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UNC RECEIVES $67.5 MILLION FROM LEGAL SETTLEMENT

 UNC RECEIVES $67.5 MILLION FROM LEGAL SETTLEMENT
 ANNAPOLIS, Md., Jan. 15 /PRNewswire/ -- UNC Incorporated (NYSE: UNC)


announced today that a subsidiary, United Nuclear Corporation, has received $67.5 million in cash under the previously announced agreement with the U.S. government to settle the company's legal action for a taking of uranium leases in 1978 by the Secretary of the Interior.
 Proceeds will principally be used to reduce debt.
 UNC also stated that it expects its just-ended fourth quarter net earnings to be on target. Furthermore, the company's total debt at Dec. 31, 1991, was $10.4 million less than the beginning of the year, with almost all of that reduction occurring in the fourth quarter.
 UNC Incorporated, listed on the New York Stock Exchange, manufactures and remanufactures engine and airframe parts, overhauls aircraft accessories, overhauls aircraft engines and provides contract aviation services.
 -0- 1/15/92
 /CONTACT: David L. Dragics of UNC, 301-266-7333/
 (UNC) CO: UNC Incorporated ST: Maryland IN: ARO SU:


LJ -- PH004 -- 9869 01/15/92 09:18 EST
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Publication:PR Newswire
Date:Jan 15, 1992
Words:173
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