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HARMON REPORTS COMPLETION OF PUBLIC OFFERING

 BLUE SPRINGS, Mo., April 28 /PRNewswire/ -- Harmon Industries Inc. (NASDAQ: HRMN), a leading supplier of signal and train control products to railroads throughout North America and the world, reported the public offering of 1,000,000 shares of its common stock at $13.375 per share to an underwriting group led by Piper Jaffray Inc. and George K. Baum & Co. Of the shares being offered, 715,000 are being sold by the company, and 285,000 are being sold by certain current stockholders. The underwriters have an over-allotment option to purchase from the company up to 150,000 additional shares.
 Harmon will use the proceeds of the offering to reduce outstanding debt, finance capital expenditures and research and development costs, increase working capital and permit possible acquisitions.
 Harmon Industries Inc. trades on the NASDAQ Stock Market under the symbol "HRMN." For further information, contact Charles M. Foudree, executive vice president-finance and chief financial officer, Harmon Industries Inc., 1300 Jefferson Court, Blue Springs, MO 64015. The telephone number is 816-229-3345.
 -0- 4/28/93
 /CONTACT: Charles M. Foudree, executive VP-finance and CFO of Harmon Industries, 816-229-3345/
 (HRMN)


CO: Harmon Industries Inc. ST: Missouri IN: SU: OFR

MS-LS -- DV014 -- 2345 04/28/93 18:10 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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