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DRAVO CORPORATION ISSUES ANNOUNCEMENT

 PITTSBURGH, Aug. 25 /PRNewswire/ -- Dravo Corporation (NYSE: DRV) announced today that efforts to mediate its long-running legal dispute with the City of Long Beach, Calif., over a waste-to-energy plant it constructed for the city in the 1980s has been terminated.
 The mediation process was begun in December 1992, in an effort to resolve a lawsuit involving amounts owed Dravo for construction and operation of the plant and deficiencies in the plant alleged by the city.
 Carl A. Torbert Jr., Dravo's president and chief executive officer, said, "While I am deeply disappointed that efforts to reach a settlement of the overall dispute eluded us, it should be noted that a plant betterment plan initiated and financed by Dravo in connection with this process has demonstrated the potential for enhancing the plant's future performance, thereby ensuring its ongoing financial viability. This plan should mitigate the prospect of open-ended claims regarding the plant's future performance."
 The lawsuit will now resume in federal court in Los Angeles. A trial is not likely to commence for several years.
 -0- 8/25/93
 /CONTACT: Ron Sommer of Dravo, 412-566-5597/
 (DRV)


CO: Dravo Corporation ST: Pennsylvania, California IN: CST SU:

DM-CC -- PG010 -- 5857 08/25/93 16:26 EDT
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Publication:PR Newswire
Date:Aug 25, 1993
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