OTHER NEWS - Aug. 30, 1996

Litton Industries’ Quarterly Earnings Rise: The Woodland Hills-based company said its fiscal fourth-quarter net income rose 10%, reflecting recent acquisitions. Litton Industries Inc.’s net income for the quarter ended July 31 rose to $42.7 million, or 89 cents a share, up from $38.7 million, or 81 cents per share, in the year-ago quarter. Litton’s fourth-quarter earnings per share exceeded analysts’ estimate of 87 cents. Litton makes advanced electronics and avionics systems for military and commercial customers, as well as destroyer ships for the U.S. Navy. For fiscal 1996, Litton’s earnings rose to $150.9 million, or $3.15 a share, from $135 million, or $2.84 per share, in fiscal 1995.