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HUNT VALLEY, Maryland, November 1, 2007— United Industrial Corporation (NYSE: UIC) announced today that its AAI Corporation subsidiary has been awarded a $4.5 million contract from the U.S. Air Force Special Operations Command (AFSOC) for additional Advanced Boresight Equipment (ABE) systems.
The new order is the second system purchased to align the AC-130 H Spectre. The first award was received in April 2007.
“This award brings to nine the number of U.S. Air Force aircraft that utilize our ABE system,” said Ed Buffington, vice president of AAI’s Test Systems. “We’ve already delivered boresight systems for this customer’s F-35 Lightning II Joint Strike Fighters, C-17 Globemaster III heavylifters, and C-130 Avionics Modernization Program platforms, and now we’ll provide the boresight system for all the C-130 aircraft that play a vital role in AFSOC operations.”
ABE is a gyro-stabilized, electro-optical system that provides alignment accuracy of weapons and sensor systems for aircraft while reducing maintenance time and costs.
AAI has been a global leader in boresight system technologies over the past several years. The company's ABE system has been chosen by the U.S. Navy, U.S. Army, U.S. Marines, U.S. Air Force, and allied armed forces to align weapon and sensor systems on 18 types of aircraft.
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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