SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20594
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 March 21, 1995
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UNISYS CORPORATION
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(Exact name of registrant as specified in charter)
DELAWARE 1-8729 38-0387840
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(State of (Commission File Number) (IRS Employer
Incorporation Identification No.)
TOWNSHIP LINE AND UNION MEETING ROADS
BLUE BELL, PENNSYLVANIA 19424
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(Address of principal executive offices) (Zip Code)
215-986-4011
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(Registrant's telephone number)
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Item 5. Other Events
On March 21, 1995, Unisys Corporation (the "Company")
announced that it had signed an Asset Purchase Agreement with
Loral Corporation ("Loral") for the sale of the Company's Defense
Systems business to Loral for cash in the amount of $862 million
(subject to certain post-closing adjustments). The operations to
be sold include the Company's military electronics systems
integration, program management, software and custom product
design and manufacturing businesses as well as some non-defense
product operations, principally postal systems, weather systems
and air traffic control systems. The operations to be sold
employ approximately 8,500 people and had revenue of
approximately $1.4 billion in 1994. The sale will not include
the Company's Federal Systems and Health Information Management
business units. Consummation of the transaction is subject to
customary regulatory approvals and consents.
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SIGNATURE
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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.
UNISYS CORPORATION
Date: March 23, 1995 By: /s/Stefan C. Riesenfeld
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Stefan C. Riesenfeld
Vice President and
Treasurer
