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United Defense Norfolk Shipyard Receives Prestigious
Theater Surface Combatants Award for Excellence Contact: Jackie Kreisler ARLINGTON, VA, September 16, 2002 - United Defense Industries, Inc. (NYSE: UDI) announced the receipt of one of the U.S. Navy's most prestigious awards, the Theater Surface Combatants Award for Excellence, at its shipyard in Norfolk, Va. This award, formerly titled the AEGIS Excellence Award, was presented to NORSHIPCO, a member of the United States Marine Repair (USMR) family of shipyards, during a ceremony at the yard in August. Rear Adm. William J. Cobb, Jr. presented the award to Tom Epley, NORSHIPCO's president and general manager, before a room filled with representatives from the Supervisor of Shipbuilding in Portsmouth, Va., Navy officials and shipyard workers. USMR, recently acquired by United Defense, now holds a total of four of these most coveted awards. In addition to NORSHIPCO, Southwest Marine in San Diego, Calif., also a member of USMR, holds three. NORSHIPCO received this honor for providing exceptional support to the Program Executive Office for Theater Surface Combatants throughout the planning, scheduling and execution of the Extended Docking Selected Restricted Availability for USS NORMANDY (CG-60). Additionally, NORSHIPCO met all milestones on or ahead of schedule and accomplished the entire work package seven days early. The work was performed at NORSHIPCO between February 28, 2001, and September 28, 2001. The work package included system and component upgrades and regular maintenance, including hull girder modifications and installation of the all-electric ship alt. The USS NORMANDY is currently participating in Operation Enduring Freedom in the defense of America. "NORSHIPCO's extraordinary contribution, outstanding performance and remarkable efforts enabled the fully capable and war-ready ship to quickly return to service. I applaud the entire NORSHIPCO team and congratulate them on this well-deserved award," said Rear Adm. Cobb, who presented the award. The AEGIS Excellence Program, originally designed to recognize contributions to AEGIS Weapon System development by individuals in the Navy, was established in 1971 by direction of the AEGIS Project Manager, PMO-403. Recognizing the motivating effect of this program, it was soon expanded to include major defense contractors. To maintain the award's exclusivity and significance, this honor is only given to a limited number of organization. According to Tom Epley, NORSHIPCO's president and general manager, "Receiving this award is a real tribute to the people who worked so hard on the NORMANDY. They are the ones who made this event possible." Epley also added, "I am extremely proud of the performance of everyone involved in the ship's availability." USMR is a wholly owned subsidiary of United Defense Industries, with facilities in Norfolk, Va., San Diego, San Pedro and San Francisco, Calif., Ingleside, Texas and Pearl Harbor, Hawaii. Visit USMR on the Internet at http://www.usmarinerepair.com About United Defense Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to United Defense Industries, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in the Company's registration statement dated December 13, 2001 on Form S-1 and in our other reports filed from time to time with the Securities and Exchange Commission.
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