HUNT VALLEY, Md., Sept. 27 /PRNewswire-FirstCall/ -- United Industrial Corporation announced today that its wholly owned subsidiary AAI Services Corporation has been awarded more than $14 million in new contracts by the U.S. Air Force to support AAI-produced maintenance training systems installed at C-17 Globemaster III air bases.
AAI Services will upgrade fielded C-17 training devices to Block 16 concurrency levels and provide ongoing engineering and management services.
The new awards bring the company's C-17 maintenance training device program backlog to $85.6 million.
AAI supports 27 maintenance training devices for Air Force C-17 transport squadrons based at Charleston Air Force Base in South Carolina, McGuire Air Force Base in New Jersey, and McChord Air Force Base in Washington, as well as an Air National Guard unit at Jackson, Miss.
The sophisticated training devices enable C-17 technicians to develop journeyman-level maintenance certification skills through instructional programs, avoiding the cost of using operational aircraft.
AAI Services Corporation is a wholly owned subsidiary of AAI Corporation, which is a wholly owned subsidiary of United Industrial Corporation.
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, including without limitation, program cancellations and changes in program funding, 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.
