United Defense Receives $29.3M Track Order

ANNISTON, Ala.--Nov. 5, 2003--United Defense Industries Inc. has received an order for 556,000 T-157 and T-150F track shoes needed for the Army's Bradley Fighting Vehicles and M113 Armored Personnel Carriers.

The $29.3 million contract from Goodyear Tire and Rubber Company for forged metal track shoes will be performed at the company's facility in Anniston, Alabama. The order introduces the T-150F track which is a new longer life track, designed and developed by United Defense for the M113 variants.

"The increased operating tempo of these combat vehicles requires delivery as soon as possible. We expect to begin delivery in December 2003 and complete delivery by January 2005," said Robert Houston, Vice President and General Manager.

In addition to military track shoes, the Anniston facility produces torsion bars and suspension components for armored vehicles, as well as other forged products for the mining, oilfield and valve markets.

About United Defense Industries, Inc.

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 Industries, Inc. 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 September 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.