<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS RESTATED SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
AVONDALE INDUSTRIES, INC.'S CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED
STATEMENTS OF OPERATIONS AT THE DATES AND FOR THE PERIODS THEN ENDED AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
       
<S>                             <C>                        <C>                      <C>
<PERIOD-TYPE>                   3-MOS                      6-MOS                    9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998               DEC-31-1998              DEC-31-1998
<PERIOD-START>                             JAN-01-1998               JAN-01-1998              JAN-01-1998
<PERIOD-END>                               MAR-31-1998               JUN-30-1998              SEP-30-1998
<CASH>                                         101,060                    67,439                   58,211
<SECURITIES>                                         0                         0                        0
<RECEIVABLES>                                   94,320                   103,993                  108,236
<ALLOWANCES>                                         0                         0                        0
<INVENTORY>                                     19,364                    21,986                   28,971
<CURRENT-ASSETS>                               239,177                   215,629                  213,860
<PP&E>                                         268,849                   274,311                  282,833
<DEPRECIATION>                               (136,565)                 (137,001)                (139,155)
<TOTAL-ASSETS>                                 383,989                   365,303                  370,981
<CURRENT-LIABILITIES>                           89,204                   100,046                   99,254
<BONDS>                                         50,838                    49,663                   48,682
<PREFERRED-MANDATORY>                                0                         0                        0
<PREFERRED>                                          0                         0                        0
<COMMON>                                        15,956                    15,962                   15,963
<OTHER-SE>                                     198,352                   169,828                  177,703
<TOTAL-LIABILITY-AND-EQUITY>                   383,989                   365,303                  370,981
<SALES>                                        184,625                   363,088                  561,049
<TOTAL-REVENUES>                               184,625                   363,088                  561,049
<CGS>                                          164,497                   321,615                  496,167
<TOTAL-COSTS>                                  164,497                   321,615                  496,167
<OTHER-EXPENSES>                                     0                         0                        0
<LOSS-PROVISION>                                     0                         0                        0
<INTEREST-EXPENSE>                               1,137                     2,120                    2,927
<INCOME-PRETAX>                                 11,902                    24,231                   36,687
<INCOME-TAX>                                     4,525                     9,200                   13,800
<INCOME-CONTINUING>                              7,377                    15,031                   22,887
<DISCONTINUED>                                       0                         0                        0
<EXTRAORDINARY>                                      0                         0                        0
<CHANGES>                                      (2,046)                   (2,046)                  (2,046)
<NET-INCOME>                                     5,331                    12,985                   20,841
<EPS-PRIMARY>                                     0.37                      0.91                     1.49
<EPS-DILUTED>                                     0.37                      0.90                     1.48
        

</TABLE>