EX-21 5 d14165_ex21.htm

EXHIBIT 21

SUBSIDIARIES OF UNITED INDUSTRIAL CORPORATION

March 4, 2004

Name
   
 State
(or jurisdiction)
in which
Incorporated
    
 Approximate
Percentage of
Voting Securities
Owned by
Immediate Parent
AAI Corporation
               
Maryland
     
100%(a)
AAI Engineering Support, Inc.
               
Maryland
     
100(b)
AAI/ACL Technologies, Inc.
               
Maryland
     
100(b)
AAI/ACL Technologies Europe Limited
               
Great Britain
     
100(c)
AAI Australia Pty Ltd.
               
Australia
     
100(b)
AAI Romania Technologies, S.R.L.
               
Romania
     
100(b)
Detroit Stoker Company
               
Michigan
     
100(a)
 

(a)  
   Percentage owned by United Industrial Corporation.

(b)     Percentage owned by AAI Corporation.

(c)     Percentage owned by AAI/ACL Technologies, Inc.

 
All of the subsidiaries listed above are included in the consolidated financial statements of United.

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