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Technology Stocks : Howmet Intl. HWM / Thiokol joint venture ipo
HWM 207.62-0.9%Dec 30 3:59 PM EST

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To: Frank Perlmutter who wrote (15)3/6/1999 9:34:00 AM
From: Carmine Cammarosano   of 24
 
On March 3, 1999, Howmet's primary operating subsidiary, Howmet
Corporation, received from the U.S. Department of the Air Force a
notice of proposed debarment from future government contracts and
subcontracts. It does not affect existing contracts, other than
extensions. This notice is based upon certain of the testing issues
referred to in the Company's Form 8-K and a kickback situation
previously reported by Howmet to the U.S. Defense Department. The
issues which are the subject of this notice relate solely to the
operations of Howmet Corporation's aluminum casting subsidiaries.
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