEY, Md., Aug. 10 /PRNewswire-FirstCall/ -- United Industrial Corporation (NYSE:UIC) announced today that its wholly-owned subsidiary AAI Corporation has been awarded a $13.8 million contract by the Royal Netherlands Army (RNLA) to provide an Advanced Moving Target Simulator (AMTS) system for air defense training for the nation's armed forces and related logistics support for a period of 15 years. The simulator, designated Stinger Trainer by the RNLA, will be installed at the Joint Air Defense School at De Peel Air Force Base. The AMTS is AAI's third-generation air defense trainer. The contract requires development, installation, and testing of a fully immersive, computer-generated, simulated environment inside a 64-foot diameter hemispherical dome trainer where gunners and crew chiefs can be effectively trained and evaluated on the use of Stinger missiles against aggressor aircraft. A leader in air defense training systems for more than 30 years, AAI has produced and delivered state-of-the-art systems for the U.S. Army, U.S. Army National Guard, and U.S. Marine Corps, as well as for the armed forces of Australia, Italy, Japan, Romania, and Turkey. "The innovative simulation training technologies of our AMTS system deliver superior training while eliminating the need to fire actual weapons -- a very significant cost savings for users," said Frederick M. Strader, president and chief executive officer of both United Industrial and AAI. "We are pleased that the Netherlands has chosen AAI's AMTS as a key element in training its forces for national defense." United Industrial Corporation designs, produces, and supports defense systems. Its products and services include unmanned aerial vehicle systems, training and simulation systems, automated aircraft test and maintenance equipment, armament systems, logistical and engineering services, and other leading-edge technology solutions for defense needs. 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 and other documents as filed with the Securities and Exchange Commission. DATASOURCE: United Industrial Corporation CONTACT: Stuart F. Gray of United Industrial Corporation, +1-410-628-8686, 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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