Teledyne Awarded U.S. Navy Contract

LOS ANGELES, California -- June 23, 2005 -- Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Electronic Safety Products has been awarded a $2.1 million contract by the Naval Inventory Control Point (NAVICP) in Mechanicsburg, Pa. The contract is to supply 412 ACES II Recovery Sequencers in support of U.S. Air Force F-22, F-15, F-16, F-117, A-10, B-1B, and B-2 aircraft. The contract is for 13 months. "Our ACES II production line is now in its 18th consecutive year. At the conclusion of this contract, Teledyne will have produced over 8,500 ejection seat sequencer systems for the U.S. Air Force, the Japan Defense Agency, and the North Atlantic Treaty Organization (NATO)," said Robert Mehrabian, chairman, president, and chief executive officer of Teledyne Technologies. "We are proud to provide this equipment which contributes to the safety of our military personnel." The ACES II (Advanced Concept Ejection Seat) Recovery Sequencer is an electronic device that is designed to remain dormant until initiated by the aircrew member in case of an in-flight emergency requiring an ejection. Once initiated, the seat catapult and rocket motor are fired and hot gas pressure from the rocket motor activates the Recovery Sequencer's internal thermal batteries that provide electrical power to the system's electronics. When the Recovery Sequencer is powered, a barostatic pressure system measures airspeed and altitude, and initializes the Recovery Sequencer's recovery mode. Once the ejection seat has cleared the aircraft's fuselage, pyrotechnic charges are electrically initiated by the Recovery Sequencer, which activates a drogue parachute (used to decelerate high speed ejections), stabilization rocket, divergence thruster, drogue parachute release, parachute deployment, and seat/aircrew separation events to effect a safe aircrew member recovery. Contact: Investors Jason VanWees (310) 893-1642 Media Robyn McGowan (310) 893-1640

Source: Teledyne
Date: Jun 23, 2005

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