HUNT VALLEY, Md., April 10 /PRNewswire-FirstCall/ -- United Industrial Corporation announced today that its AAI Services Corporation subsidiary has been awarded two contracts by The Boeing Company totaling $48.5 million to provide Maintenance Trainers in support of U.S. Air Force F-22 Raptor combat aircraft.
AAI Services will build a new landing gear trainer and a new armament trainer and upgrade an existing armament trainer and aft fuselage trainer for the service's newest multi-role tactical aircraft.
Boeing is a primary member of the F-22 Raptor manufacturing team and is responsible for providing training systems for the aircraft program.
AAI Services' F-22 trainers will be high-fidelity maintenance training simulators for use by U.S. Air Force technicians to develop apprentice-level certification skills for maintaining critical components and systems. The trainers interface with the same electronic maintenance tools and aircraft support equipment used on the aircraft providing high quality, realistic hands-on training.
AAI Services will manage the contract and perform the work at its facility located near Charleston, South Carolina. The finished systems are currently scheduled for delivery to Sheppard Air Force Base, Wichita Falls, Texas, in the third quarter of 2007.
Since 1997, AAI Services has grown from a niche supplier of maintenance trainer modifications to a leading provider of maintenance training devices for the U.S. Air Force, fielding 26 C-17 Globemaster III maintenance trainers in a variety of configurations and locations. The new order for F-22 trainers adds diversity to AAI Services' roster of high-fidelity maintenance trainers for the U.S. Air Force.
"AAI Services is pleased to have been selected to provide state-of-the-art training systems and services for America's newest air superiority fighter," said Paul Lavin, president of AAI Services Corporation. "Our C-17 Globemaster III Maintenance Training Systems have supported U.S. Air Force transports, and now our training and simulation technologies will help deliver readiness for the service's F-22 combat aircraft wings."
United Industrial Corporation designs, produces, and supports defense systems. Its products and services include unmanned aircraft systems, training and simulation systems, automated aircraft test and maintenance equipment, armament systems, logistical and engineering services, and other leading-edge technology solutions for defense needs. The company also manufactures combustion equipment for biomass and refuse fuels.
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 contains 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, segment performance, cash flows, and contract awards. These forward-looking statements are subject to risks and uncertainties, 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.
