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SUNDSTRAND ANNOUNCES EARNINGS EXPECTATIONS

 SUNDSTRAND ANNOUNCES EARNINGS EXPECTATIONS
 ROCKFORD, Ill., June 24 /PRNewswire/ -- Sundstrand Corporation


(NYSE: SNS) announced at an analyst meeting yesterday that it expects 1992 earnings, excluding the impact of the adoption of SFAS No. 106 and the restructuring charges of $.67 per share announced earlier this year, to be in line with the $3.23 per share the company would have earned in 1991 prior to a $.21 per share restructuring charge. In addition, the company announced that it expects to more than recoup in 1993 the $34 million ($.60 per share) restructuring charge announced last week. Accordingly, it expects its 1993 earnings, excluding the effects of SFAS No. 106, to be more than $.60 per share higher than the adjusted 1992 earnings discussed above. These earnings expectations assume a continuing economic recovery.
 Sundstrand Corporation, with 1991 sales of $1,669.2 million, is an international market leader in the design, manufacture and sale of a variety of proprietary, technology-based components and subsystems for aerospace (61 percent of 1991 sales) and industrial (39 percent of 1991 sales) markets. Sundstrand's common stock is listed on the New York, Midwest and Pacific stock exchanges under the symbol SNS.
 -0- 6/24/92
 /CONTACT: Gary Hedges of Sundstrand, 815-226-6245/
 (SNS) CO: Sundstrand Corporation ST: Illinois IN: ARO SU: ERP


OS -- NY035 -- 3285 06/24/92 12:13 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
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