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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) May 15, 1998
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ENGINEERED SUPPORT SYSTEMS, INC.
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MISSOURI 0-13880 43-1313242
(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
1270 North Price Road, St. Louis, Missouri 63132
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 993-5880
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Item 2. Acquisition or Disposition of Assets.
On May 15, 1998, Engineered Support Systems, Inc. (the Company) acquired
the outstanding stock of Keco Industries, Inc. (KECO), a manufacturer of
military ground support equipment. For the fiscal year ended December
31, 1997, sales of Keco were approximately $42 million and assets, which
consist primarily of manufacturing facilities and working capital, were
$18.4 million. The transaction will be accounted for as a purchase.
Keco was acquired by the Company from owners George W. Andrews and
family for $25 million. (The Stock Purchase Agreement also provides for
an additional payment by the Company to the owners if the Company elects
treatment of the transaction pursuant to Section 338(h)(10) of the
Internal Revenue Code). The purchase price will be financed with the
bank borrowings of $22.5 million and available cash resources.
The acquisition is contingent upon receiving governmental approval under
the Hart Scott Rodino Act.
Item 7. Financial Statements and Exhibits
It is impractical to provide the required financial statements for Keco
at this time. These statements will be filed under cover of Form 8-K/A
as soon as practical, but not later than July 28, 1998.
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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 hereunto duly authorized.
ENGINEERED SUPPORT SYSTEMS, INC.
Date: May 29, 1998 By: /s/ Gary C. Gerhardt
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Gary C. Gerhardt
Executive Vice President
and Chief Financial Officer
