| United Defense Acquires Corrosion Engineering
Services, Inc.
Contact:
Jackie Kreisler, Media
United States Marine Repair
kreislerj@baesystems.com
(619) 557-4289
Doug Coffey, Media
United Defense Industries, Inc.
doug.coffey@baesystems.com
(703) 312-6121
ARLINGTON, VA, April 25, 2005 - United Defense Industries,
Inc. (NYSE: UDI) announced today that United States Marine Repair
(USMR), its ship repair and modernization subsidiary, has completed
the acquisition of Corrosion Engineering Services, Inc. (CES) headquartered
in San Diego, Calif. CES focuses primarily on corrosion control
of U.S. Navy and commercial vessels.
"This acquisition allows USMR to grow our business
by expanding into areas such as submarine work. DOD clearances are
held by at least 75 percent of the painters at CES. Additionally,
CES has surveyors and inspectors holding certification from the
National Association of Corrosion Engineers and the U.S. Navy,"
said Al Krekich, president of USMR. "As CES and USMR have a
major common customer in the U.S. Navy, this merging of services
is of benefit to both companies and enables USMR to provide an even
greater level of service to the military."
CES facilities are located in San Diego and Chula Vista, Calif.;
Bremerton and Arlington, Wash.; Norfolk and Arlington, Va; Groton,
Conn.; St. Mary’s, Ga.; Atlantic Beach, Fla.; and Pearl City
and Aiea, Hawaii. CES employs 370 people.
About United Defense Industries
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, 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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