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ITT Mackay Marine Introduces Marine Radio Console For Shipboard Or Fixed-Station Use A marine radio communications console was recently announced in Raleigh, N.C., by ITT Mackay Marine, a division of International Telephone and Telegraph Corporation. The MRU-35A SSB/CW console provides a complete high-frequency radiotelephone and radiotelegraph communication facility suitable for shipboard or fixed-station use. The equipment features synthesized fre- quency control which, provides 220,000 highly stable transmitting frequencies between 2.0 MHz and 24.0 MHz. On all authorized frequen- cies in this range, it meets F.C.C. requirements for shipboard or land-maritime applications. The MRU-35A transmitter combines an ad- vanced solid-state synthesized exciter with a modern, manually tuned linear amplifier. OCEANIC ELECTRIC PRODUCTS "Over A Half Century of Service in the Marine Industry" Oceanic products are manufactured to meet the requirements of U.S.C.G. Electrical Engineering Regulations WATERTIGHT MARINE SWITCHES Call or Write for Complete Catalog PHILADELPHIA SECTION ASNE MEETING: The Phila- delphia Section of the American Society of Naval Engi- neers met recently at the Officers Club of the Philadel- phia Naval Shipyard. Approximately 50 people heard a very interesting presentation by Capt. J.A. Smith, Nav- Ship Project Manager, on the Navy's 1 200 PSIG Propul- sion Plant Improvement Program. Attending the meeting were, left to right: R.B. McFaden, chief of marine engineering, J.J. Henry Company, coordinator; Captain Smith, presenter; A.C. Brown, vice president, J.J. Henry Company, Section chairman, and G.A. Carlton, NAVSEC (Philadelphia Division), vice chairman. Dearborn-Storm To Concentrate On Offshore Drilling Industry —Computer Leasing To Be Sold Dearborn-Storm Corporation has announced that an agreement in principle has been reached with a group of private investors in Chicago for the sale of Dearborn's portfolio of IBM System 360 computers for $17 million in cash payable at the closing. This transaction, to be reflected in fiscal 1973, will result in a loss on disposal of the computer portfolio, including phase-out costs, of approximately $9.0 million ($3.15 per share), net of applicable tax benefits of approximately $4.2 million. Arthur Weiss, chairman of the board of di- rectors, stated that "divestiture of our interests in the computer leasing business now allows us to concentrate all of our management efforts and financial resources on our primary busi- ness, which is servicing the worldwide needs of the offshore petroleum industry." Reflecting this concentration of Dearborn's interests in servicing the offshore petroleum industry, Dearborn's board of directors ap- proved a change of the corporate name to Storm Drilling & Marine, Inc., subject to ap- proval by the stockholders at the annual meet- ing to be held in Houston, Texas, on April 9, 1974. The chairman also stated that proceeds from the sale of the computer portfolio would be used to further expand the company's off- shore service capabilities. Dearborn currently has under construction drilling rigs and marine service vessels with an aggregate cost of approximately $75 million. Builders of Quality Boats and Barges—Drydocking SHIPYARD FABRICATORS MACHINE WORKS MORGAN CITY LOUISIANA / SERVICE MACHINE AND SHIPBUILDING CORP. "UNMATCHED EXPERIENCE SINCE 1887..THE FINEST REPAIRS IN LESS TIME 3 Floating Dry Docks — Capacity to 5,560 Tons Diesel Lighter — Capacity 50 Tons Complete Machine, Electrical, Carpenter, Boiler, Shipfitting and Hull Departments Fast 24 Hour Service Voyage Repairs a Specialty Less Than 3 Miles From Seven Major Oil Terminals Steel Fabrication — Rudders and Stern Frames Amdod nov nnrv rnuntuv v DRY DOCK COMPANY OF COMMERCE ST. PERTH AMBOY, N. J. Night or Day Telephone: 201-826-5000 Founded 1887 OCEANIC ELECTRICAL MFG. CO., INC Sole Manufacturers of Oceanic Electric Products 1 57-1 PERRY ST., NEW YORK, N.Y. 10014 • WA 9-3321 KEARFOTT World's Finest Shipboard Windows and Window Wipers Sliding Window, Type K-100 WRITE FOR CATALOG All Kearfott products are backed by proven engineering. • Crank-operated and counterbal- anced windows • Electrically heated de-icing and defogging windows • Double-sash windows • Window wipers • Portlights, fixed and hinged SINGER AEROSPACE A MARINE SYSTEMS Crank-Operated Window, Type K-325 Window Wiper, Type KS-1385; Fixed Window, Type K-325-F KEARFOTT MARINE PRODUCTS 780 S. Third Ave., Mt. Vernon, N.Y. 10550 914-664-6033 5/VELSOW ' OILFIELD LIGHTING CO., INC. P. 0. BOX 1284 FORT WORTH, TEXAS 76101 THE NEW LOOK IN MARINE LIGHTING 6400 6200 SS MARINE STAINLESS STEEL MERCURY VAPOR MARINE FLUORESCENT I March 1, 1974 35
