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United Defense Completes Acquisition of Kaiser Compositek

01 March 2004

United Defense Industries has completed its acquisition of the assets of Kaiser Compositek for $ 8.5 million to enhance and expand the development of highly advanced weapon systems and combat vehicles for the armed forces.

Kaiser Compositek, located in Brea, Calif., is a provider to government and industry sectors with particular emphasis on primary structures fabricated with polymeric composites. Kaiser provides design, analysis, prototyping, and development capabilities and has a manufacturing capability with a broad array of composite processes, including filament winding, resin transfer molding, autoclave molding, compression molding, and surface finishing. KCI revenue for 2003 was in excess of $ 14 million.

""This acquisition expands our ability to meet customer needs in the areas of lighter weight gun and missile launching systems for our naval and ground combat customers,"" said Keith Howe, Vice President and General Manager of United Defense's Armament Systems Division. ""The addition of KCI products, capabilities, and people to our corporate family strengthens our full range of product offerings and allows us to leap forward in our ongoing research and development of lighter weight components for our current and future combat systems.""