United Defense Industries Inc.
1525 Wilson Blvd., Suite 700
Arlington, Va. 22209
www.uniteddefense.com Year founded: 1994 Industry: Aerospace/defense Revenue: $2.05 Billion Net Income/Loss: $140.65 Million Earnings per share: $2.66 Dividend: n/a Stockholder equity: $127.08 Million Auditor: Ernst & Young LLP Stock: UDI Assets: $1.59 Billion Market capitalization: $1.75 Billion 52-week high: 34.31 1/23/2004 52-week low: 21.46 4/14/2003 President and CEO: Thomas W. Rabaut CFO: Francis Raborn Employees: 7300 Local employees: 50 Description: United Defense Industries makes combat vehicles and missile launchers and repairs ships. The government accounts for almost 80 percent of its revenue. Developments: Last year the company received a $2 billion contract from Boeing to develop a manned vehicle as part of a family of vehicles for the Army's Future Combat Systems, a project that digitally links vehicles and aircraft. The Coast Guard also selected United Defense's Bofors 57mm naval gun for its Deepwater National Security Cutter, the Coast Guard's newest and largest ship used for homeland defense. Fixing ships remains half of the company's business. Last year United Defense's ship repair work for the United States accounted for about a third of the company's $2 billion revenue. The ship-repair unit is the largest non-nuclear ship-repair company in the country with shipyards in Norfolk, San Diego and Pearl Harbor. The company's biggest customers are the Army and Navy. Doug Coffey, a United Defense spokesman, said the company plans to focus this year on selling missile launcher canisters for the Navy's new combat ships. United is also working on developing the next generation of launchers. The company also plans to focus on improving the technology used in the composite armor for combat vehicles. The Army is trying to make its vehicles lighter and faster, which means the armor on those vehicles must also be lighter while still providing the same level of protection. Earlier this year, United Defense took a major blow when the high-powered venture capital firm Carlyle Group, which took United Defense public in 2001, said it would cut its ownership to 8.5 percent from 21.5 percent. Carlyle had owned 100 percent of United Defense before its public offering. United Defense announced this past March that it would buy back as much as $100 million of its shares during the next year, which should help raise the price. Executive Compensation
President and CEO: Thomas W. Rabaut
Total Cash: $1,130,940.00
Total Compensation: $5,544,625.00 CFO: Francis Raborn
Total Cash: $569,143.00
Total Compensation: $2,821,132.00
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