United Industrial's AAI Subsidiary Awarded C-17 Maintenance Training System Contracts Valued at More Than $14 Million
28 9월 2006 - 7:00AM
PR Newswire (US)
HUNT VALLEY, Md., Sept. 27 /PRNewswire-FirstCall/ -- United
Industrial Corporation (NYSE:UIC) announced today that its wholly
owned subsidiary AAI Services Corporation has been awarded more
than $14 million in new contracts by the U.S. Air Force to support
AAI-produced maintenance training systems installed at C-17
Globemaster III air bases. AAI Services will upgrade fielded C-17
training devices to Block 16 concurrency levels and provide ongoing
engineering and management services. The new awards bring the
company's C-17 maintenance training device program backlog to $85.6
million. AAI supports 27 maintenance training devices for Air Force
C-17 transport squadrons based at Charleston Air Force Base in
South Carolina, McGuire Air Force Base in New Jersey, and McChord
Air Force Base in Washington, as well as an Air National Guard unit
at Jackson, Miss. The sophisticated training devices enable C-17
technicians to develop journeyman-level maintenance certification
skills through instructional programs, avoiding the cost of using
operational aircraft. 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 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 of UIC, +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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