European Stars and Stripes (Newspaper) - June 3, 1992, Darmstadt, Hesse                                Wednesday june 3, 1992 the stars and stripes c Page 17 Money matters today s tip Hughes aircraft co. Said its missile systems group has been awarded a $237 million . Army contract to produce 14,923 advanced Tow anti Armor missiles by May 1994. Hughes is to deliver 12,600 Tow 2b missiles 2,167 Tow 2a missiles and 156 Tow 2a practice missiles for the . Army missile come at Redstone Arsenal Ala. Hughes also said the . Air Force awarded it a $14.3 million contract for delivery of 40 advanced medium Range air to air missiles or Abraams covering deliveries through november 1994. Los Angeles based Hughes a unit of general motors corp., agreed last month to buy general dynamics  missile business for $450 million in Stock. Conversion rates following Are fixed rates at which Community banking facilities will sell foreign currencies to . Personnel for personal use through wednesday German mark.1.57 Britley pound.1.86 dutch guilder.1.77 greek drachma 186.9775 note the rate above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies italian lira .1,214.00 turkish lira.6,826.30 Spanish paaeta.100.62 austrian Schilling .11.36 saudi rial.3.7498 Bahrain dinar.0.37675 Kuwait dinar.0.29110 norwegian krone.6.2980 danish krone.6.2085 British pound.1.8181 German mark.1.6060 Swiss franc.1.4585 French franc.5.4190 dutch guilder.1.8115 belgian franc.33.10 Gold quote $338.75 an ounce Sliver quote $4.07 an ounce new York Exchange new York up a the 15 most Leiv Roc Ltd York Stock etchings comports kid Tnp on Mondi Serai motors 3.920,700 41% 2,467,100 2,454,500 2.195.200 2,192,100 2.120.200 1.980.300 1.835.200 1.739.000 1,681,600 1,641.600 1.639.000 1.573.300 1,569,700 1.567.200 Chrysler corp Ford motor co Amer express co Citicorp Merck amp co inc com with Edison Black 4 Docker Continental up i Mem Tunc fed dept sores waste i Rwjr Nabisco hid coca cola co digital equal pm tet Fonos de my 19 % 46% 23% 19% 51 % 31 % 22% 28% 38 12 % 10 44% 40% 57% in new Otchy. Up 2% up 1 % up 2 up up up 1 off 1 % off 1 % up up 2 % off % off % up off 1 % up % american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading monday. A lain last notch 538.600 27 % up 1 473.300 41-16 off 1-16 429.300 22 % off a 407,800 5 % unch 392,000 46 up 1 382.900 11 % up 2% 379,400 3 % off % 376.100 22 % unch 322.600 31 % up 1 a 290 900 5 unch Heck hex corp inti Corona Sbar Rolinc Echo Bay mines Ain corp  Wang labs inc b pad corp new York Tynesa spi holdings i Dow Jones pc York up doer Jones doing tags s sir eyes monday 30lndurt1 20 transport 15usmss 65 stocks 1382.66 21463 1206.73 336496 1356 32 21044 1164.79 3413.21 in 16 1376.12 10 5.96 212 51 All 0 94 1201.11 up 4.02 new limited edition Jaguar putting sales on fast track Bloxham England a it costs nearly three quarters of a million dollars might not be delivered for months and  be driven at top Speed unless its on a Racetrack. But that Hasni to stopped 1,500 Jaguar buffs from competing for a Chance to buy jaguars new xj220, one of the fastest sports cars Ever with a maximum Speed exceeding 200 Mph. Jaguar is making Only 350 of the sleek two seaters. A Why does anyone buy a fast car i suppose its the excitement of the acceleration More than anything else a said successful buyer John Billig a 47-year-old banker from London. Billig said he got in line with others buyers at 6 . Monday. He plunked Down a $92,000 Deposit and now he could wait up to a year and a half for delivery. Jaguar is expected to begin delivering the numbered xj220s later this month. A third of the cars manufactured will go to British buyers and the rest to car enthusiasts in about 40 other countries. The car wont be exported to the United states because it meets Only european Community standards for emissions and Barrier crash tests. But americans can import it As a private non registered vehicle. Jaguar claims the xj220 is the worlds fastest production line sports car with a top Speed of 212.30 Mph although Bugatti argues its be 110s is slightly faster at 218.75 Mph. With a Price of around $736,000, few people will Ever find out How fast the Jaguar is. By comparison a Hyundai Excel from Korea costs Between $7,000 and $8,000. The xj220 is actually in the Middle of the super car Price Range starting at around $259,000 for the Lamborghini Diablo to $1.3 million for the Schuppan workers in England prepare jaguars new xj220 for delivery to a customer. Porsche 962cr. The new Jaguar is the brainchild of Jim