United Defense Awarded $7.6M Contract Modification to Procure Mod Kits to Fit Paladin, FAASV For Newest Ammunition.Business Editors YORK, Pa.--(BUSINESS WIRE)--Sept. 10, 2003 United Defense Industries, Inc. (NYSE NYSE See: New York Stock Exchange :UDI (1) (Unified Display Interface) A digital interface from the United Display Interface SIG that is designed to replace the analog VGA interface common on CRTs and flat panel monitors. UDI is expected to provide backward compatibility with DVI and HDMI interfaces. ) has been awarded a $7.6 million contract modification to procure kits to modify M109A6 Paladin Paladin archetypal gunman who leaves a calling card. [TV: Have Gun, Will Travel in Terrace, I, 341] See : Wild West self-propelled howitzers and M992 Field Artillery Ammunition Supply Vehicles (FAASVs) for the newest U.S. Army projectile projectile something thrown forward. projectile syringe see blow dart. projectile vomiting forceful vomiting, usually without preceding retching, in which the vomitus is thrown well forward. and propelling charges. Under the modification issued by the Army's Tank-automotive and Armaments Command to an existing Systems Technical Support contract, United Defense will provide 219 sets of modification kits in association with the Army's new Modular Artillery Charge System (MACS) and to incorporate provisions for the 155mm precision guided, extended range Excalibur projectile under development by the Army, the Swedish defense procurement agency, Raytheon and United Defense Industries, Inc. subsidiary, Bofors Defense AB. "This award is part of the ongoing effort to ensure that Paladin remains compatible with the latest munition technologies, and continues to provide our soldiers with indispensable lethality on the modern battlefield," said Adam Zarfoss, United Defense Program Director for M109 Vehicle Systems. The 219 sets of kits will retrofit the first portion of the Army's Paladin and FAASV FAASV Field Artillery Ammunition Support Vehicle FAASV Field Artillery Ammunition Supply Vehicle FAASV Filipino-American Association of Stafford Virginia, Inc. fleet, with deliveries scheduled to begin in early 2004. The Army has more than 950 Paladins and over 930 FAASVs in inventory. About United Defense Industries, Inc. United Defense designs, develops and produces combat vehicles, artillery, naval guns, missile launchers and precision munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with 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. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002, the Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2003, and 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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