USCF ETF Trust (NYSE:UDI)
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United Defense Industries, Inc. (NYSE:UDI) United
Defense Industries, Inc. (NYSE:UDI) has received a $12.8 million
contract modification from the U.S. Marine Corps Systems Command to
upgrade 56 Assault Amphibious Vehicles (AAV7) to the RAM/RS
configuration to support Marine Corps units.
This program is a joint effort with the Marine Corps Logistics
Command in Albany, Ga., under the direction of the Program Manager,
Amphibious Assault Vehicle Systems, Marine Corps Systems Command, in
Quantico, Va. Under this modification, United Defense will
remanufacture government furnished AAVP7 hulls to the RAM/RS
(Reliability, Availability and Maintainability/Rebuild to Standard)
configuration.
Under the contract, machining and procurement of parts for the
government furnished hulls will be done at United Defense's facility
located at the Marine Corps Logistics Base in Albany, Ga. Vehicles are
being assembled by depot personnel. Work will be completed during
2006.
The AAVP7 RAM/RS system provides superior mobility for
transporting troops and cargo from ship to shore. The RAM/RS version
was originally designed for the U.S. Marine Corps to include a more
powerful turbocharged diesel engine and power train and a Bradley
Combat System suspension, providing superior durability and
maintainability.
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.