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THIOKOL MODIFIES STOCK REPURCHASE APPROVALS

 THIOKOL MODIFIES STOCK REPURCHASE APPROVALS
 OGDEN, Utah, Jan. 17 /PRNewswire/ -- Thiokol Corp.'s (NYSE: TKC)


Board of Directors announced today that it has modified a July 1990 approval to buy back up to approximately 5 percent of the company's common stock.
 The modification, approved on Jan. 16, 1992, eliminates previous constraints on the buy back authorization that were the result of the tax-free spin-off of Morton International in 1989. The company said it had no plans to buy any specific amounts at specific prices nor had it established any time schedule. To date, the company has repurchased 190,900 shares under the authorization.
 The action provides management with more flexibility with respect to decisions to repurchase when it is in the best interest of the company to make such purchases.
 -0- 1/17/92
 /CONTACT: Steve Lawson of Thiokol, 801-629-2257/
 (TKC) CO: Thiokol Corp. ST: Utah IN: ARO SU:


BB -- DV006 -- 1208 01/17/92 18:29 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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