<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FORM DRAVO
CORPORATION'S DECEMBER 31, 1997 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
       
                                                  
<PERIOD-TYPE>                   12-MOS                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996
<PERIOD-END>                               DEC-31-1997             DEC-31-1996
<CASH>                                            1477                    1600
<SECURITIES>                                         0                       0
<RECEIVABLES>                                    26376                   24362
<ALLOWANCES>                                       612                     176
<INVENTORY>                                      17434                   16481
<CURRENT-ASSETS>                                 45655                   43018
<PP&E>                                          263926                  238025
<DEPRECIATION>                                  121277                  112026
<TOTAL-ASSETS>                                  255230                  225409
<CURRENT-LIABILITIES>                            41745                   34541
<BONDS>                                              0                       0
<COMMON>                                         15103                   15097
<PREFERRED-MANDATORY>                            15000                   20000
<PREFERRED>                                         18                      20
<OTHER-SE>                                       94545                   78798
<TOTAL-LIABILITY-AND-EQUITY>                    255230                  225409
<SALES>                                         162476                  158133
<TOTAL-REVENUES>                                162476                  158133
<CGS>                                           121641                  118165
<TOTAL-COSTS>                                   121641                  118165
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                7025                    6426
<INCOME-PRETAX>                                  11043                   14128
<INCOME-TAX>                                    (4073)                       0
<INCOME-CONTINUING>                              15116                   14128
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     15116                   14128
<EPS-PRIMARY>                                      .85                     .79
<EPS-DILUTED>                                      .85                     .78