HUNT VALLEY, Md., Oct. 25 /PRNewswire-FirstCall/ -- United Industrial Corporation (NYSE:UIC) announced today that its AAI Services Corporation subsidiary has won a contract extension of up to five years from the Federal Highway Administration (FHWA) to continue providing support services for the agency's Highway Driving Simulator (HDS).
The HDS provides simulation capabilities in support of research and development of new and safer highway technologies.
The contract, which has a two-year base period and three one-year options, has a total potential value of more than $4 million. The work will be performed at the Turner-Fairbanks Highway Research Center (TFHRC) in McLean, Va., by AAI Services, a wholly owned subsidiary of AAI Corporation.
"We are extremely pleased to have been selected in the re-competition to continue working with the world highway community in providing our capabilities and experience to support this system," said AAI Services President Paul Lavin.
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. DATASOURCE: United Industrial Corporation CONTACT: IR, Stuart F. Gray +1-410-628-8686, , or Media, Sharon C. Corona, +1-410-628-3184, , both of AAI Services Corporation Web site: http://www.unitedindustrial.com/ http://www.aaicorp.com/ Company News On-Call: http://www.prnewswire.com/comp/113559.html
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