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HUNT VALLEY, Maryland, August 15, 2007 — United Industrial Corporation (NYSE: UIC) announced today that its AAI Corporation subsidiary has received orders totaling $19.9 million from the U.S. Army for production of 613 additional One System remote video terminals (OSRVTs) and 208 extended-range mobile directional antenna systems (MDASs).
The contract has options for an additional 1,517 OSRVT production units and 411 MDASs with a total potential contract value of more than $73.6 million. Including the new order, a total of 930 OSRVT production units and 355 MDASs have been purchased by the U.S. Army.
OSRVTs are small, mobile, intelligence-gathering systems capable of delivering live video and telemetry data to warfighters from an array of unmanned and manned aircraft systems operating across a multi-service, intelligence-sharing, interoperability network.
Using OSRVTs, warfighters simultaneously receive live video and positional data integrated on their hand-held video terminals. A video “footprint” and icons identify aggressor and “friendly” units, vehicles, facilities, landscape, and other features that are overlaid on a dynamic, live geo-location map.
The intelligence makes possible swift decisionmaking, target selection, and response. Extended-range antennas enable OSRVT systems to meet mission range requirements with reception up to 80 kilometers.
"OSRVT has become an extremely important, mission-critical, intelligence-gathering asset that links data-gathering technologies in the air to warfighters with boots on the ground in any number of battlespace scenarios,” said Steven E. Reid, vice president of AAI’s unmanned aircraft systems division.
“OSRVT integrates transparently with a multitude of manned and unmanned aircraft, including Air Force and Navy assets, to provide immediate, real-time situational awareness and targeting information to combat units on the ground,” Reid pointed out.
In addition to being fielded currently with the U.S. Army in Iraq, OSRVT systems will operate with the first Shadow® 200 tactical unmanned aircraft systems (TUAS) to be deployed to Iraq with the U.S. Marine Corps this fall. The Marine Corps announced earlier this year that it was replacing its Pioneer UAS systems with the newer, combat-proven Shadows.
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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