Teledyne Awarded Multi-Million Dollar ID/IQ Air Force Contract

LOS ANGELES--(BUSINESS WIRE)--June 7, 2005--Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Brown Engineering, Inc. was one of four companies awarded an indefinite delivery/indefinite quantity U.S. Air Force contract with a ceiling of $500 million over the five year period. Teledyne Brown will be providing engineering and technical services to the Air Force Operational Test and Evaluation Center (AFOTEC) headquartered at Albuquerque, New Mexico with locations in Colorado Springs, Colorado; Lancaster, California and Fort Walton Beach, Florida. "This award will give Teledyne Brown an opportunity to provide the Air Force with similar high quality test and evaluation services that the company has been supplying to the Army and NASA for more than 50 years," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. The scope of Teledyne Brown's work will include systems engineering and integration; operational test and evaluation; software development, verification and validation; mission operations and analysis and range operations. Teledyne Brown will be supporting testing of all new Air Force systems and major modifications to existing systems as well as providing support for rapid testing of special programs and projects. Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies' website at Contacts Teledyne Technologies Incorporated Investor Contact: Jason VanWees, 310-893-1642 or Press Contact: Robyn McGowan, 310-893-1640

Source: Teledyne
Date: Jun 7, 2005

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