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United Defense Industries, Inc. (NYSE:UDI) has been
awarded contract modifications worth up to $471 million for the
transition effort for Manned Ground Vehicles for the U.S. Army's
Future Combat Systems.
United Defense was awarded the modifications to its previous
Future Combat Systems (FCS) Manned Ground Vehicle (MGV) contracts
issued in 2003 by The Boeing Company, the FCS Lead Systems Integrator
(LSI) for the U.S. Army.
"United Defense, as part of the FCS One Team, is working to
develop and field a family of highly deployable Manned Ground Vehicles
that will be key supporting systems linked through the overarching
network that will enable the FCS-equipped Units of Action to
effectively complete their missions," said Raj Rajagopal, Vice
President and FCS Program Director for United Defense.
These modifications augment the original FCS MGV contracts awarded
in December 2003 for the development and demonstration of a family of
MGVs for FCS. The current modification extends the contract period of
performance from FY09 to FY12, and increases the total potential value
to $2.57 billion.
The current modifications call for a transition effort intended to
mitigate risk while accelerating the fielding of the Non-Line-of-Sight
Cannon (NLOS-C) increment 0 vehicles and providing engineering support
for the FCS Recovery and Maintenance Vehicle (FRMV). Overall program
prototype quantities have been increased due to an additional quantity
of Medical Vehicle (MV), Non-Line-of-Sight Mortar and FRMV prototypes.
United Defense is scheduled to deliver an increment of NLOS-C
prototypes by December 2008, and develop all MGV prototypes by
mid-2010.
This modification calls for key technologies and selected
component maturation to be accelerated to enable the FCS program to
spiral out mature technologies for early deployment to the Current
Force.
Under the FCS MGV contract, United Defense has responsibility for
five MGV variants: NLOS-C; Infantry Carrier Vehicle (ICV); Medical
Vehicle (MV); Non-Line of Sight Mortar (NLOS-M), and FRMV.
NLOS-C has been identified by the Army as critical and integral to
the FCS-equipped Units of Action. The highly successful NLOS-Cannon
system demonstrator has been undergoing successful live fire testing
and mobility testing at Yuma Proving Ground, and recently fired its
1,000th round.
United Defense is teamed with General Dynamics to lead the MGV
development effort, and has formed integrated design teams to develop
and demonstrate a family of eight manned ground vehicles featuring a
common platform design with common components and subsystems, with
unique mission modules and all the variants linked together by
networked battle command. These new vehicles are to be significantly
smaller and lighter than the systems they replace and are designed to
fit inside a C-130 transport aircraft.
Within the common design team, United Defense has the lead for
Crew Stations, Propulsion, Armor, Survivability, Active Protection,
Countermeasures, Signature Management and Defensive Armament. United
Defense also leads the software architecture and development
environment across all elements of MGV design.
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.