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MK AND METRA WIN COURT APPROVAL ON $380 MILLION METRA CONTRACT

 MK AND METRA WIN COURT APPROVAL ON $380 MILLION METRA CONTRACT
 BOISE, Idaho, April 8 /PRNewswire/ -- The following is being issued by Morrison Knudsen Corp.:
 A Chicago court hearing yesterday resulted in the undisputed award of a $380 million transit-car contract to Morrison Knudsen Corp. (NYSE: MRN) from Metra, the commuter rail system that serves northeast Illinois.
 Bombardier Inc. of Canada, the losing bidder in the competition, had filed suit against Metra challenging the procurement process. That suit was dismissed yesterday.
 "We were confident of the merits of the case. We had the lowest bid and the highest domestic content," said William J. Agee, MK chairman and chief executive officer. "Metra conducted a very fair procurement process. Now that the suit is behind us, we can focus all of our resources on renovating the Pullman plant, performing the work for Metra and creating jobs for Chicago."
 The Metra contract calls for MK to manufacture 173 new transit cars and remanufacture 140 existing transit cars. The cars will be produced in the South Chicago facility which currently is being renovated by MK. Delivery of the final new cars and remanufactured units is scheduled for December of 1995.
 The new cars will be push-pull commuter coaches and the cars to be remanufactured are self-propelled commuter rail cars. Both are double-decker units and will be handicapped accessible.
 Current MK transit-car contracts include a $208 million order from the Chicago Transit Authority, a $155 million order from the California Department of Transportation (Caltrans) and a $142 million order from the Bay Area Rapid Transit District (BART).
 Morrison Knudsen Corp. is an international company serving the environmental, industrial process, power and transportation markets with complete development, design/engineering, construction, operating and financial services.
 -0- 4/8/92
 /CONTACT: Jeff Hawley of Morrison Knudsen, 208-386-6630/
 (MRN) CO: Morrison Knudsen Corp. ST: Idaho IN: TRN SU: CON


CH-SE -- LA014 -- 6162 04/08/92 10:44 EDT
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Date:Apr 8, 1992
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