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Robert Nystrom Named Division Chief At Anderson Associates Dr. Robert E. Nystrom Dr. Robert E. Nystrom has been named chief of the develop- mental and logistics engineering division at Art Anderson Asso- ciates, Inc., consulting engineers. His duties include the adminis- tration of the preliminary design and scientific department, cost estimating and materials depart- ment, computer services, logistics planning department, and combat systems. Dr. Nystrom joins the compa- ny following a 20-year career as an officer in the U.S. Navy. A retired commander, he has spent the past seven years with the Navy hydrofoil ship program. As deputy program manager for the Navy Hydrofoil Acquisition Of- fice, Dr. Nystrom was responsi- ble for the administration of the ship construction contract for the five PHM ships at the contrac- tor's site in Seattle. Todd Gets $32 Million In Commercial Contracts- Earnings Up For Quarter Todd Shipyards Corporation has reported higher sales and pre-tax earnings for the third quarter and 39 weeks ended De- cember 28, 1980, than in the com- parable year earlier periods. Third quarter sales amounted to $150.7 million, compared with $125.8 million in 1979. These gains were achieved despite a 10- week strike at the Los Angeles Division, which was settled on October 2, 1980. Full production was resumed during the third quarter at the Los Angeles Di- vision, which is constructing 11 of 21 guided-missile frigates (FFGs) under Navy contracts awarded to Todd. The other 10 FFGs are being built at the Se- attle Division. Four FFGs have already been delivered and six more will be delivered during the next 12 months. Navy acquisi- tion plans call for the award of six more FFGs prior to April 30, 1981, of which Todd expects to obtain its fair share. It was also announced that several significant commercial contracts were recently received, including the construction of two large bulk coal barges for $22 million; the modification of two large oceangoing tugs for $4 mil- lion ; fire damage repair of a large semisubmersible drilling vessel for $3 million, and the repair of a foreign-flag tanker for $3 mil- lion. Sales for the 39 weeks ended December 28, 1980 were $427.4 million, compared with $373.0 million in the comparable 1979 period. Net income totaled $15.4 million, or $3.04 per share, com- pared with $13.9 million, or $4.53 per share in 1979. Net income in 1980 included a $4.4 million, or $.80 per share. Federal income tax credit arising from utiliza- tion of tax benefit of prior year loss compared with $6.2 million, or $2.02 per share, in the pre- ceding year which also included a $951,000 capital gain from sale of land. J.T. Gilbride, Todd chair- man and chief executive officer, stated that "the company's fiscal year ending March 29, 1981 should result in the third consec- utive year of record peacetime sales and earnings." Net income per share in 1980 was affected by the greater num- ber of common shares and com- mon share equivalents outstand- ing than in the comparable 1979 periods. All per share data gives effect to the two-for-one stock split distributed to shareholders on January 5, 1981. Conhagen/USMP: We Know Our Way Around Rotating Equipment No matter what type of rotating equipment you use, Conhagen/USMP know your business depends on keeping them running efficiently. Downtime costs money. Whether it's Pumps. Compressors, Turbines. Angle drives, etc.. service is our business. Our record of performance proves we have saved our customers both time and money by being able to give the fastest turnaround in the industry We are geared to give you first class, round the clock service from any of our convenient locations, worldwide. Conhagen/USMP offers a complete technical service including engineering and supervising of on-site repairs. We also engineer and manufacture parts for obsolete equipment such as impellers, bearing housings, pump casings and other important components. In addition, we are also specialists in dynamic balancing, welding, mechanical seal repair and protective coatings. We are continuing to expand our facilities to offer greater flexibility in providing repairs, service and off-the-shelf spare parts. So turn to Conhagen USMP "The Rotating Equipment Specialists. Please write or call for further information. Headquarters: Alfred Conhagen, Inc. 4475 South Clinton Avenue. South Plainfield. New Jersey 07080 (201) 753-9800: Telex: 833176 Facilities: Alfred Conhagen, Inc. of Texas 203 Texas Avenue: LaMarque (Houston). Texas 77568 (713) 938-4226: Telex: 765447 Alfred Conhagen, Inc. 12637 Kroli Drive: Alsip (Chicago) Illinois 60658. (312) 785-1665 Alfred Conhagen, Inc. of California 444 Railroad Avenue: Hercules (San Francisco). California 94547 (415) 724-7820 Alfred Conhagen, Inc. of Florida 1 Corporate Plaza: Ft. Lauderdale. Florida 33302:(305) 564-1004 Horizontal Salt Water Circulating Pump Multi-stage Boiler Feed Pump Vertical Main Condensate Multi-Stage Feed Pump Vertical Main Circulator Pump The USMP Co., Inc. 172 Lynhurst Avenue; Staten Island, New York 10305 (212)273-1000 U.S. Marine & Industrial Pump Repair 57 Stanningley Road. Pudsey LS28 6 AT Yorks, England Pudsey 552895 February 15, 1981 Write 438 on Reader Service Card 37
