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LOGICON REPORTS FISCAL 1992 RESULTS

 LOGICON REPORTS FISCAL 1992 RESULTS
 LOS ANGELES, May 28 /PRNewswire/ -- Logicon Inc. (NYSE: LGN) today


reported net income of $13.5 million, or $1.74 per share on revenues of $299.1 million for the company's fiscal year which ended March 31, 1992. In the prior fiscal year the company reported net income of $8.6 million, or $1.07 per share on revenues of $260.0 million.
 Fourth quarter net earnings for fiscal year 1992 were $3.7 million, or 47 cents per share on revenues of $81.3 million. The company reported net earnings of $2.5 million, or 33 cents per share on revenues of $69.6 million in the fourth quarter of fiscal year 1991.
 Results for both the fourth quarter of fiscal 1992 and the full year include a $2 million reduction in federal income taxes due to research and development credits, which was offset by reserves for accounts receivable and litigation expenses. Fiscal year 1991 results included a pre-tax provision for loss of $2.75 million related to fixed-price development contracts.
 Logicon is a leader in providing advanced technology systems and services to support national security, civil and industrial needs.
 LOGICON INC.
 Summary of Financial Results
 Three Months Ended Fiscal Year Ended
 March 31, (a) March 31,
 1992 1991 1992 1991
 Revenues $81,329,000 $69,606,000 $299,145,000 $259,959,000
 Income before
 taxes on
 income 2,649,000 4,161,000 18,597,000 14,122,000
 Net income 3,682,000 2,528,000 13,493,000 8,577,000
 Earnings per
 share $.47 $.34 $1.74 $1.07
 Average shares
 outstanding 7,809,000 7,537,000 7,733,000 7,994,000
 (a) Unaudited
 -0- 5/28/92
 /CONTACT: John Tuffy or Derek Sullivan of Logicon, 310-373-0220/
 (LGN) CO: Logicon Inc. ST: California IN: ARO SU: ERN


SE-KJ -- LA009 -- 4580 05/28/92 09:02 EDT
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Publication:PR Newswire
Date:May 28, 1992
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