EXHIBIT 99.2




Aeroquip-Vickers, Inc.
For Immediate                                     Aeroquip-Vickers, Inc.
Release                                           3000 Strayer
               Contacts:                          P.O. Box 50
               Investor                           Maumee, Ohio 43537-0050
               William R. Ammann 419/867-2215
               Media
               Richard G. Rump 419/867-2292



                    Aeroquip-Vickers, Inc. Announces
                    New Share Purchase Rights Plan




   MAUMEE, Ohio, December 10, 1998 --- Aeroquip-Vickers, Inc. (NYSE:ANV)
announced today that its Board of Directors has adopted a new share purchase
rights plan that provides for rights to be issued to shareholders of record on
February 7, 1999.  The new rights plan will be effective as of February 7,
1999, and will replace Aeroquip-Vickers' existing rights plan which will
expire on February 6, 1999.

   "The new rights plan is an extension and modification of Aeroquip-Vickers'
existing rights plan that is intended to ensure that Aeroquip-Vickers
shareholders receive fair and equal treatment if efforts are made to gain
control of the company without paying all shareholders a fair price," said
Darryl F. Allen, Aeroquip-Vickers chairman, president and chief executive
officer.

   Under the plan, the rights will initially trade together with
Aeroquip-Vickers common stock and will not be exercisable.  Like the company's
existing rights plan, in the absence of further board action, the rights under
the new plan generally will become exercisable and allow the holder to acquire
Aeroquip-Vickers common stock at a discounted price if a person or group
acquires 20% or more of the outstanding shares of Aeroquip-Vickers common
stock.  Rights held by persons who exceed the 20% threshold will be void.
Under certain circumstances, the rights will entitle the holder to buy shares
in an acquiring entity at a discounted price.



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Aeroquip-Vickers Adopts New Rights Plan, Page 2




   The plan also includes an exchange option.  In general, after the rights
become exercisable, the Board of Directors may, at its option, effect an
exchange of part or all of the rights -- other than rights that have become
void -- for shares of Aeroquip-Vickers common stock.  Under this option,
Aeroquip-Vickers would issue one share of common stock for each right, subject
to adjustment in certain circumstances.

   Aeroquip-Vickers' Board of Directors may, at its option, redeem all rights
for $.01 per right, generally at any time prior to the rights becoming
exercisable.  The rights will expire on February 7, 2009, unless earlier
redeemed, exchanged or amended by the Board of Directors.

   The issuance of the rights is not a taxable event, will not affect
Aeroquip-Vickers' reported financial condition or results of operations
(including earnings per share), and will not change the way in which
Aeroquip-Vickers common stock is currently traded.  Aeroquip-Vickers, Inc. is
two companies, Aeroquip Corporation and Vickers, Incorporated, world leaders
in the design, manufacture and distribution of engineered components and
systems to the industrial, aerospace and automotive markets.



12/10/98


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