December 14, 1995




Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, NW
Stop 1-4
Washington, D.C. 20549-1004

Attention:  Filing Desk

RE:  Thiokol Corporation
     Commission File No. 1-6179
     Current Report on Form 8-K dated December 14, 1995

Ladies/Gentlemen:

This Form 8-K is being filed electronically on EDGAR pursuant to Item 5,
Other Events.

Sincerely,

/s/Edwin M. North

Edwin M. North

Enclosures

cc:   New York Stock Exchange (w/manually signed copy of report)
      Chicago Stock Exchange (w/manually signed copy of report)





                       SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549


                                   _________
       

                                   FORM 8-K

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported):     December 14, 1995


                             Thiokol Corporation
    ______________________________________________________________________
            (Exact name of registrant as specified in its charter)


                                  Delaware
    ______________________________________________________________________
               (State or other jurisdiction of incorporation)


         1-6179                                   36-2678716
   ________________________              _______________________________
   Commission File Number               (IRS Employer Identification No.)


      2475 Washington Boulevard, Ogden, Utah               84401-2398
   ______________________________________________________________________
  (Address of principal executive offices)                     (Zip Code)


                                  (801) 629-2000
                          _____________________________
                          Registrant's Telephone Number





                             ITEM 5 - OTHER EVENTS



News Release                                             December 14, 1995
  


THIOKOL COMPLETES THE ACQUISITION OF HOWMET CORPORATION


OGDEN, Utah,  December 14, 1995 -- Thiokol,  and its joint venture partner,
Carlyle  Group,  have  finalized  the $750  million  acquisition  of Howmet
Corporation, the world's largest manufacturer of investment cast components
for gas  turbine  engines,  and the  Cercast  Group,  a major  producer  of
high-quality   aluminum   alloy   investment   castings,    from   Pechiney
International, S.A., a multinational French firm.

Thiokol and Carlyle Group, a Washington, D.C., based private merchant bank,
will manage the new  acquisition  through a board of  directors,  with each
having equal  representation.  Howmet and Cercast will  continue to operate
with its present  management at 30 facilities in North America,  Europe and
Asia. Current Howmet employment is 8,500 with annual sales of approximately
$900 million.

Thiokol  Corporation  (TKC-NYSE)  is a major  producer of solid  propulsion
systems,  ordnance  and  composite  products  for  the  space  and  defense
industries,  and  high-  technology,   proprietary  fastening  systems  for
aerospace and industrial applications.

                            (END NEWS RELEASE)




                                 SIGNATURE


Pursuant to the  requirements  of the  Securities and Exchange Act of 1934,
the  Registrant  has duly  caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                                THIOKOL CORPORATION
                                                    (Registrant)


                                               /s/Edwin M. North
Dated: December 14, 1995              By: ________________________________
                                                  Edwin M. North            
                                                orporate Secretary