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                                                  EXHIBIT 99.4

                                          NEWS RELEASE
Wyman-Gordon Company                      
244 Worcester Street
Box 8001
North Grafton, Massachusetts  01536-8001
                              Contact: Luis E. Leon
                                       Vice President
                                       Chief Financial Officer
                                       and Treasurer

                                       Business 508-839-4441

     MAY 24, 1994... WYMAN-GORDON COMPANY ANNOUNCED today that, at
a Special Meeting, its shareholders voted to approve the company's
acquisition of Cameron Forged Products Company, a subsidiary of
Cooper Industries, Inc. for 16.5 million new Wyman-Gordon shares of
common stock and $5 million cash payable in installments. 
Management now expects to complete this acquisition before the end
of this week.  As a result of the acquisition, Cooper will hold
approximately 48% of Wyman-Gordon's outstanding common stock. 
Dewain K. Cross, Senior Vice President, Finance of Cooper, and H.
John Riley, Jr., President and Chief Operating Officer of Cooper,
have joined Wyman-Gordon's Board of Directors.

     David P. Gruber, who assumed the duties of Chief Executive
Officer beginning with today's meeting, commented:  "Consolidation
within the aerospace forging industry was imperative to bring
capacity more in balance with demand and, from resulting efficiency
improvements, to further reduce costs."

     The Company also announced it has formulated plans for the
integration of the two companies' operations.  These plans will
include the closure of duplicate facilities, reductions in
employment levels and adoption of the best manufacturing processes
at all locations.  The Company will record a provision for the
costs of this integration plan of approximately $30 million and an
additional $15 million of non-recurring and mostly non-cash charges
relating to other events which occurred during the period.  The
most significant of these other charges include $5 million
incidental to the closure of a casting facility and $5 million for
certain employee benefit related accruals and unamortized fees
relating to the termination of the former credit facility described
below.

     Further, Wyman-Gordon announced today that it will change its
fiscal year from the traditional calendar year to a year which
begins June 1 and ends May 31.  Accordingly, the Company will end a
five-month "short-1994 fiscal year" on May 31, 1994 and begin its
new fiscal year on June 1, 1994.  Mr. Gruber stated:  "This change
will enable us to conform our year to our customers' needs and will
facilitate a whole year of reporting our combined results."  During
this short-1994 fiscal year, the Company will record the
acquisition and all charges discussed above.   

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     Finally, the Company announced the completion of a new five-
year $65 million trade receivables securitization facility through
its wholly-owned, special-purpose subsidiary, Wyman-Gordon
Receivables Corporation.  This facility is available for general
corporate purposes and replaces a $40 million revolving credit
agreement.  This new facility, which received an AAA rating from
Standard & Poors, improves the Company's already strong liquidity. 
The Company's current cash position approximates $25 million.

     Wyman-Gordon is a leading manufacturer of high quality
technically advanced forgings, investment castings and composite
structures for the commercial transportation and defense equipment 
industries.


                                                                             







































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