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Teledyne Technologies Wins $48 Million U.S. Army Contract

LOS ANGELES - July 18, 2000 - Teledyne Technologies Incorporated (NYSE:TDY) announced today it has been awarded a $48 million U.S. Army contract to provide state-of-the-art Extended Air Defense Simulation (EADSIM) software to the U.S. Army's Space and Missile Command.

EADSIM (version 8.00) is a war-gaming simulation product that allows the user to predict the outcome of simulated air, space, missile and ground warfare in theater conflicts. Examples of systems involved are the Army's Patriot and THAAD (Theater High Altitude Area Defense) missile systems.

The software simulates fixed and rotary wing aircraft, tactical ballistic missiles, cruise missiles, infrared and radar sensors, satellites, command and control structures, sensors and communications networks and devices, and fire support in an environment that includes the effects of battlefield terrain as well as personnel and equipment attrition on the outcome of a specific hostile engagement. EADSIM is currently used by some 390 agencies, including 10 foreign countries.

Teledyne Technologies (www.teledyne.com) is a leading provider of sophisticated electronics and communications products, systems engineering solutions, and aerospace products and components. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico.

This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from these forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Teledyne Technologies' periodic filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K.

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640

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