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Teledyne Brown Engineering Announcs Alliance With IFS On E-Business Solutions

HUNTSVILLE, Ala. (June 5, 2000)-Teledyne Brown Engineering announced today it has reached agreement with IFS to form a strategic alliance to offer IFS' eBusiness TM and IFS Applications TM enterprise software to public and private sector customers.

The alliance will allow Teledyne Brown Engineering to combine its expertise in working with government customers with IFS' leading component-based software solutions.

"Our IFS Applications solution has previously been successfully implemented in various European government agencies, specifically in defense applications," said Terje Vangbo, president and chief executive office of IFS North America. "Our partner strategy is to form a few key strategic alliances to capitalize on the strengths in our products by working closely with companies that can successfully deliver them. One of the leaders in this market is Teledyne Brown Engineering."

Vangbo added, "Defense agencies need solutions that seamlessly integrate the traditional functions of the enterprise, together with managing and servicing high-priced assets. IFS has taken this a step further by making it easy and cost effective to move these operations to a Web-based environment."

Richard A. (Dick) Holloway, president of Teledyne Brown Engineering, said the strategic alliance with IFS creates a powerful e-business base for both companies. "It puts us in a unique position of leadership for providing logistics systems applications, and for a variety of e-government applications solutions, by taking advantage of IFS' superiority in commercial e-business applications, and of our ability to deliver special purpose solutions for both civilian and Department of Defense agencies."

John Irby, vice president of Information Technology for Teledyne Brown, agreed, saying, "We provide a wide range of IT solutions, including our growing e-business and e-government systems integration solutions practice. This alliance enables us to provide our customers with extremely flexible, cost effective, and scalable enterprise software solutions that meet the unique needs of this market."

Teledyne Brown Engineering, Inc. (www.tbe.com) is a technology solutions company headquartered in Huntsville, Ala. Teledyne Brown Engineering provides high-end information technology, aerospace, systems engineering and integration, environmental, and energy products solutions to an array of government and commercial customers. The company's Information Technology unit offers a wide range of solutions including Web-based applications design and development, e-business system integration, training solutions, software design and development, modeling, simulation, and engineering analysis.

Teledyne Brown Engineering, Inc. is a wholly owned subsidiary of Teledyne Technologies Incorporated (NYSE: TDY), headquartered in Los Angeles, Calif. Teledyne Technologies is a leading provider of sophisticated electronics and communications products, systems engineering solutions, and aerospace products and components. Teledyne Technologies has operations in the U.S., the United Kingdom and Mexico. More information about Teledyne Technologies may be found on the company's Web site at www.teledyne.com.

IFS North America, headquartered in Tucson, Ariz., is a wholly owned subsidiary of Industrial & Financial Systems, AB (IFS), headquartered in Linkoping, Sweden. IFS develops and supplies business applications that span the entire demand and supply chain. The company's approach to e-business allows customers to move step by step from their present operations to a solid e-business strategy that seamlessly integrates Web storefronts, front-office applications, and back-office operations to the shop floor. The IFS business concept is designed to increase a company's freedom of action and its competitiveness by offering integrated solutions consisting of standardized business components. IFS uses proven, third-generation component technology, and therefore is able to easily add a wide variety of new e-business or enterprise resource planning (ERP) capabilities.

IFS Applications includes Web-based ERP components, Internet store fronts, customer relationship management (CRM) applications, connectivity to other ERP solutions, and collaboration with process control systems, as well as a variety of e-commerce engines. IFS Applications offers more than 50 functional business components for improving business processes in medium-to-large sized companies. With more than 3,400 employees, and with its products sold in 40 countries through 61 offices worldwide, IFS is the world's fastest-growing company in the business applications market. IFS eBusiness TM and IFS Applications TM are trademarks of Industrial & Financial Systems.

For more information contact:

John Bridges, VP, Marketing
IFS North America
(520) 512-2000
(520) 512-2001 (fax)

For more information contact:

Debra Deininger, Media Relations
IFS North America
(520) 512-2521
(520) 512-2001 (fax)

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