Allied Research Corp.

October 29, 1992

This Baltimore-based ammunition maker, which also supplies defense engineering services, posted higher third-quarter earnings, the company said yesterday. Allied Research credited a 39 percent jump in revenues for much of the gain and predicted continued strong results.

Chairman Reinald W. Carter said the third-quarter and nine-month results were in line with expectations, and results for the full year "should be good, ahead of the $3.38 [per share] earned in 1991."

Three months ended 9/30/92

. ............Revenue............ Net................ Share

92...........54,684,000...........3,724,000............86

91..........39,487,000...........3,649,000......... ..83

% change......... +38.5................+2.1...........+3.6

ine months ended 9/30/92

.............Revenue............. Net............. Share

92.........165,490,000.........12,696,000.......2.95

91..........81,858,000.. .......7,086,000...... .1.65

% change........ +102.2............ .+79.2.,......+78.8

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