Randle who has since retired As jaguars director of vehicle and concepts engineering. It is produced by Jaguar sport ltd., a joint operation owned by Coventry based Jaguar pc and Tom Walkinshaw racing a private British company that develops racing cars. The two got together in 1988 to develop High performance versions of jaguars. Strong response to the xj220 concept when presented at the Birmingham motor show in 1988 encouraged the two to produce the limited edition at a 95-worker Plant in Oxfordshire in Western England hand built in 12 stages the car is available in left or right hand drive but without Power steering. The Jaguar tradition is evident in the Interior trim of Wood and expensive leather. The Speed comes from a 540-Horscpowcr, 3.5 litre twin Turbo v6 engine. Jaguar says the car will get 13.4 Miles per gallon of Gas in City driving. Quot the whole thing was to prove to the world that Jaguar is capable of engineering excellence a said Chris Baker a manager of Jaguar sport. Quot its just to prove that Jaguar is the  Billig the London banker already has seen a potential return on his investment. He said a dealer offered him a $313,000 Premium for his car no. 322, which Isnit scheduled to be delivered until november 1993. Environmental Fine of d Over nuclear arms Plant business b Denver apr a Federal judge on monday upheld an $18.5 million Tine against Rockwell International corp. For 10 environmental crimes at the Rocky Flats nuclear weapons Plant calling the penalty Quot fair and  Rockwell the former operator of Rocky Flats agreed in a Ilea bargain to pay the Fine after pleading guilty in March to Ive felonies and five misdemeanours.  District judge Sherman Finesilver had originally walked at accepting that proposed settlement which had been criticized by environmentalists. He said he first wanted to consult with experts in environmental science and corporate finance. But on monday the judge approved it. Rockwell admitted violating Federal hazardous waste Law and the Federal clean water act at Rocky Flats from 1987 to 1989. The company allowed toxic waste to leak from outdoor containers Ana continued spraying it it Xic waste on Plant grounds even when the soil was Frozen or flooded. Federal prosecutors said the crimes did not harm anyone a health outside the boundaries of the Plant. Finesilver said monday that he would not award any damages in the Case because there was no Way to determine who was affected during that period. He said the $18.5 million Fine a May appear insufficient but is the maximum Fine the court May  prosecutor John Finberg said it was the most significant environmental award in history. Prosecutors said the Case could have taken five Vears to litigate if there had been no plea bargain. They said even if the government had won in that instance Rockwell could have gone to the department of Energy which supervised Rockwell at Rocky Flats when the environmental crimes were committed and the Doe would have been responsible for the Cost of litigation and the Fine. Environmental groups criticized the plea bargain saying it improperly conceals the identity of Doe officials that May have been involved in the environmental crimes. No Federal officials were named in the plea bargain. Dow Index Breaks record pointing toward recovery from wire reports new York a Riding a surge of optimism about the Economy the Dow Jones Industrial average has closed above 3,400 for the first time. Stocks Rose monday after the National association of purchasing management reported a significant jump in its monthly Index of business activity. Analysts said the figures were seen As some of the most convincing evidence to Date that the Economy has begun a sustained recovery. The Dow the Best known barometer of Stock prices gained 16.33 to 3,413.21, surpassing the previous closing High of 3,398.43 reached thursday. The Index broke through the 3,300 level on april 14. Advancing issues outnumbered declines by about 5-to-4 on the new York Stock Exchange. Volume was moderately heavy. Attrition softens digital Job cuts Boston a digital equipment corp. Has Cut 3,700 jobs through a voluntary retirement program and expects to resume layoffs in july to reduce costs and strive for profitability. Some analysts said they expect digital a losses to continue through the end of this year. Digital the worlds second largest computer company behind International business machines corp., has eliminated More than 23,000 jobs the past couple of years through voluntary departures and layoffs