United Industrial's AAI Services Corporation Subsidiary Wins $48.5 Million in Contracts from Boeing to Provide Maintenance Trai
11 4월 2006 - 7:00AM
PR Newswire (US)
HUNT VALLEY, Md., April 10 /PRNewswire-FirstCall/ -- United
Industrial Corporation (NYSE:UIC) announced today that its AAI
Services Corporation subsidiary has been awarded two contracts by
The Boeing Company totaling $48.5 million to provide Maintenance
Trainers in support of U.S. Air Force F-22 Raptor combat aircraft.
AAI Services will build a new landing gear trainer and a new
armament trainer and upgrade an existing armament trainer and aft
fuselage trainer for the service's newest multi-role tactical
aircraft. Boeing is a primary member of the F-22 Raptor
manufacturing team and is responsible for providing training
systems for the aircraft program. AAI Services' F-22 trainers will
be high-fidelity maintenance training simulators for use by U.S.
Air Force technicians to develop apprentice-level certification
skills for maintaining critical components and systems. The
trainers interface with the same electronic maintenance tools and
aircraft support equipment used on the aircraft providing high
quality, realistic hands-on training. AAI Services will manage the
contract and perform the work at its facility located near
Charleston, South Carolina. The finished systems are currently
scheduled for delivery to Sheppard Air Force Base, Wichita Falls,
Texas, in the third quarter of 2007. Since 1997, AAI Services has
grown from a niche supplier of maintenance trainer modifications to
a leading provider of maintenance training devices for the U.S. Air
Force, fielding 26 C-17 Globemaster III maintenance trainers in a
variety of configurations and locations. The new order for F-22
trainers adds diversity to AAI Services' roster of high-fidelity
maintenance trainers for the U.S. Air Force. "AAI Services is
pleased to have been selected to provide state-of-the-art training
systems and services for America's newest air superiority fighter,"
said Paul Lavin, president of AAI Services Corporation. "Our C-17
Globemaster III Maintenance Training Systems have supported U.S.
Air Force transports, and now our training and simulation
technologies will help deliver readiness for the service's F-22
combat aircraft wings." United Industrial Corporation designs,
produces, and supports defense systems. Its products and services
include unmanned aircraft 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
contains 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: UIC
Contact: Stuart F. Gray, +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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