<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GIDDINGS &
LEWIS' CONSOLIDATED BALANCE SHEET AT JULY 2, 1995 AND CONSOLIDATED STATEMENT OF
INCOME FRO THE SIX MONTHS ENDED JULY 2, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUL-02-1995
<CASH>                                           4,950
<SECURITIES>                                         0
<RECEIVABLES>                                  373,770
<ALLOWANCES>                                     2,382
<INVENTORY>                                    117,177
<CURRENT-ASSETS>                               510,979
<PP&E>                                         232,939
<DEPRECIATION>                                 111,537
<TOTAL-ASSETS>                                 867,879
<CURRENT-LIABILITIES>                          318,143
<BONDS>                                              0
<COMMON>                                         3,440
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     501,065
<TOTAL-LIABILITY-AND-EQUITY>                   867,879
<SALES>                                        325,701
<TOTAL-REVENUES>                               325,701
<CGS>                                          256,197
<TOTAL-COSTS>                                  256,197
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,016
<INCOME-PRETAX>                                 27,119
<INCOME-TAX>                                    10,704
<INCOME-CONTINUING>                             16,415
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    16,415
<EPS-PRIMARY>                                      .48
<EPS-DILUTED>                                      .48