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HUNT VALLEY, Maryland, February 5, 2007 — United Industrial Corporation (NYSE: UIC) announced today that its AAI Services Corporation subsidiary has received a $6.7 million contract from The Boeing Company to provide an additional maintenance training system for U.S. Air Force F-22 Raptor fighter aircraft.
AAI Services will upgrade an existing landing gear trainer for delivery in October 2008. The company is already under contract to build a new landing gear trainer and a new armament trainer, and to enhance an existing armament trainer and an aft fuselage trainer for the Air Force’s newest multi-role tactical aircraft.
Boeing is a primary member of the F-22 Raptor manufacturing team and is responsible for providing training systems for the aircraft program.
F-22 trainers from AAI Services are high-fidelity maintenance training simulators used by Air Force technicians to develop apprentice-level certification skills for maintaining critical components and systems. The trainers interface with electronic maintenance tools and aircraft support equipment used on in-service aircraft, providing high-quality, realistic, hands-on training.
AAI Services will manage the contract and perform the work at its Training and Simulation Center near Charleston, South Carolina. Finished systems are scheduled for delivery to Sheppard Air Force Base, Wichita Falls, Texas.
“Our maintenance training system development team has worked extremely hard to ensure that F-22 Raptor maintainers have state-of-the-art, high-fidelity, computer-based simulators on which to develop their critical skills,” said Paul Lavin, president of AAI Services Corporation. “We’ve met our objective through outstanding teamwork with Boeing and the Air Force.”
Since 1997, AAI Services has grown from a niche supplier of maintenance trainer modifications to a leading developer of sophisticated maintenance training devices for the U.S. Air Force.
The new order for F-22 trainers adds further diversity to AAI Services’ roster of high-fidelity maintenance trainers, which includes 26 C-17 Globemaster III maintenance trainer systems fielded in a variety of configurations and locations.
About AAI
AAI Corporation designs, produces, and supports aerospace and defense systems through its direct and indirect wholly owned subsidiaries, AAI Services Corporation, Aerosonde Pty Ltd, ESL Defence Limited, 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, and logistical, engineering, and supply chain services. AAI Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.aaicorp.com.
About Textron Systems
Textron Systems Corporation (Textron Systems) has been providing innovative solutions to the defense, homeland security and aerospace communities for over 50 years. Known for its precision smart weapons, intelligent battlefield systems, surveillance systems, intelligence software solutions, aircraft control components, piston engines, armored vehicles and unmanned aircraft systems, Textron Systems includes AAI, HR Textron, Lycoming Engines, Overwatch Tactical Operations, Overwatch Geospatial Operations, Textron Defense Systems, and Textron Marine & Land Systems. Textron Systems Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.textronsystems.com.
About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems and Textron Financial Corporation. More information is available at www.textron.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, 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.
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