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Teledyne Technologies Wins Three-Year Contract From Exelon Generation Company

LOS ANGELES - February 26, 2003 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Instruments, Inc. has won a contract from Exelon Generation Company, LLC to provide material and valve maintenance labor services for outage and non-outage support to Exelon's Nuclear operating unit.

"We are proud to be working with Exelon Nuclear, an acknowledged leader in the U.S. nuclear power industry," said Robert Mehrabian, chairman, president, and chief executive officer of Teledyne Technologies Incorporated. "Being selected by Exelon for this contract is a testament to Teledyne's technical expertise and proven track record."

Exelon Nuclear operates the largest nuclear power generation fleet in the nation and the third largest in the world, with 10 stations and 17 reactors which represent approximately 20 percent of the U.S. nuclear industry's power capacity. Teledyne's contract will cover all 17 of Exelon's reactors and run from January 2003 to January 2006.

Teledyne Technologies is a leading provider of sophisticated electronics components, instruments and communication products, systems engineering solutions, and aerospace products and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico. 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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