| United Defense 57-mm Gun System Selected
by Lockheed Martin for Littoral Combat Ship
Contact:
Jeff Van Keuren
United Defense, Public Affairs
(763) 572-7615
jeff.van.keuren@udlp.com
Doug Coffey, Media
United Defense
doug.coffey@udlp.com
(703) 312-6121
MINNEAPOLIS, MN - December 1, 2004 - United Defense Industries,
Inc. (NYSE: UDI) has been selected to provide its 57-mm Mk 110 Naval
Gun System for Lockheed Martin's Flight Zero Littoral Combat Ship
(LCS).
"Our Mk 110 Naval Gun System is ideal for Lockheed Martin's
LCS design and meets the demanding core ship self-defense needs
due to its exceptional lethality, range, high firing rate, accuracy,
compact weight, and size," said Steve Kelly, United Defense's
LCS program manager. "The 57-mm Mk 110 and its Mk 295 '3P'
intelligent ammunition are unparalleled in defeating high-density
small boat raids because of the ammunition's programmable, precision-timed
fuse and lethal air-burst capability."
The initial contract is for long-lead material and contains options
for procurement of the first two 57-mm guns for the LCS program
upon receipt of government funding. United Defense will provide
the gun systems, ancillary equipment and engineering and installation
services. Contract award modifications for gun system production
are expected in early 2005.
Work is scheduled to continue through the end of 2007, given the
exercise of all options. High-volume production work is expected
to be centered at the United Defense facility in Louisville, KY.
Program management and gun support services will be led in Minneapolis,
MN.
LCS, a revolutionary naval combatant designed to dominate the world's
coastal waters, provides the Navy with fast, maneuverable and shallow
draft ships aimed at maximizing mission flexibility. The ship's
first missions will include mine warfare, anti-submarine warfare
and surface warfare.
About United Defense
United Defense designs, develops and produces combat vehicles, artillery,
naval guns, missile launchers and precision munitions used by the
U.S. Department of Defense and allies worldwide, and provides non-nuclear
ship repair, modernization and conversion to the U.S. Navy and other
U.S. Government agencies. To learn more about United Defense, visit
http://www.uniteddefense.com.
Forward-Looking Statements
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. Please refer to the
Company's Annual Report on Form 10 K for the year ended December
31, 2003 as well as its Quarterly Report on Form 10 Q for the quarter
ended September 30, 2004, and in our other reports filed from time
to time with the Securities and Exchange Commission for a further
discussion of the factors and risks associated with our business.
|