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Best American Indemnity Insurance Company, Ltd. Call 1-8 0 0-INSURANCE for Alternatives—ext. 297, for Personal Insurance—ext. 294 NEL FARR Metro Detroit LINCOLN MERCURY GID Other Dealer NEW '96 LINCOLN CONTINENTAL ZERO DOWN! ..7„. 1... . , „:. - . 2---7-- . :2L- — 41111 ■ L At MINNA "EQUITY TRADE PROGRAM" We Pay Off Your Trade Regardless of How Much You Owe!' TOYOTA MAZDA • VW NEW '96 TOYOTA CA :Y erm m os _, I (NEW '96 MERCURY VILLAGER GS RO DO I Lease $298.05 * Per m 24 mos—. 18673, Aulo, air, pwr. pkg., 11703, Aulo, pwr. moonroof, Am/Fm cars., CD Am/Fm/cars. & more player, gold pkg., rear spoiler. mud guards, pwr., pkg, air and more! $1250 down, $225 sec. dep NEW '96 MAZ A 626 LX Lease 01ca* — From 9IU4 24 os_ 411•111 ■ 1L61108, 692A- Pkg., Light group, vent window, and more! Zero down includes $1000 rebate, $325 sec. dep. 12,000 miles per yr.-closed end lease. 4178 Highland Rd Waterford NEW '96 VW JETTA ease t inn* Per mo. From 910 24 mos Lease $ 498 .05* L 1L61242, Touring package, healed sea s, LOADED! Zero down includes $3250 in rebates applied as down payment, plus includes $500 owner loyal! down. $525 sec. d 12 000 mile . - r .-closed end lease. 6 Tacil Less! '" 41 ■ 11M. 18447, Auto.. air, AM/FM/Cass., CD player, Gold pkg., and more! $1250 down, 200 sec., dep. CALL NOW! 24 HOUR INFORMATION CENTER 1765 S. Telegraph Rd 1 -800-MEL-FARR Bloomfield Hills OPEN SAT. 10-3 /LAI. All prices plus tax, title, plate, lic., doc., and destination or acquisition fees. Leases all require 1st mo. & sec. dep. plus down pymt. Based on conventional financing. To get pymt. multiply by no. of mos. Option to purchase at lease end for predetermined amt. Price determined at lease inception. 15,000 mile/yr. limit on leases. Ilc per mile excess (12,000 miles/yr. limit on Import leases. 10c mile excess). Lessee responsible for excessive wear & tear. Dealer not responsible for typographical errors. Pictures may not represent actual vehicles on sale. Prior sales excluded. Dealer financing on select vehicles only. Others require conventional credit approval. ♦ Customer must meet min. down pymt. requirements for approved credit w/ FMCC. Valid on 2 or 3 yr. Red Carpet Leases only. Valid on new vehicle leases only. On vehicles of greater value than pay-off of trade-in. Difference between cash value & of trade & pay-off amt. will be added to cost of new lease. Pymts. on lease may increase accordingly. The difference may be paid. up front w/ down pymt. on lease if customer chooses.SALE ENDS Friday, July 12, 1996 at 6 p.m.. dissemble, repair and make parts for F15 and F16 jet fighters, Blackhawk and Apache heli- copters, among other aircraft, in large, orderly hangars painted in green with blue, red and yellow trim. In the manufacturing build- ing, a neat display of small en- gine parts, including casings, turbine disks and flame holders, is on view for potential cus- tomers. Miro Bitton, training manager in the manufacturing division, who has been with the company for more than two decades, says the changes he has witnessed from the company's physical conditions to worker mo- tivation have been revolutionary, adding that individual worker output doubled from $27,000 per year in 1992 to $54,000 in 1995, and workers have not gone on strike since the takeover. Standing before a broaching machine, which makes slits for blades in steering-wheel-sized discs which then become part of Pratt and Whitney and General Electric jet engines, Mr. Bitton says: "Before, workers would try 20 times to get one good part. Now they try once and that's it." When Mr. Shacham arrived at Beit Shemesh, he realized an- other one of his tasks would be to improve the plant's reputation among potential clients who had previously been disappointed by the company's failure to meet budgetary targets and delivery dates. Although Mr. Shacham says Beit Shemesh is a "tiny, tiny player" in the world marketplace, the international market is es- pecially important to Beit Shemesh, which could not sur- vive solely on the Israel Defense Ministry's business. "The future of this company is in exports," says Mr. Shacham. "If we think we can depend on the local market, we might as well shut down today." The globalization process be- gan in 1992 when Pratt and Whitney gave Beit Shemesh a small, $500,000, five-year con- tract for its Spacer line. Em- ploying its new philosophy of delivering goods on time for the negotiated rates, the renewed company succeeded in impress- ing its client and is now looking at $7 million in sales to Pratt and Whitney for 1996. Mr. Shacham anticipates a resurgence in the industry. Al- though Beit Shemesh saw im- provements in business over the past four years, international aviation business shrank by 35 percent over the same period. The falloff occurred because of the collapse of the former Sovi- et Union and big losses airlines around the worldhave suffered. Now, he says, airline companies have used up their spare en- gines and parts and will have to purchase more and service their existing ones. With all indications showing the industry has hit rock bot- tom, Mr. Shacham expects de- mand for Beit Shemesh's services to increase. And the company is simultaneously ex- panding into the production of turbine engines for use in Or- mat's power generating plants, which are located in 11 coun- tries. But despite all the good news, he says he is not satisfied. (_\ The company's target is to double its volume to $40 million by the year 2000 and to maxi- mize worker output. "It will take five more years before we will be as strong as we want to be." ❑ LEADING ISRAELI STOCKS TRADED ON U.S. EXCHANGES June 21 June 28 Change NASDAQ '18.12 '17.25 -'0.87 ECI Telecom NASDAQ '24.00 '23.25 TEVIY Teva Pharm NASDAQ '39.75 '37.84 IEC PEC Israel NYSE '18.37 '18.12 ELBTF Elbit Computers NASDAQ '17.75 '17.61 ELT Elscint LTD NYSE '12.84 '11.61 ELRNF Elron Electronics NASDAQ '10.81 '11.37 TAD Tad i ran NYSE '26.37 '27.00 CMVT Co mverse NASDAQ '27.75 '30.50 ISL First Israel Fund NYSE '11.87 '11.50 Symbol Name Exchange SCIXF Scitex ECILF 5 1.91 5 1.23 -50.37 Source: Allen Olender, Prudential Securities, West Bloomfield.