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HUNT VALLEY, Maryland, March 20, 2008 — United Industrial Corporation (NYSE: UIC) announced today that its AAI Corporation subsidiary has been awarded a $2.3 million contract from the U.S. Army to assist in training the joint and individual services on operational support tasks, conditions, and standards needed to achieve U.S. military objectives to defeat improvised explosive devices (IED).
The contract, awarded by the U.S. Army’s Program Executive Office for Simulation, Training, and Instrumentation in Orlando, Fla., calls for an initial quantity of 305 IED Training Systems to be delivered to various installations worldwide.
Known as fire marker units, the training systems are designed to replicate the visual signature, sound, and trigger activation of IEDs used against U.S. and allied troops. They will be produced in partnership with RUAG COEL GmbH, the German subsidiary of RUAG Electronics, Simulation and Training Division, Switzerland, considered one of the world’s leading experts in electro-optical and laser-based technologies.
AAI will train soldiers on the use of the training systems and provide program management, system and engineering support, and maintenance. RUAG will produce the training systems.
"We are pleased to provide the U.S. Army with a more realistic IED training experience,” stated Robert Peters, vice president of AAI’s Training Systems. “Improving the live training environment will better prepare our soldiers for real-world operations.”
The U.S. Army IED training simulators are derived from similar devices in use with U. S. Army training ranges in Germany, the U.S. Marine Corps, and the Swiss army.
For more than 30 years, AAI has been a recognized leader in delivering critical skills training to warfighters, combat system operators, and maintainers in U.S. and allied armed forces.
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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