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Teledyne Technologies Relocates Corporate Headquarters

LOS ANGELES - September 28, 2001 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that it is relocating its corporate headquarters to the company's existing electronics and communications facility in West Los Angeles as of Monday, October 1.

"The relocation of Teledyne's corporate employees, currently based in a leased headquarters office in Los Angeles, is part of our overall effort to reduce cost and improve operating efficiencies across the company," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. "In addition to reducing our lease expenses, we are able to combine support functions and eliminate duplicative management in our Electronics and Communications segment."

The new corporate address is: 12333 West Olympic Blvd., Los Angeles, California 90064. Phone: (310) 893-1600 Fax:(310)893-1669.

All corporate headquarters employees will have new telephone and fax numbers as of October 1. Including the 33 relocated employees, a total of 388 Teledyne employees will be based at the West Olympic location.

Teledyne Technologies is a leading provider of sophisticated electronics 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 can be found at www.teledyne.com

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640

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