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United Defense to Purchase Kaiser Compositek

30 January 2004

United Defense Industries has agreed to purchase Kaiser Compositek to expand its capabilities in the design and fabrication of lightweight materials for naval and ground combat systems.

The acquisition is expected to close during the first quarter of 2004. Kaiser provides design, analysis, prototyping, and development capabilities and has a manufacturing capability with a full array of composite processes, including filament winding, resin transfer molding, autoclave molding, compression molding, and surface finishing. Kaiser Compositek had 2003 revenues exceeding $14 million.

""Our naval and ground combat customers are transforming their forces with lighter weight combat systems,"" said Keith Howe, Vice President and General Manager of the Armament Systems Division of United Defense. ""The acquisition of Kaiser Compositek is a perfect fit for our ongoing efforts to substitute lightweight composites and other advanced materials for traditional metal components in the designs of current and future weapon systems.""