SECURITIES AND EXCHANGE COMMISSION

                           Washington, D. C. 20549

                                  FORM 10-Q/A


                Quarterly Report Under Section 13 or 15(d) of
                     the Securities Exchange Act of 1934


For Quarter Ended:  June 30, 1995

Commission File Number:  1-5642  

                                                                             
                              DRAVO CORPORATION                              
           (Exact name of registrant as specified in its charter)

           Pennsylvania                                  25-0447860          
(State or other jurisdiction of                        (I.R.S. employer
  incorporation or organization)                      identification no.)


One Oliver Plaza, Pittsburgh, Pennsylvania                 15222             
(Address of principal executive offices)                (Zip Code)           


Registrant's telephone number, including area code:        (412) 566-3000    




Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.


Yes  X   No       

The number of shares outstanding of each of the registrant's classes of common
stock as of July 31, 1995:


     Title of Class                              Shares Outstanding
Common Stock, $1.00 par value                        14,700,296   




                     DRAVO CORPORATION AND SUBSIDIARIES

                                    INDEX


PART I - FINANCIAL INFORMATION

                                                                  Page No.

       Consolidated Balance Sheets at June 30, 1995
       and December 31, 1994                                         3, 4    
 
       Consolidated Statements of Operations for the
       Quarters ended June 30, 1995 and 1994                            5

       Consolidated Statements of Operations for the 
       Six months ended June 30, 1995 and 1994                          6    

       Consolidated Statements of Cash Flows for the
       Quarters ended June 30, 1995 and 1994                         7, 8

       Notes to Consolidated Financial Statements                  9 - 14

       Management's Discussion and Analysis of Financial    
       Condition and Results of Operations                         15, 16


PART II - OTHER INFORMATION
 
      Item 4.  Submission of Matters to a Vote of Security   
                Holders                                                17

      Item 6.  Exhibits and Reports on Form 8-K                        17


SIGNATURES                                                             18




















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                                 SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.




                                                                             
                                         DRAVO CORPORATION                   
                                         (Registrant)




Date: August 14, 1995                    /s/ERNEST F. LADD III               
                                         Ernest F. Ladd III
                                         Executive Vice President and        
                                         Chief Financial Officer      
                                      
                                                                      
Date: August 14, 1995                     /s/LARRY J. WALKER                 
                                          Larry J. Walker                    
                                          Vice President and Controller      
                                          (Principal Accounting Officer)
                                   
                                   





























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