THIOKOL CORP /DE/
10-Q/A, 1995-05-09
GUIDED MISSILES & SPACE VEHICLES & PARTS
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                         FORM 10-Q/A

                                  
                       UNITED STATES
             SECURITIES AND EXCHANGE COMMISSION

                  Washington, D.C.  20549

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE      
     SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended          March 31, 1995            
                               ---------------------------------

                           OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE     
     SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to ________________  
          

Commission file number                     1-6179                 
                        ----------------------------------------

                                  THIOKOL CORPORATION             
           
          (Exact name of registrant as specified in its charter)

              Delaware                      36-2678716            
 -------------------------------     ----------------------------
 (State or other jurisdiction of      (I.R.S. Employer
 incorporation or organization)      Identification No.)



             2475 Washington Blvd., Ogden, Utah  84401-2398 
             ----------------------------------------------
               (Address of principal executive offices)
                                (Zip Code)

Registrant's telephone number, 
including area code.................................(801) 629-2052

The purpose for this amendment is to correct the fiscal year end
and period end dates on the Financial Data Schedule.

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes   X    No      
   ------     ------- 

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.


           Class                     Outstanding at April 30, 1995
- -----------------------------        -----------------------------
Common Stock, $1.00 par value                 18,493,393          



                           SIGNATURES

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, thereunto duly authorized.



                                    THIOKOL CORPORATION          
                                        (Registrant)             



Date:     May 8, 1995   /s/ Richard L. Corbin                    
                        Richard L. Corbin, Senior                
                        Vice President and Chief                 
                        Financial Officer                        


                        /s/ Royce W. Searle                      
                        Royce W. Searle, Vice President          
                        and Controller                           



<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THIOKOL
CORPORATION FINANCIAL STATEMENTS INCORPORATED BY REFERENCE AS EXHIBIT 13 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                  167,037
<ALLOWANCES>                                     1,293
<INVENTORY>                                    142,299
<CURRENT-ASSETS>                               313,693
<PP&E>                                         658,128
<DEPRECIATION>                                 353,261
<TOTAL-ASSETS>                                 713,406
<CURRENT-LIABILITIES>                          183,188
<BONDS>                                          2,637
<COMMON>                                        20,538
                                0
                                          0
<OTHER-SE>                                     334,213
<TOTAL-LIABILITY-AND-EQUITY>                   713,406
<SALES>                                        689,430
<TOTAL-REVENUES>                               692,706
<CGS>                                          553,980
<TOTAL-COSTS>                                  569,807
<OTHER-EXPENSES>                                37,826
<LOSS-PROVISION>                                   322
<INTEREST-EXPENSE>                               8,188
<INCOME-PRETAX>                                  4,248
<INCOME-TAX>                                    13,771
<INCOME-CONTINUING>                             (9,523)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                 (4,786)
<CHANGES>                                            0
<NET-INCOME>                                   (14,309)
<EPS-PRIMARY>                                    (0.76)
<EPS-DILUTED>                                    (0.76)
        

</TABLE>


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