HUNT VALLEY, Md., May 12 /PRNewswire-FirstCall/ -- United Industrial Corporation (NYSE:UIC) will hold its Annual Meeting of Shareholders on Thursday, May 18, 2006 at 9:00 a.m. (ET) at its corporate facilities at 124 Industry Lane, Hunt Valley, Maryland. Interested shareholders and others can listen to the webcast on the company's Web site, http://www.unitedindustrial.com/, on the investor relations page, or on http://www.earnings.com/. Please log on to either Web site approximately ten minutes prior to the call to register and download and install any necessary audio software. 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 on UIC, visit http://www.unitedindustrial.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, 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 documents as filed with the Securities and Exchange Commission. DATASOURCE: United Industrial Corporation CONTACT: Stuart Gray of United Industrial, +1-410-628-8686 or Web site: http://www.unitedindustrial.com/ Company News On-Call: http://www.prnewswire.com/comp/113559.html

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