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ASNE Shew To Be Held In U.S. Capitol The annual meeting of the American Society of Naval Engineers, ASNE Day 1997, is scheduled to take place in Washington D.C., from March 19 to 20. This year's conference will include a one-day forum allowing industry and government repre- sentatives to tackle key aspects of the Department of Defense's (DoD's) Acquisition Reform initia- tives. The session is scheduled to be conducted on March 19. The DoD Acquisition Reform ini- tiatives are aimed at reengineer- ing the procedures used to develop and procure defense weapons sys- tems in order to reduce the life cycle costs of those systems, short- en their acquisition cycle time, and improve utilization of the nation's total defense industrial base. ASNE Day 1997 has been be struc- tured to promote interaction between those in government who are defining the principles and objectives of acquisition reform, and those in industry or in govern- ment engineering and industrial activities striving to provide innov- ative responses to the challenge. Since the reform began, ASNE Day has included discussions on the challenges and opportunities raised by the initiatives for those who will develop, design, build, operate and maintain the naval systems that will carry the U.S. into the next century. This year, however, the sympo- sium will provide an unprecedent- ed opportunity for attendees to focus directly on how acquisition reform is impacting the maritime industry and the naval engineer- ing professions. In addition to the emphasis on acquisition reform, approximately two dozen technical papers addressing themes such as cost of ownership, modeling and simula- tion and combat systems will be presented. For more infortion on ASNE Day 1997, contact the American Society of Naval Engineers, 1452 Duke St., Alexandria, Va. 22314, tel: (703) 836-6727; fax: (703) 836-7491. If something goes wrong out here W "'-J-'.. ...YOU CANT TALK HOME Northrop Grumman Announces 1996 Financial Earnings Northrop Grumman reported record sales and operating margin for 1996, but registered a seven per- cent reduction in net income due primarily to a previously announced charge related to plant closures. The company's net income for the year ended Dec. 31, 1996, was $234 million, or $4.33 per share, versus $252 million, or $5.11 per share, in 1995. The year included two major non- recurring items: a pretax charge of $90 million, or $1.07 per share, related to the plant closures; and a pretax gain of $28 million, or $.34 cents per share, from the sale of shares the company owned in ETEC Systems Inc., a manufacturer of high technology equipment for the (Continued on page 50) The sea respects no one — least of all the weak. She demands respect and receives it from those who live on her. We at Leslie Controls understand this and have made our our products with the quality and reliability necessary for marine service. Quality and reliability are designed into each product. Leslie Controls produces the most complete line of shipboard fluid control products in the industry. These include Control Valves, Temperature Regulators, Pres- sure Reducing Valves, Butterfly Valves, Ball Valves, Pump Pressure Regulators, Steam Water Heaters, Duplex Strainers, "Y" Strainers, Relief Valves, Magazine Sprinkler Valves, Air & Electric Whistles, and Electric and Pneumatic Instruments. Leslie Controls... A tradition at sea. LESLIE CONTROLS, INC. 12501 Telecom Drive, Tampa FL 33637-0903 (813) 978-1000 • Telex: 136445 • Fax: 813-978-0984 Quality Products for the Marine Industry. .. Control Valves Steam-Water Heaters Temperature Regulators ilpP^ Pressure Reducing Valves ilk 3-Way Rotary Valves Whistles: Automatic Whistle Controls Duplex Strainer Circle 207 on Reader Service Card March, 1997 47
