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TRACOR FILES REGISTRATION STATEMENT WITH SEC

 AUSTIN, Texas, July 2 /PRNewswire/ -- Tracor, Inc. (NASDAQ: TTRR) today filed a registration statement with the Securities and Exchange Commission to sell $100 million of senior subordinate notes. BT Securities Corporation will underwrite the note sale.
 Tracor plans to use the proceeds of the note sale, along with proceeds from a new $78 million bank credit facility, to acquire the common stock of Vitro Corporation and its subsidiaries, as well as to retire existing debt of Tracor. The bank credit facility will consist of a $38 million term loan, $20 million revolving loan, and a $20 million letter of credit facility.
 Vitro Corporation is a leading engineering and technical services firm which performs systems engineering, software and information engineering, and related technical and management functions for the U.S. Department of Defense, NASA, other federal agencies, major industrial contractors, international customers, and the intelligence community. Headquartered in Silver Spring, Md., the company employs approximately 5,800 persons at more than 50 locations worldwide.
 James B. Skaggs, Tracor president, said, "This filing is one of the important steps necessary to complete the Vitro acquisition which was announced on June 10, 1993."
 Tracor provides a broad range of technological products, systems, and services for diverse U.S. government, international, and commercial markets. Tracor is a major management and technical support contractor in communications, sonar, and other areas; a leader in the development and production of electronic countermeasures systems and other advanced electronics; and a comprehensive source for flight testing, specialized aircrew training, and aircraft modification services.
 -0- 7/2/93
 /CONTACT: Marian Kelley of Tracor, Inc., 512-929-2273/
 (TTRR)


CO: Tracor, Inc. ST: Texas IN: SU: OFR

MP -- NY048 -- 8300 07/02/93 16:42 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
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