<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AVONDALE INDUSTRIES, INC.'S ANNUAL REPORT FILED ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 81,752 <SECURITIES> 0 <RECEIVABLES> 101,746 <ALLOWANCES> 0 <INVENTORY> 23,226 <CURRENT-ASSETS> 232,868 <PP&E> 264,537 <DEPRECIATION> (134,481) <TOTAL-ASSETS> 375,615 <CURRENT-LIABILITIES> 87,644 <BONDS> 51,819 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,956 <OTHER-SE> 193,021 <TOTAL-LIABILITY-AND-EQUITY> 375,615 <SALES> 613,993 <TOTAL-REVENUES> 613,993 <CGS> 538,515 <TOTAL-COSTS> 538,515 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,804 <INCOME-PRETAX> 42,083 <INCOME-TAX> 15,250 <INCOME-CONTINUING> 26,833 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 26,833 <EPS-PRIMARY> 1.85 <EPS-DILUTED> 1.85