United Defense's Steel Products Division to Produce Track for Main Battle Tank

ANNISTON, Ala.--Aug. 5, 2003--United Defense Industries, Inc announced that its Anniston facility has received a $26 million contract from Goodyear Tire and Rubber Company for track shoes needed for the U.S. Army's M-1 Abrams Main Battle Tank.

Steel Products Division in Anniston will produce the forged metal components for 514,500 track shoes. "We are adding capacity to all three shifts to double our normal production of T-158 shoes to get this work accomplished," said David Sanders, the Business Development Manager.

Steel Products Division produces military track shoes, torsion bars and suspension components for armored vehicles, as well as other forged products for the mining, oilfield and valve markets. "The U.S. military relies on our forge facility and military track design programs for most all of its armored tracked vehicles, including the Bradley Fighting Vehicle, the M113 Armored Personnel Carrier, and the Amphibious Assault Vehicle," said Robert Houston, Division General Manager.

About United Defense

United Defense designs, develops and produces combat vehicles, artillery, naval guns, missile launchers and precision munitions used by the U.S. Department of Defense and allies worldwide, and provides non-nuclear ship repair, modernization and conversion to the U.S. Navy and other U.S. Government agencies. To learn more about United Defense, visit http://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 Annual Report on form 10-K for the year ended December 31, 2002, the Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, and 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.