Teledyne Technologies Wins $1.67 Million Navy Contract
LOS ANGELES April 5, 2006 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Electronic Safety Products has been awarded a $1.67M contract by Martin-Baker Aircraft Ltd, in Denham, England. The contract is to supply Future Advanced Sequencer Technology (FAST) sequencers over the next two years in support of the US Navy's T-45C and US Navy / Switzerland's F/A-18 E/F aircraft.
FAST is Teledyne's 4th generation electronic sequencer was designed to increase performance and offer integrated expandability and is a natural evolution of the existing 3rd generation Navy Aircrew Common Ejection Seat (NACES) electronic sequencers also designed by Teledyne that are currently fielded on the US Navy's F14D, F/A18 C/D/E/F, T-45A/C aircraft.
"The success of the FAST program and the 18 years of continuous production for the NACES/FAST programs underscore Teledyne's commitment to our aircrew in developing and producing the best safety products to enhance their 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."
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.
Martin-Baker Aircraft Co. Ltd. Is the world leader in ejection seat manufacturing with over 7,000 lives saved to date. More information about Martin-Baker Aircraft Co. Ltd. can be found on the Company's website at www.martin-baker.co.uk.