Page 39: of Maritime Reporter Magazine (March 1997)

ASNE Shew To Be Held In U.S. Capitol

The annual meeting of the

American Society of Naval

Engineers, ASNE Day 1997, is scheduled to take place in

Washington D.C., from March 19 to 20. This year's conference will include a one-day forum allowing industry and government repre- sentatives to tackle key aspects of the Department of Defense's (DoD's) Acquisition Reform initia- tives.

The session is scheduled to be conducted on March 19.

The DoD Acquisition Reform ini- tiatives are aimed at reengineer- ing the procedures used to develop and procure defense weapons sys- tems in order to reduce the life cycle costs of those systems, short- en their acquisition cycle time, and improve utilization of the nation's total defense industrial base.

ASNE Day 1997 has been be struc- tured to promote interaction between those in government who are defining the principles and objectives of acquisition reform, and those in industry or in govern- ment engineering and industrial activities striving to provide innov- ative responses to the challenge.

Since the reform began, ASNE

Day has included discussions on the challenges and opportunities raised by the initiatives for those who will develop, design, build, operate and maintain the naval systems that will carry the U.S. into the next century.

This year, however, the sympo- sium will provide an unprecedent- ed opportunity for attendees to focus directly on how acquisition reform is impacting the maritime industry and the naval engineer- ing professions.

In addition to the emphasis on acquisition reform, approximately two dozen technical papers addressing themes such as cost of ownership, modeling and simula- tion and combat systems will be presented.

For more infortion on ASNE Day 1997, contact the American Society of Naval Engineers, 1452 Duke St.,

Alexandria, Va. 22314, tel: (703) 836-6727; fax: (703) 836-7491.

If something goes wrong out here

W "'-J-'.. ...YOU CANT TALK HOME

Northrop Grumman

Announces 1996 Financial

Earnings

Northrop Grumman reported record sales and operating margin for 1996, but registered a seven per- cent reduction in net income due primarily to a previously announced charge related to plant closures.

The company's net income for the year ended Dec. 31, 1996, was $234 million, or $4.33 per share, versus $252 million, or $5.11 per share, in 1995.

The year included two major non- recurring items: a pretax charge of $90 million, or $1.07 per share, related to the plant closures; and a pretax gain of $28 million, or $.34 cents per share, from the sale of shares the company owned in ETEC

Systems Inc., a manufacturer of high technology equipment for the (Continued on page 50)

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March, 1997 47