NEWS
By Frederick N. Rasmussen, The Baltimore Sun and Baltimore Sun reporter | April 18, 2011
Edward T. Kusterer, a retired mechanical engineer and World War II veteran, died April 4 of heart failure at Stella Maris Hospice in Timonium. He was 94. Mr. Kusterer was born in Richmond, Va., and moved to the city's Pimlico neighborhood in 1918. He was a 1934 graduate of Calvert Hall College High School. He was working as a bank teller at the old Maryland Trust Co. on Eutaw Street when he was drafted in 1941 into the Army Air Corps. After being commissioned a second lieutenant, he joined the 99th Bomb Group, 346th Squadron in Oran, Algeria.
BUSINESS
By Hanah Cho, The Baltimore Sun | March 3, 2011
AAI Corp., the Hunt Valley company known for its Shadow spy plane, notified 50 employees Thursday that they are being laid off in the next two weeks. Anna-Maria Palmer, AAI's vice president of human resources, said Thursday that those positions were being eliminated to reduce job overlaps and to be more efficient. AAI employs 1,600 workers in Hunt Valley. Palmer said affected workers were encouraged to apply for 40 job openings in Hunt Valley as well as 140 openings at AAI offices throughout the country.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | January 18, 2011
AAI Corp., the Hunt Valley company most known for its Shadow spy plane, is being split into three separate units by its parent company. Textron Inc., which has owned AAI since 2007, said it was dividing the company to make it more efficient and to better serve customers. The new units are: AAI Unmanned Aircraft Systems, AAI Test & Training and AAI Logistics & Technical Services. Each unit will be headed by separate senior vice presidents and general managers. Ellen Lord, AAI's current senior vice president and general manager, will now lead Textron Defense Systems.
BUSINESS
By ALLISON CONNOLLY and ALLISON CONNOLLY,SUN REPORTER | May 9, 2006
Shares of United Industrial Corp. tumbled more than 20 percent yesterday after the Hunt Valley company reported first-quarter profit down nearly one-third from a year ago. While the manufacturer of unmanned aerial vehicles and aircraft training simulators saw a 28 percent increase in revenue for the quarter, officials blamed the sharp drop in profit on a property sale a year ago that boosted earnings. Excluding the one-time gain, the company missed analysts' forecasts by 5 cents a share.
NEWS
By FREDERICK N. RASMUSSEN and FREDERICK N. RASMUSSEN,SUN REPORTER | March 18, 2006
James R. Cooley, an AAI Corp. engineer and avid hiker who never lost his affection for New Hampshire's White Mountains, died of melanoma Monday at Gilchrist Center for Hospice Care. The Reisterstown resident was 53. Mr. Cooley was born in Middletown, Conn., and raised in Portland, Conn. After graduating from high school in 1970, he attended Rensselaer Polytechnic Institute, where he earned a bachelor's degree in electrical engineering in 1974 and a master's a year later. While at Rensselaer, part of Mr. Cooley's graduate work involved heading up the design of the electronics installed on the Mars Rover project, which was contracted from NASA's Jet Propulsion Laboratory.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | June 11, 2004
United Industrial Corp. took a final step in the long, slow surrender to its Maryland-based progeny yesterday, agreeing to change its name to that of the Hunt Valley subsidiary that accounts for more than 90 percent of its annual business - AAI Corp. The company's New York headquarters closed months ago, relocated to the Industry Lane campus where AAI manufactures pilotless aircraft and military testing and training equipment. The last of the old family owners retired when the New York office shut down, having watched United Industrial's once-far-flung holdings get sold off and winnowed down to two remaining businesses.