United Industrial's AAI Subsidiary Awarded $2.3 Million U.S. Army Contract to Provide Improvised Explosive Device Training Syste
13 Novembre 2007 - 11:00PM
PR Newswire (US)
HUNT VALLEY, Md., Nov. 13 /PRNewswire-FirstCall/ -- 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. 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 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, cash flows, and contract awards. These forward-looking
statements are subject to risks and uncertainties, including
without limitation, program cancellations and changes in program
funding, 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: AAI Corporation
CONTACT: IR: Stuart F. Gray, +1-410-628-8686, ; or Media: Sharon C.
Corona, +1-410-628-3184, 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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