MORRISON KNUDSEN CORP
8-K, 1994-01-20
GENERAL BLDG CONTRACTORS - NONRESIDENTIAL BLDGS
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                       SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D. C.


                                    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):     January 10, 1994

                                                       -----------------------


                            MORRISON KNUDSEN CORPORATION

- -------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

                                    DELAWARE
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                 (State or Other Jurisdiction of Incorporation)



              I-8889                                       82-0393735
- ---------------------------------       ---------------------------------------
(Commission File Number)                (I.R.S. Employer Identification No.)


       Morrison Knudsen Plaza, Boise, Idaho                    83729
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     (Address of Principal Executive Offices)                (Zip Code)


                               (208) 386-5000
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              (Registrant's Telephone Number, Including Area Code)

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ITEM 5.  OTHER MATERIAL IMPORTANT EVENTS.

     On January 10, 1994, the Company announced the acquisition of Clark
Industries, Inc. in a press release which is attached hereto as Exhibit 1.


                                    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 thereunto duly authorized.


                                        MORRISON KNUDSEN CORPORATION
                                        ----------------------------
                                        (Registrant)

                                        /s/  Stephen G. Hanks
January 14, 1994                   By:
                                        ---------------------------------
                                        Stephen G. Hanks
                                        Senior Vice President, Secretary and
                                        General Counsel



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                                    EXHIBIT 1

MORRISON KNUDSEN CORPORATION                                        NEWS RELEASE

Morrison Knudsen Plaza/P. O. Box 73
Boise, Idaho  83729                             For Further Information Contact:
Telex:  368439/Phone:  (208) 386-5387                   Corporate Communications
Fax:  (208) 386-5065
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FOR RELEASE:

                                JANUARY 10, 1994
               MK PURCHASES MANUFACTURER OF LOCOMOTIVE COMPONENTS
     BOISE - Morrison Knudsen Corporation announced today that MK has purchased
Clark Industries, Inc., of Gilman, Illinois, a leading manufacturer of cylinder
heads, pistons and liner assemblies for railroad locomotives.
     "This acquisition is another step forward in our vertical integration
strategy, to produce key components for MK-manufactured locomotives," said
William J. Agee, the company's chairman and chief executive officer. "Clark
Industries will complement the product lines of other manufacturers and
distributors we have recently acquired."
     Clark Industries holds a patent on cylinder heads. The company will provide
state-of-the-art complete power assemblies for EMD and GE engines.
     MK's growing list of locomotive parts manufacturers also includes Motor
Coils Manufacturing Company, of Pittsburgh, a manufacturer of traction motors
and related equipment, and MK Engine Systems Company, Inc., of Simi Valley,
California, and Latham, New York, a manufacturer of locomotive turbochargers and
other engine components.
     In addition, MK recently acquired Power Parts Company, of Chicago, one of
the world's largest distributors of non-critical engines parts  for locomotives.
     Clark Industries has 20 workers at its Gilman, Illinois, plant - a 40,000-
square-foot facility.
     Morrison Knudsen Corporation (MRN-NYSE) serves the world's transportation,
construction, environmental, industrial and power markets as an engineer,
contractor and manufacturer, offering complete development, operations and
financial services.

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