United Industrial Subsidiary AAI Corporation Acquires Leading Australian UAV Developer Aerosonde in Expansion of Capabilities
22 6월 2006 - 10:00PM
PR Newswire (US)
HUNT VALLEY, Md., June 22 /PRNewswire-FirstCall/ -- United
Industrial Corporation (NYSE:UIC) today announced that its wholly
owned subsidiary AAI Corporation has acquired privately held
Aerosonde Pty Ltd. and Aerosonde North America, Inc. in stock
purchase transactions for an aggregate purchase price of $6.5
million, with additional consideration payable upon the achievement
of certain milestones. AAI is considered a premier U.S. designer,
manufacturer, and systems integrator of tactical unmanned aircraft
systems, ground control station technologies, and other innovative
unmanned system capabilities. Aerosonde Pty is a Victoria,
Australia-based manufacturer and developer of unmanned aerial
vehicle (UAV) systems with civil and military customers in
Australia, Asia, and North America. Aerosonde North America
operates the Aerosonde UAV in support of R&D and weather
forecasting requirements of U.S.- based customers, including the
U.S. Air Force, the National Oceanic and Atmospheric
Administration, and NASA. "The acquisition of Aerosonde is a
perfect fit for our blueprint of strategically expanding our
unmanned aircraft systems capabilities to meet the growing and
diversified requirements of military, homeland security, and
civilian markets," said Steven E. Reid, AAI's vice president of
Unmanned Aircraft Systems. "Aerosonde's unique capabilities fit
very nicely with our own unmanned aircraft technologies as we have
recently offered a candidate to meet the U.S. Marine Corps
requirements for a Tier II tactical unmanned aircraft system in
support of regimental and expeditionary unit operations," Reid
added. The acquisition of Aerosonde is not expected to have any
significant short-term financial impact on UIC. Aerosonde aircraft
and systems are used for military and civil surveillance,
meteorology, science experiments, and military systems development,
operating in challenging environments from the tropics to the
Arctic. Examples include: -- During 2003, an Aerosonde UAV was used
for Solomons Islands peacekeeping missions for the Australian
Defence Force. -- In May 2006, an Mk 4 Aerosonde UAV set an
unofficial world flight- aloft endurance record of 38 hours and 48
minutes. -- Last fall, an Aerosonde UAV performed a 10-hour flight
for the U.S. National Oceanic and Atmospheric Administration,
providing the first- ever detailed observations of a tropical
storm, operating in an environment often too dangerous for manned
aircraft. -- Aerosonde deployed a meteorological observation
aircraft to the U.S. Air Force in Guam for the Weatherscout
Program, for which the UAV flew 287 hours in 30 days. AAI's best
known unmanned aircraft system is the U.S. Army's highly regarded
Shadow(R), which has surpassed a record milestone of 100,000
operational hours, 80 percent in support of warfighters in
Operation Iraqi Freedom. 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, 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 F. Gray, 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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