BRUNSWICK <BC> SEES HIGHER 1987 FIRST QUARTER Brunswick Corp expects 1987 first quarter sales to be up "dramatically" and profits to "do well," chairman and president Jack Reichert said after a securities analysts meeting. He declined to be more specific. In the 1986 first quarter, Brunswick reported earnings of 23.8 mln dlrs or 57 cts a share on sales of 396.7 mln dlrs. Reichart noted that results of its two newly-acquired boat manufacturing companies will be included in the company's first quarter report. Brunswick expects its recreation centers to benefit from increased attention to the sport of bowling resulting from acceptance in the 1988 Summer Olympics of bowling as an exhibition sport and as a medal sport in the 1991 Pan American Games, he said. He said field testing of a new bowling concept involving electronic features is being readied for test marketing this summer, and if successful, could "materially benefit" operations. Brunswick is currently test marketing in California a health club facility adjoining a bowling center, he said. Turning to its defense operations, Reichert said he expects the division to receive significant contracts in the near future. At 1986 year end, Brunswick's defense contract backlog stood at 425 mln dlrs. Frederick Florjancic, vice president-finance, told analysts Brunswick was disappointed two credit rating services recently downgraded the company's debt which stood at about 665.4 mln dlrs at 1986 year end. "We are confident we can service our debt and bring it down in the very near term," based on strong cash flow from Brunswick's expanded boat operations, Florjancic said. Shareholders at the company's April 27 annual shareholders meeting will be asked to approve an increase in the authorized common shares outstanding to 200 mln from 100 mln shares, a company spokesman said.