United Defense Industries Inc.

1525 Wilson Blvd., Suite 700

Year founded: 1994

Industry: Aerospace/defense

Post 200 Category: Top 125 Companies

Revenue: $2.29 Billion

Net Income/Loss: $166.11 Million

Earnings per share: $3.15

Dividend: n/a

Stockholder equity: $226.12 Million

Auditor: Ernst & Young LLP

Stock: UDI

Assets: $1.60 Billion

Market capitalization: $3.75 Billion

52-week high: 74.15 4/13/2005

52-week low: 31.55 5/24/2004

President and CEO: Thomas W. Rabaut

CFO: Francis Raborn

Employees: 8200

Local employees: 61

Description: United Defense Industries makes combat vehicles, including the Bradley Fighting Vehicle, and missile launchers. The company also repairs ships.

Developments: United Defense's revenue increased 11.7 percent last year as the Iraq war boosted demand for repairs and upgrades to its Bradley Fighting Vehicles. Its revenue reached $2.29 billion in 2004, including $368.9 million from its Bradley business, which increased 26 percent over 2003. The company is expected to continue to benefit this year from war spending as the military replaces equipment destroyed in combat and modernizes other equipment, but as part of a much bigger defense contractor. In March, United Defense agreed to be bought for about $4.2 billion by BAE Systems PLC, the European defense contractor. The deal, industry analysts said, was a recognition that the Pentagon will be increasing Army spending, and it creates a more formidable competitor to Falls Church-based General Dynamics Corp. Last year, United Defense expanded its franchise into composite materials used in body armor and military vehicles with its $21 million acquisition of Cercom Inc. of Vista, Calif. The company also acquired Kaiser Compositek Inc. of Brea, Calif., which makes lightweight protective materials for military platforms, including the V-22 Osprey tilt-rotor aircraft. United Defense paid about $8.5 million for Kaiser. United Defense's ship repair business received a boost from its $16 million acquisition of Honolulu Shipyard Inc. Venture capital firm Carlyle Group, which took United Defense public in 2001, sold its remaining interest in the firm last year. Carlyle made more than $1 billion from its $175 million investment in United Defense.

Executive Compensation
President and CEO: Thomas W. Rabaut
Total Cash: $1,254,540.00
Total Compensation: $3,290,105.00