<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS OF AXSYS TECHNOLOGIES, INC. AS OF DECEMBER 31, 1997 and DECEMBER 31, 1996 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 YEAR <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-START> JAN-01-1997 JAN-01-1996 <PERIOD-END> DEC-31-1997 DEC-31-1996 <CASH> 573 0 <SECURITIES> 0 0 <RECEIVABLES> 17,868 0 <ALLOWANCES> 265 0 <INVENTORY> 26,003 0 <CURRENT-ASSETS> 45,156 0 <PP&E> 21,879 0 <DEPRECIATION> 8,502 0 <TOTAL-ASSETS> 78,694 0 <CURRENT-LIABILITIES> 20,209 0 <BONDS> 8,629 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 41 0 <OTHER-SE> 47,276 0 <TOTAL-LIABILITY-AND-EQUITY> 78,694 0 <SALES> 117,294 82,420 <TOTAL-REVENUES> 117,294 82,420 <CGS> 81,196 58,247 <TOTAL-COSTS> 81,196 58,247 <OTHER-EXPENSES> 23,975 17,889 <LOSS-PROVISION> 166 50 <INTEREST-EXPENSE> 2,633 2,343 <INCOME-PRETAX> 9,324 3,891 <INCOME-TAX> 3,762 1,549 <INCOME-CONTINUING> 5,562 2,342 <DISCONTINUED> (319) 513 <EXTRAORDINARY> (109) (173) <CHANGES> 0 0 <NET-INCOME> 5,134 2,682 <EPS-PRIMARY> 1.53<F1> 0.72<F1> <EPS-DILUTED> 1.43<F1> 0.68<F1> <FN> <F1> Earnings per share has been preparesd in accordance with SFAS No. 128. Basic and diluted EPS have been entered in place of primary and fully diluted, respectively. </FN>