News Release

The Carlyle Group Sells One Million Shares of United Defense for Tax Planning Purposes


Washington, DC– The Carlyle Group today announced that its affiliate Iron Horse Investors, L.L.C., has sold 1 million shares of United Defense Industries, Inc. common stock pursuant to federal securities Rule 144.The sale was undertaken for tax planning purposes in connection with the anticipated consummation of United Defense’s acquisition of United States Marine Repair, Inc. After completion of this sale, Iron Horse Investors, L.L.C. and other affiliates of The Carlyle Group continue to hold approximately 24 million shares of United Defense.