| | United Industrial Reports Financial Results for Second Quarter of 2006 |
 | | The decrease in operating margins of the Defense segment was the result of higher pension expense of $0.7 million and product mix, in the second quarter of 2006 compared to the second quarter of 2005. |
 | | Net income from continuing operations for the second quarter of 2006 increased 27.4% to $10.6 million, or $0.74 per diluted share, from $8.3 million, or $0.60 per diluted share, during the same period in 2005. |
 | | The increased Shadow 200 TUAS logistical support activity was due to the growing number of flight hours that resulted from an increasing number of fielded systems and utility, especially by those fielded by the U.S. Army in Operation Iraqi Freedom. |
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