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
February 17, 1995
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Date of Report (Date of earliest event reported)
Harnischfeger Industries, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-9299 39-1566457
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(State or other (Commission IRS Employer
jurisdiction of File Number) Identification No.
incorporation)
13400 Bishops Lane, Brookfield, Wisconsin 53005
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(Address of principal executive offices)
(414) 671-4400
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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Item 5. Other Events
Harnischfeger Industries, Inc. completed the sale of Syscon
Corporation to Logicon, Inc.
Included as Exhibit I to this Current Report on Form 8-K is
Harnischfeger Industries, Inc.'s News Release dated February 17,
1995.
<PAGE>
FORM 8-K
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.
HARNISCHFEGER INDUSTRIES, INC.
(Registrant)
Date: February 22, 1995 By
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James C. Benjamin
Vice President, Controller
and Chief Accounting Officer
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EXHIBIT I
Francis M. Corby, Jr.
Executive Vice President for Finance
and Administration
(414)797-6518
HARNISCHFEGER INDUSTRIES, INC. COMPLETES SALE OF
SYSCON CORPORATION
Brookfield, WI -- February 17, 1995 -- Harnischfeger Industries,
Inc. (NYSE: HPH) announced today that it completed the sale of
Syscon Corporation to Logicon, Inc. (NYSE: LGN) for a cash price of
$45 million. The sale reflects the strategic thrust of
Harnischfeger to focus on, develop and grow its core businesses.
Syscon Corporation will become a wholly-owned subsidiary of
Logicon. Syscon specializes in systems engineering, software
development and systems development and integration primarily for
the Department of Defense and other government customers. It had
annual revenues of approximately $130 million for its fiscal year
ended October 31, 1994 and has 1,500 employees.
Logicon is a leader in providing advanced technology systems and
services to support national security, civil and industrial needs.
* * * * * *
Harnischfeger Industries is a holding company for subsidiaries
involved in the worldwide manufacture and distribution of:
papermaking machinery (Beloit Corporation); surface mining and
material handling equipment manufacturing (Harnischfeger
Corporation); and underground mining and environmental equipment
(Joy Technologies).
