Teledyne Technologies Wins $18.7 Million Air Force Contract
LOS ANGELES - September 21, 2005 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Electronic Safety Products has been awarded a contract by Goodrich Corporation's (NYSE:GR) Aircraft Interior Products division, in Phoenix, AZ.. The contract is to supply ejection seat Digital Recovery Sequencers (DRS) over the next five years based on yearly quantity releases from the U.S. Air Force in support of F-22, F-15, F-16, F-117, A-10, B-1B, and B-2 aircraft. This contract is the culmination of a highly successful 18-month development program between the U.S. Air Force, Goodrich, and Teledyne.
The DRS is Teledyne's 5th generation electronic sequencer which is designed to eventually replace all currently fielded ACES II ejection seat Analog Recovery Sequencers for the U.S. Air Force.
"The success of the DRS program underscores Teledyne's commitment to our aircrew in developing the best safety products to enhance the survivability in emergency situations," 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."
Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com.
Teledyne Technologies is a leading provider of sophisticated electronics components, instruments and communications products, systems engineering solutions, and aerospace products and components, with operations in the United States, the United Kingdom, Mexico and Canada. More information about Teledyne Technologies can be found on the Company's website at www.teledyne.com.