H H Oil Tool Co

The Patriot missile's direct hits in knocking out Iraqi weapons in the Gulf War are being directly felt in the San Fernando Valley. In Chatsworth, for example, Datametrics Corp. makes rugged computer printers for the Patriots' launching trucks, providing soldiers with messages and computer data. The company expects demand for the Patriot, which is built by Raytheon Co.

After watching their first-quarter earnings tumble along with crude oil prices, several local oil companies are expecting their sales to rise now that crude prices have started to climb. Crude oil prices have risen from $18 a barrel in mid-February to nearly $21 as of Friday, and that will help Fortune Petroleum Corp. of Agoura Hills and Benton Oil & Gas Co. of Oxnard--as well as H & H Oil Tool Co. in Santa Paula, which provides equipment to the industry.

Chalk up one more for Valley stocks. Shares of companies in the San Fernando Valley region again outperformed the overall stock market in the first quarter, just as they did in 1991. While Wall Street posted a decidedly mixed showing in the three months that ended March 31, 62% of the local issues moved ahead. An index of the region's stocks, compiled for The Times by Media General Financial Services of Richmond, Va.