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MORRISON KNUDSEN RECEIVES $55 MILLION CONTRACT OPTION FROM CALTRANS TO MANUFACTURE 25 RAIL TRANSIT CARS

 BOISE, Idaho, Dec. 2 /PRNewswire/ -- Morrison Knudsen Corp. (MK) (NYSE: MRN) announced today it has received a contract option worth $55 million to manufacture 25 rail transit cars for the California Department of Transportation (Caltrans).
 The new order is an addition to a $155-million, 88-car contract MK received from Caltrans in 1992.
 "This award underscores the confidence Caltrans has in MK to provide world-class California cars built by California workers," said William J. Agee, MK chairman and chief executive officer.
 MK will manufacture the cars at the Pittsburg, Calif., industrial complex the company acquired in 1992. Renovation of the complex is nearing completion and manufacturing operations are scheduled to begin this month.
 MK invested approximately $5 million to renovate the complex and direct employment is expected to approach 300 workers by late 1994 as manufacturing operations proceed on the Caltrans order and a $140-million, 80-car order from the Bay Area Rapid Transit District (BART). Indirect employment through subcontractors and suppliers is estimated to reach 1,000 workers.
 The Caltrans cars feature the modular "California Car" design that provides increased passenger comfort. Completion of the entire 113-car order is scheduled for the second quarter of 1996.
 MK is the only U.S.-owned manufacturer of transit cars and, in addition to the Pittsburg facility, operates transit manufacturing plants in Hornell, N.Y; and Chicago, Ill.
 Morrison Knudsen Corp. serves the world's transportation, construction, environmental, industrial and power markets as a engineer, contractor and manufacturer, offering complete development, operations and financial services.
 -0- 12/2/93
 /CONTACT: Brett Brandon of Morrison Knudsen, 208-386-5387/
 (MRN)


CO: Morrison Knudsen Corp.; California Department of Transportation ST: Idaho, California IN: TRN SU: CON

RB -- SE009 -- 9897 12/02/93 14:47 EST
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Publication:PR Newswire
Date:Dec 2, 1993
Words:286
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