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Teledyne Technologies Wins Contract from Orbital Sciences Corporation

Will Perform Work on Boost Vehicles for America's Missile Defense Program

LOS ANGELES - May 23, 2002 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Brown Engineering, Inc. has been selected as a strategic subcontractor to Orbital Sciences Corporation (NYSE:ORB) to perform work on ground-based boost vehicles for America's missile defense program. The contract performance period is eight years, and the potential contract value to Teledyne Brown is $23.5 million.

A part of the Missile Defense Agency's (MDA) Ground-based Midcourse Defense (GMD) program, the boost vehicles will lift advanced exo-atmospheric kill vehicles (EKVs) into space. These vehicles are designed to locate, track, and destroy intercontinental ballistic missiles in flight. Teledyne Brown will support Orbital's GMD boost-vehicle program through Teledyne's engineering facility in Huntsville, Ala. and with personnel located at Orbital facilities in Chandler, Ariz.

"Teledyne Brown has worked on America's space and missile defense programs for more than 49 years, and has the experience and capability to support Orbital on this program," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. "We are obviously proud to play an important role in the development of this important program for our country's defense."

Teledyne's role on the Orbital Sciences program will be in the areas of systems/specialty engineering, logistics, and software support. The company currently plays a major role in support of the GMD program, with personnel stationed around the world providing support to the Department of Defense and to major prime and other contractors.

The Ground-based Midcourse Defense program is in its fifth year of advanced development, and is based on technologies pioneered in the 1980s and 1990s by the Missile Defense Agency. GMD is currently a research and development program incorporating extensive ground and flight tests to determine system performance against intercontinental ballistic missile targets.

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 and Mexico. More information about Teledyne Technologies can be found on the Company's website at www.teledyne.com.

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640

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