UIC United Indl Corp

HUNT VALLEY, Md., May 21 /PRNewswire-FirstCall/ -- United Industrial Corporation (NYSE:UIC) shareholders voted to re-elect the company's board of directors and confirmed the appointment of an independent auditor at the company's 2007 annual meeting held on May 18, 2007. Shareholders re-elected to the UIC Board Thomas A. Corcoran, Glen M. Kassan, Warren G. Lichtenstein, Robert F. Mehmel, Gen. Richard I. Neal (U.S. Marine Corps-Retired), and Frederick M. Strader. Mr. Strader also serves as president and chief executive officer of UIC and the company's wholly owned subsidiary, AAI Corporation. Warren Lichtenstein was re-elected chairman of the board of directors of UIC at the board meeting following the annual meeting. KPMG LLP was ratified by UIC shareholders to act as independent auditor for the company during calendar year 2007. The webcast of this meeting is available by logging onto UIC's Web site at http://www.unitedindustrial.com/, selecting the investor relations page, and clicking on the webcast icon. No password or registration is required. The webcast will be archived on the Web site for three months following the broadcast. 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 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, 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: Stuart F. Gray of 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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