United Defense Receives $376 Million U.S. Navy Contract to Continue Gun System and Projectile Development for Future Destroyer
07 Juni 2005 - 2:10PM
Business Wire
United Defense Industries, Inc. (NYSE:UDI) has been awarded a $376
million contract from the Naval Sea Systems Command, Washington,
DC, for the continuation of design, development and test of the
Advanced Gun System (AGS), including the fully automated gun,
magazine and the Long Range Land Attack Projectile (LRLAP), for use
aboard the Navy's new DD(X) Destroyer. "This contract award
recognizes the importance of the Advanced Gun System and its LRLAP
ammunition to the Navy to perform long-range fires in support of
the Marines in future land attack scenarios," said Jim
Schoppenhorst, program director for the DD(X) program at United
Defense, Armament Systems Division. "This award to United Defense
by the Navy keeps the development of the AGS and LRLAP on schedule
- a key component of the development of the DD(X) ship going
forward." The Advanced Gun System is intended to be a fully
automated, single barrel, 155-mm, vertically loaded, stabilized gun
mount that is capable of storing, programming, loading, and firing
the Long Range Land Attack Projectile. The DD(X) design calls for
each destroyer to have two Advanced Gun Systems aboard, with up to
900 rounds of LRLAP ammunition available for the guns. The primary
mission for the AGS is Land Attack Warfare in support of ground and
expeditionary forces beyond the line-of-sight in the DD(X) System's
littoral engagement area, where precise, rapid-response,
high-volume, long-range fire support are required. Work is expected
to be completed by September 2010. 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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