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Non-Tech : ALLIED RESEARCH (AMEX:ALR) LOW P/E WITH EXPLOSIVE GROWTH
ALR 50.990.0%Oct 19 5:00 PM EST

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To: stockvalinvestor who wrote ()9/2/1998 12:57:00 PM
From: stockvalinvestor   of 37
 
llied says Belgian unit to add profit in 98

VIENNA, Va., Sept. 2 (Reuters) Diversified defense and electronic security systems firm Allied Research Corp. said
Wednesday its Belgian defense subsidiary will contribute substantial profits in this calendar year.

The company, which reported second quarter earnings per diluted share of $0.53 compared to $0.50 a year ago, also said its
commercial electronic security operations in Europe have greater than expected revenues and earnings. The company said it
has not experienced any adverse actions that would account for the recent weakness in its stock.

The company's stock was up 1/4 at 6-3/4 on the American Stock Exchange in morning trading Wednesday, down from a year
high of 15-13/16.

Allied Research's operating units produce ammunition and weapon systems, supply equipment performance upgrades for
defense departments worldwide and produce electronic security and access control systems.
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