UIC United Indl Corp

HUNT VALLEY, Md., Dec. 1 /PRNewswire/ -- United Industrial Corporation (NYSE:UIC) announced today that its wholly-owned subsidiary AAI Services Corporation has been awarded a $70 million contract by the U.S. Air Force to produce six maintenance trainers in support of C-17 Globemaster III fleet readiness. AAI will build three test, evaluation, performance, and assessment trainers, two aircraft engine maintenance trainers, and one aircraft maintenance systems trainer in its new Goose Creek, S.C., facility. Under this sole-source award, finished systems will be delivered to new C- 17 maintenance training centers at Travis Air Force Base in California, Hickam Air Force Base in Hawaii, and Elmendorf Air Force Base in Alaska, beginning in the first quarter of 2008. AAI previously provided C-17 maintenance training devices to Air Force transport squadrons at Charleston Air Force Base in South Carolina, McGuire Air Force Base in New Jersey, and McChord Air Force Base in Washington. An Air National Guard unit at Jackson, Mississippi, is also equipped with C-17 maintenance trainers from AAI. The sophisticated, simulator-equipped training devices enable Air Force C- 17 technicians to develop journeyman-level maintenance certification skills through instructional programs, avoiding the cost of using operational aircraft. "The C-17 is the most technologically advanced airlift aircraft ever built, and as more and more come into service, the use of innovative, sophisticated maintenance training devices from AAI is expanding," said Frederick M. Strader, president and chief executive officer of United Industrial Corporation. "We are proud to be selected again to continue our support of the U.S. Air Force by helping ensure C-17 fleet readiness for national security and humanitarian missions," Strader added. AAI Services Corporation is a wholly-owned subsidiary of AAI Corporation, which is a wholly-owned subsidiary of United Industrial Corporation. 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, including without limitation, program cancellations and changes in program funding, 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 reports as filed with the Securities and Exchange Commission. DATASOURCE: United Industrial Corporation CONTACT: Stuart F. Gray, +1-410-628-8686, , UIC 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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