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SUNDSTRAND BOARD AUTHORIZES STOCK REPURCHASE AND DECLARES QUARTERLY DIVIDEND

 ROCKFORD, Ill., Feb. 16 /PRNewswire/ -- Sundstrand Corporation (NYSE: SNS) today announced that its board of directors has authorized the repurchase of up to four million shares of the company's outstanding common stock. The company will consider a variety of options for the repurchase of the shares, from time to time, including open market, Dutch auction, and other purchases. Sundstrand will hold the repurchased shares as treasury stock.
 Sundstrand has approximately 36.1 million shares of common stock outstanding. Today's closing price for Sundstrand common stock on the New York Stock Exchange was $35.875 per share.
 Sundstrand's board of directors also declared a quarterly cash dividend of $.30 per common share payable on March 16, 1993, to shareholders of record at the close of business on March 2, 1993. It will be the 195th consecutive quarter that the company has paid a dividend.
 Sundstrand Corporation, with 1992 sales of $1,672.7 million, is an international market leader in the design, manufacture and sale of a variety of proprietary, technology-based components and subsystems for aerospace (62 percent of 1992 sales) and industrial (38 percent of 1992 sales) markets. Sundstrand's common stock is listed on the New York, Midwest and Pacific stock exchanges under the symbol SNS.
 -0- 2/16/93
 /CONTACT: Gary Hedges of Sundstrand Corporation, 815-226-6245/
 (SNS)


CO: Sundstrand Corporation ST: Illinois IN: ARO SU: DIV

SM-LD -- NY127 -- 6983 02/16/93 17:12 EST
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Publication:PR Newswire
Date:Feb 16, 1993
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