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SUNDSTRAND BOARD EXPANDS REPURCHASE AUTHORIZATION AND DECLARES QUARTERLY DIVIDEND

 ROCKFORD, Ill., Nov. 16 /PRNewswire/ -- The board of directors of Sundstrand Corporation (NYSE: SNS) today expanded its authorization for the repurchase of the company's outstanding common stock to a total of 10 million shares, up 6 million shares from the previous authorization granted on Feb. 16, 1993. 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.
 Through the close of business yesterday, the company had purchased 2,164,400 shares under the earlier authorization, and now has approximately 34.5 million shares of common stock outstanding. Yesterday's closing price for Sundstrand common stock on the New York Stock Exchange was $39.875 per share.
 Sundstrand's board of directors also declared a quarterly cash dividend of 30 cents per common share payable on Dec. 21, 1993, to shareholders of record at the close of business on Dec. 7, 1993. It will be the 198th consecutive quarter that the company has paid a dividend.
 Sundstrand Corporation, with 1992 sales from continuing operations of $1,479.1 million, is an international market leader in the design, manufacture and sale of a variety of proprietary, technology-based components and subsystems for aerospace (57 percent of 1992 sales) and industrial (43 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- 11/16/93
 /CONTACT: Gary Hedges of Sundstrand, 815-226-6245/
 (SNS)


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

LG-CK -- NY078 -- 5160 11/16/93 14:37 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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