United Defense Receives More than $44 Million for Production of Naval Guns
June 16 2005 - 5:35AM
Business Wire
United Defense Industries, Inc. (NYSE:UDI) has been awarded a $44.1
million contract modification by the Naval Sea Systems Command for
the production of three Mk 45 Mod 4 Naval Gun systems. The 5-inch,
62-caliber Mk 45 Mod 4 is a fully-automated naval gun capable of
supporting anti-surface, strike, fire support and anti-air warfare
missions. Production work will be performed in Minneapolis, MN, and
Louisville, KY, and is expected to be completed during 2007. The
three guns ordered by the Navy are for installation aboard the
Navy's DDG 110 through DDG 112. "Production of major caliber naval
gun systems has been an important part of our history for more than
60 years," said Keith Howe, Vice President and General Manager of
United Defense's Armament Systems Division. "Today we are building
new Mk 45 naval guns, overhauling existing Mk 45 naval guns,
designing and developing a new 155-mm Advanced Gun System for the
DD(X) program, and beginning to build and deliver smaller caliber
naval gun systems like the 25-mm Mk 38 Mod 2 Machine Gun and the
57-mm Mk 110 Naval Gun. Delivering naval guns and new naval gun
technology to the Navy is a part of who we are, and will continue
to be a core capability." About United Defense United Defense
designs, develops and produces combat vehicles, artillery, naval
guns, missile launchers and precision 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. To learn more about United
Defense, visit http://www.uniteddefense.com. 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 for the year ended December 31, 2004, and in 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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