United Defense Industries Aktie

United Defense Industries für 0 Euro bei ZERO ordern (zzgl. Spreads)

WKN DE: 764387 / ISIN: US91018B1044

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25.04.2005 13:26:00

Navy Lifts Stop Work Order as GAO Rules in Favor of United Defense Shi

Navy Lifts Stop Work Order as GAO Rules in Favor of United Defense Ship Repair Contract


    Business Editors/Defense Writers

    NORFOLK, Va.--(BUSINESS WIRE)--April 25, 2005--United Defense Industries, Inc. (NYSE: UDI) announced today that the Government Accountability Office ruled in favor of the U.S. Navy's Best Value Award decision to the Company's Norfolk, Virginia, shipyard, NORSHIPCO, of the Amphibious Assault Ship, LHA/LHD, multi-ship, multi-option contract, originally awarded in December, 2004.
    The GAO decision to deny the protest allows the Navy and NORSHIPCO to immediately resume repairs and modernization of the LHA/LHD class of vessel.

    About United Defense Industries, Inc.

    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 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.

--30--CD/ny*

CONTACT: United States Marine Repair Jackie Kreisler, 619-557-4289 kreislerj@swmarine.com or United Defense Industries, Inc. Doug Coffey, 703-312-6121 doug.coffey@udlp.com

KEYWORD: VIRGINIA DISTRICT OF COLUMBIA INDUSTRY KEYWORD: AEROSPACE/DEFENSE GOVERNMENT TRANSPORTATION SOURCE: United Defense Industries, Inc.

Copyright Business Wire 2005

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