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TRANSTECHNOLOGY REPORTS EARNINGS INCREASE OF 23 PERCENT FOR SECOND QUARTER

 UNION, N.J., Oct. 18 /PRNewswire/ -- TransTechnology Corporation (NYSE: TT) today reported that it had earned $1,232,000, or 24 cents per share, in its second quarter ended Sept. 26, 1993, an increase of 23 percent over the prior year's second quarter earnings of $1,002,000, or 20 cents per share. Revenues for the quarter were $30,864,000 compared to $24,359,000 in the prior year's second quarter.
 For the six months ended Sept. 26, 1993, the company earned $2,745,000, or 54 cents per share, on 5,128,000 shares outstanding as compared to $2,417,000, or 48 cents per share on 5,080,000 shares outstanding for the same period of the prior year. Revenues for the current year's first half were $55,620,000 compared to $49,415,000 for the first half of the last fiscal year.
 The improved results were attributed to continuing strength in the electrical cable, conduit and connector division, gear driven band fastener division and the chaff division as well as the results of the acquisitions of the Palnut fastener business and the Electrical Specialities business during the quarter. Both of the company's product line segments, Industrial Products and Aerospace Products, were profitable for the quarter and six months. Lower than expected orders in the law enforcement products division resulted in that division realizing a loss for the quarter and six months. The company's computer services division reported a loss for the quarter as a result of slower than expected sales of several new products. The law enforcement division is expected to operate at a loss for the entire fiscal year, while computer services is expected to be profitable for the remaining two quarters. Breeze Eastern, the company's cargo hook and rescue hoist unit, reported lower second quarter revenues and operating profits than in the same period of the prior fiscal year, primarily as a result of higher marketing, administrative and engineering costs.
 Michael J. Berthelot, chairman and CEO of TransTechnology, stated, "We are very pleased that our acquisition strategy has resulted in positive results so quickly, and that, with two exceptions, our operating divisions continue to operate within our plan for the fiscal year. We will continue to focus our resources on further improving our current operating divisions and to seek other acquisitions which will further our strategy. We remain confident that we will achieve our target earnings goal of $1.37 per share for the fiscal year ending March 31, 1994."
 TransTechnology Corporation is a diversified manufacturer of industrial and aerospace products with over 1,200 employees in its nine facilities in the U.S. and those in England, Belgium and Australia.
 -0- 10/18/93
 /CONTACT: Michael J. Berthelot, chairman, president and CEO of TransTechnology Corporation, 908-964-5666/
 (TT)


CO: TransTechnology Corporation ST: New Jersey IN: ARO SU: ERN

TS-LG -- NY052 -- 3369 10/18/93 11:48 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
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