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LOGICON REPORTS GAINS IN SECOND QUARTER, SIX MONTH RESULTS

 LOGICON REPORTS GAINS IN SECOND QUARTER, SIX MONTH RESULTS
 LOS ANGELES, Oct. 26 /PRNewswire/ -- Logicon, Inc. (NYSE: LGN) today announced results for its fiscal 1993 second quarter and six months which ended Sept. 30, 1992. The company reported gains in revenues, net income and earnings per share.
 Net income in the second quarter was $3.7 million, or 49 cents per share compared with a net income of $3.2 million, or 42 cents per share in the second quarter a year ago. Revenues in the period were $79.2 million compared with revenues of $69.8 million in the second quarter of fiscal 1992.
 For the first six months of fiscal 1993, the company had net income of $7.2 million, or 94 cents per share on revenues of $153.5 million, compared with net income of $6.3 million, or 82 cents per share on revenues of $141.8 million in the first half of fiscal 1992.
 Logicon is a leader in providing advanced technology systems and services to support national security, civil and industrial needs.
 LOGICON INC.
 Financial Summary
 (Unaudited)
 Three Months Ended Six Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Revenues $79,247,000 $69,751,000 $153,544,000 $141,792,000
 Income before
 taxes on
 income 5,994,000 5,230,000 11,689,000 10,177,000
 Net income 3,709,000 3,245,000 7,233,000 6,275,000
 Earnings
 per share $.49 $.42 $.94 $.82
 Average shares
 outstanding 7,575,000 7,727,000 7,669,000 7,649,000
 -0- 10/26/92
 /CONTACT: John C. Tuffy or Derek Sullivan of Logicon, 310-373-0220, ext. 260/
 (LGN) CO: Logicon Inc. ST: California IN: ARO SU: ERN


KJ-JB -- LA015 -- 4576 10/26/92 09:01 EST
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Publication:PR Newswire
Date:Oct 26, 1992
Words:298
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