United Industrial's AAI Subsidiary Wins $14.1 Million Army Order for One System(TM) Remote Video Terminals and Antennas to Suppo
20 4월 2007 - 10:15PM
PR Newswire (US)
HUNT VALLEY, Md., April 20 /PRNewswire-FirstCall/ -- United
Industrial Corporation (NYSE:UIC) announced today that its AAI
Corporation subsidiary has received an order from the U.S. Army for
production of 266 additional One System remote video terminals
(OSRVTs). In addition to calling for an added number of OSRVT
production units this year, the fully funded $14.1 million contract
provides the balance of funds for an initial 51 units ordered in
2006. Deliveries have begun and will continue through October 2007.
As part of this order, AAI will provide 147 extended-range mobile
directional antenna systems, spares, training, and contractor
logistics support. The contract has options for an additional 779
OSRVT production units and 199 mobile directional antenna systems
with a total potential contract value of more than $60 million.
OSRVTs are small, mobile, intelligence-gathering systems capable of
directly receiving and integrating live video and telemetry data
from an array of manned and unmanned aircraft systems, including
Shadow(R), Predator(R), I- GNAT(R), Raven, Pioneer(R), Hunter, and
the Army's new Extended Range/Multi- Purpose system. With OSRVT,
soldiers are able to simultaneously receive live video and position
data integrated on hand-held video terminals. A video "footprint"
and icons identify aggressor units, vehicles, facilities, and
natural landscape features that are overlaid on a geo-location map,
enabling swift target identification, decision making, and
response. Extended-range antennas allow OSRVT systems to meet
mission range requirements with reception up to 80 kilometers.
"Working closely with the Army and combat soldiers to determine
warfighter requirements, we've developed a product that provides
superior situational awareness and increased interoperability among
multiple manned and unmanned platforms," said Steven E. Reid, vice
president of AAI's unmanned aircraft systems division. "Through
OSRVT, we've graduated unmanned aircraft systems from a role as
observers to an advanced stage where their intelligence-gathering
and delivery capabilities have a direct role in the fight - a
weapon system component directly in the hands of soldiers," Reid
added. AAI has been a global leader in tactical unmanned aircraft
system intelligence-gathering technologies over the past three
decades. The company's Shadow system is the U.S. Army's premier
tactical unmanned aircraft system and is currently deployed in
Operation Iraqi Freedom, Operation Enduring Freedom, and elsewhere.
United Industrial Corporation designs, produces, and supports
aerospace and defense systems through its wholly owned subsidiary,
AAI Corporation, and AAI Corporation's direct and indirect wholly
owned subsidiaries, AAI Services Corporation, Aerosonde Pty Ltd,
Aerosonde North America Incorporated, ESL Defence Limited,
McTurbine Inc., and Symtx, Inc. Its high-technology products and
services include unmanned aircraft systems, training and simulation
systems, automated aerospace test and maintenance equipment,
armament systems, aviation ground support equipment, logistical and
engineering services, and maintenance, repair and overhaul
activities. 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 documents as filed with the Securities and Exchange
Commission. All trademarks, trade names, service marks, and logos
referenced herein belong to their respective companies. Shadow is a
registered trademark of AAI Corporation. One System is a trademark
of the U.S. Army. DATASOURCE: United Industrial Corporation
CONTACT: IR, Stuart F. Gray, +1-410-628-8686, , or Media, Sharon C.
Corona, +1-410-628-3184, , both for United Industrial Corporation
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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