United Defense Announces Executive Appointments

    ARLINGTON, Va.--Jan. 27, 2003--United Defense Industries, Inc. today announced the appointment of a former commanding general, United States Army Forces Command, Jay Hendrix, as its Vice President of Marketing and Business Development, succeeding Dennis Wagner in that position.
    Hendrix brings 35 years of experience and insight into the needs of the company's domestic customers and will lead business development initiatives for the company. Hendrix retired from the Army in 2001.
    Dennis Wagner, who has lead business development for the company during the past eight years, has been named Vice President and General Manager of International Division, succeeding Art Roberts who is retiring. A 21-year veteran of United Defense, Wagner will oversee all sales of the company's ground and amphibious vehicles outside the United States. He will also manage several international joint ventures and co-production programs.
    United Defense is a leader in the design, development and production of combat vehicles, artillery, naval guns, missile launchers and precision munitions used by the U.S. Department of Defense and allies worldwide and America's largest non-nuclear ship repair, modernization, overhaul and conversion company. To learn more about United Defense, visit 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 Quarterly Report on Form 10Q for the quarter ended June 30, 2002 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.