| United Defense Awarded $143 Million Contract
to Provide Bradley Combat System Vehicles for U.S. Army
Contact:
Herb Muktarian United Defense herb.muktarian@baesystems.com
(717) 225-8004
YORK, PA, April 6, 2005 - United Defense Industries, Inc. (NYSE:UDI)
has been awarded a contract modification valued at $143 million
to provide Bradley Combat System vehicles for the U.S. Army. The
award was funded initially at $71.5 million.
Awarded by the Army’s Tank-automotive and Armaments Command
(TACOM), the contract modification calls for United Defense to remanufacture
and upgrade 55 fully-digitized Bradley A3 vehicles.
"We are excited about this opportunity to provide additional
Bradley A3 vehicles for the Army," said Andy Hove, Director
of Bradley Combat Systems for United Defense. "The A3 designation
refers to the Bradley's advanced digital architecture and other
key improvements. It is the best version of the Bradley we can build
and we're looking forward to putting more of them into the hands
of soldiers."
The Bradley A3 is a technologically advanced, digital combat system
that significantly increases the Bradley's lethality and survivability
in battle. The Bradley has played a centerpiece role in Operation
Iraqi Freedom and continues to provide outstanding survivability,
mobility and lethality to U.S. soldiers in all types of close combat
urban scenarios or in open combat terrain. The Bradley Combat System
fulfills critical infantry, cavalry, fire support, battle command
and engineer roles for the Army’s heavy brigades.
Work on the remanufacture contract will begin immediately and will
be performed at the company’s facilities in York, PA, Fayette
County, PA and Aiken, SC, in conjunction with the public/private
partnership between Red River Army Depot and United Defense. All
vehicles are scheduled for delivery by January 2007.
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 10K for the year
ended December 31, 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.
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