Watkins Johnson Co

When the first Tomahawk cruise missile hit Baghdad at 3:01 a.m. Thursday, it ushered in a new era of warfare in which U.S. forces take advantage of sophisticated electronic weaponry developed since the Vietnam War to strike their targets with unprecedented precision. In its wartime debut, the Tomahawk appears to have proved every bit as accurate as its proponents have long insisted it would be. According to Navy officials, more than 90 of the 100 missiles fired from U.S.

Leading California companies are listed in the 1987 Roster in the following categories: industrials; financial institutions, including banks, savings and loans and holding companies; merchandising firms; transportation firms; insurance, including life and fire and casualty; and utility corporations. A 1987 rank and a rank for the previous year 1986 are given numerically for each industrial company.

The University of California's Board of Regents, overseer of the nation's most prestigious public system of higher education, has been badly bruised in the past three months by the difficult selection of a new UC president, furors over executive compensation and the looming specter of state budget deficits.

Millard S. Drexler joined the Gap Inc. in 1983 with a clear mission: revitalize the retailer's floundering Gap Stores division. He proceeded to do just that, engineering what some analysts call one of the most remarkable turnarounds in retailing history. In return, Drexler has been richly rewarded. The Gap's president earned $7.7 million in total compensation for fiscal 1986.