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Teledyne Awarded Chemical And Biological Defense Services Contract

LOS ANGELES - August 30, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Brown Engineering, Inc., is among a team of companies that has been awarded an engineering services contract from the U.S. Army Edgewood Chemical Biological Center (ECBC) in Edgewood, MD. This multiple award ID/IQ contract is for a five-year term and has a $100 million ceiling.

Under the contract, Teledyne Brown will be performing engineering, development, and technical management in the areas of chemical and biological defense.

"We are excited to be able to extend Teledyne Brown's expertise in technology development to ECBC," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. "This contract with the nation's premier chemical and biological defense research, development and acquisition center takes our company beyond the chemical demilitarization work we have been doing for the Army and into supporting the nation's defense in another vitally important area."

Teledyne Brown provides a wide range of environmental solutions including the destruction of binary chemical warfare materiel for the U.S. Army, international threat reduction support, production of radioactive waste containers, and operation of radioanalytical testing laboratories.

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.

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640

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