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Airbus Selects Teledyne as Sole Supplier for On-board Information Terminal (OIT) on A320/330/340 Aircraft Families

LOS ANGELES - July 20, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Controls has been selected by Airbus as the sole supplier of their On-board Information Terminal (OIT) hardware on the A320 and A330/340 aircraft families. This Electronic Flight Bag (EFB) solution, part of Airbus In Flight Information System (AFIS), will be available for new and retrofit Single Aisle and Long Range aircraft installations.

"This was a competitive procurement, and we are very pleased that Airbus has chosen Teledyne's solution for their OIT project," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. "This agreement further strengthens our strategic relationship with Airbus. Teledyne's EFB products are based on technology acquired in 2003, and this important order demonstrates our capability in successfully integrating acquired product lines."

The OIT solution supplied by Teledyne is a Class 3 Electronic Flight Bag designed to provide cockpit crew members with an ergonomic and convenient tool to access vital information while onboard. The system consists of two 12.1-inch XGA touch screen color display terminals in landscape mode, mounted within the crewmember sliding table assembly, and each connected to a Computer Processing Unit located in the electronic and equipment bay. The processor units, interconnected to each other for video switching and system redundancy, have also their own resources to operate independently. Additionally, a keyboard can be attached to the system via USB interface. The OIT solution is designed to operate in flight, and can be easily stowed, when not in use. The system is scheduled to be certified in the second quarter of 2005.

Teledyne EFB systems can integrate a wide range of flight deck applications from Airbus and Teledyne, including onboard performance, aeronautical charts, graphical weather, and an electronic documentation browser capable of displaying flight operations manuals, equipment lists, operating procedures, and many other airline documents.

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 www.teledyne.com.

Airbus is a leading aircraft manufacturer with the most modern and comprehensive family of airliners ranging in capacity from 100 to more than 500 seats with the latest state-of-the art technologies on the market. Airbus has delivered more than 3,500 aircraft to some 260 customers and operators world-wide, and boasts a healthy delivery backlog of some 1,400 aircraft, which, at current rates, represents close to five years of production. With an annual turnover of 19.2 billion in 2003, Airbus is a global company with design and manufacturing facilities in France, Germany, the UK, and Spain, as well as subsidiaries in the U.S., China and Japan. Headquartered in Toulouse, France, Airbus is an EADS joint Company with BAE Systems. More information about Airbus can be found at www.airbus.com.

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640

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