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Teledyne's Optical Quick Access Recorder Selected by U.S. Air Force

LOS ANGELES - October 31, 2001 - Teledyne Technologies Incorporated (NYSE: TDY) today announced that Teledyne Controls' Optical Quick Access Recorder (OQAR) has been selected by the U.S. Air Force for its C-17 Globemaster III, recognized as the most modern and sophisticated military transport aircraft in the world.

"Teledyne's Optical Quick Access Recorder was the only unit available that complied with the Air Force's latest specifications," said Robert Mehrabian, Teledyne's chairman, president and chief executive officer. "The C-17 will be the first military aircraft transport jet with a commercial, off-the-shelf Data Acquisition and Recording System capable of meeting the flight data acquisition requirements of the Air Force's Aircraft Information Program Directive of December 2000."

Deliveries of the OQAR will be made to meet the C-17 production schedule, based on various options. These options, if exercised, would support the entire fleet, with a total contract value of approximately $3.5 million.

About Teledyne Controls
Headquartered in Los Angeles, Teledyne Controls, a business unit of Teledyne Technologies Incorporated, is a leading manufacturer and innovator of a wide range of air transport, business & commuter aircraft, helicopter, and airport systems. Teledyne Controls supports its many airline, airframe, helicopter, and airport customers with extensive product-support bases and worldwide facilities. More information about Teledyne Controls can be found at www.teledyne-controls.com.

About Teledyne Technologies Incorporated
Teledyne Technologies is a leading provider of sophisticated electronics and communication products, systems engineering solutions and aerospace engines and components. 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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