UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) August 21, 1998
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EG&G, Inc.
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(Exact name of registrant as specified in its charter)
Massachusetts 1-5075 04-2052042
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
45 William Street, Wellesley, Massachusetts 02481
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(Address of principal executive offices) (Zip Code)
(781) 237-5100
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(Registrant's telephone number, including area code)
NONE
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(Former name, former address and former fiscal year,
if changed since last report)
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Item 5. Other Events
The Company was informed on August 21, 1998 that its joint venture with Johnson
Controls was unsuccessful in its bid to provide support services to NASA and the
U.S. Air Force at Florida's Kennedy Space Center, Cape Canaveral and Patrick Air
Force Base. The decision by NASA and the Air Force to rebid the contract was an
effort to consolidate and recompete base operations contracts and certain
functions in an effort to eliminate duplication and reduce costs. The joint
venture, The Launch Support Company, consisted of EG&G Florida and Johnson
Controls. The NASA contract at the Kennedy Space Center accounted for
approximately $168 million in revenues or approximately $.10 per share in
earnings in fiscal 1997. The contract absorbed its share of certain indirect
costs including corporate general and administrative charges, the impact of
which is planned to be offset by cost reductions. The contract term ends on
September 30, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EG&G, Inc.
By /s/ John F. Alexander, II
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Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
Date: August 28, 1998
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