HUNT VALLEY, Md., Aug. 15 /PRNewswire-FirstCall/ -- United Industrial Corporation announced today that its AAI Corporation subsidiary has received an $8.6 million order from the Royal Australian Navy to upgrade six On-Board Training (OBT) systems and two land-based software support centers for the service's guided missile frigates.
AAI has supported the Royal Australian Navy's OBT initiative since 1999, beginning with the delivery of six sets of training systems and software support centers for the service's FFG-class frigates.
Under the new award, AAI will modify the initial systems to meet the ships' latest inertial navigation and surface to air missile system configurations. Deliveries will begin in 30 months and extend through the ensuing four years.
The new systems will be interoperable with the U.S. Navy's Total Ships Training program. AAI has a number of significant OBT contracts with the U.S. Navy, including permanently installed on-board Generic Navy Stimulator/Simulator radar and weapon systems trainers and a complete family of Carry-On Combat Systems Trainers.
"This latest award expands our strong relationship with the Royal Australian Navy and is an endorsement of our on-board training technologies and support structure," said Robert J. Peters, vice president of AAI's Training Systems. "The fact that the Royal Australian Navy awarded this contract directly demonstrates the confidence the service has in AAI."
AAI's OBT systems operate over a wide area network, giving radar and weapon systems operators and tacticians the ability to practice combat and operational skills on their own equipment in a common synthetic environment. Skills derived from on-board training provide "train like you fight" experience and are directly transferable to real world tactical operations.
United Industrial Corporation designs, produces, and supports aerospace and defense systems through its wholly owned subsidiary, AAI Corporation, and AAI Corporation's direct and indirect wholly owned subsidiaries, AAI Services Corporation, Aerosonde Pty Ltd, Aerosonde North America Incorporated, ESL Defence Limited, McTurbine Inc., and Symtx, Inc. Its high-technology products and services include unmanned aircraft systems, training and simulation systems, automated aerospace test and maintenance equipment, armament systems, aviation ground support equipment, logistical and engineering services, and maintenance, repair, and overhaul activities.
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 may contain 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, 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.
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