<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET OF AXSYS TECHNOLOGIES, INC. AS OF DECEMBER 31, 1998 AND THE RELATED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 69 <SECURITIES> 0 <RECEIVABLES> 17,384 <ALLOWANCES> 507 <INVENTORY> 27,028 <CURRENT-ASSETS> 46,812 <PP&E> 26,611 <DEPRECIATION> 11,531 <TOTAL-ASSETS> 76,211 <CURRENT-LIABILITIES> 16,096 <BONDS> 5,612 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 41 <OTHER-SE> 52,087 <TOTAL-LIABILITY-AND-EQUITY> 76,211 <SALES> 116,581 <TOTAL-REVENUES> 116,581 <CGS> 81,238 <TOTAL-COSTS> 81,238 <OTHER-EXPENSES> 24,514 <LOSS-PROVISION> 309 <INTEREST-EXPENSE> 932 <INCOME-PRETAX> 9,588 <INCOME-TAX> 1,063 <INCOME-CONTINUING> 8,525 <DISCONTINUED> (2,426) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,099 <EPS-PRIMARY> 1.46<F1> <EPS-DILUTED> 1.45<F1> <FN> <F1>Earnings per share has been prepared in accordance with SFAS No. 128. Basic and diluted EPS have been entered in place of primary and fully diluted, respectively. </FN>