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Teledyne Attains SEI-CMM Level 4

LOS ANGELES - December 22, 2003 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that the Technologies Group of Teledyne Brown Engineering, Inc., has achieved Level 4 of the Software Engineering Institute's Capability Maturity ModelTM (CMM). The assessment team was lead by a representative of ABS Group, Inc, of Houston, TX. According to the SEI's SW-CMM Maturity Profile Report in September, only 110 of the 1300 organizations reported they have CMM-Level 4.

The CMM is a model that establishes the key elements of an effective software process from planning and engineering to managing software development and maintenance. SEI CMM Level 4 provides rigorous statistical measures for managing software processes and software project management.

"This distinction is an outstanding achievement by Teledyne Brown," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. "It will be a key differentiator for Teledyne Brown in pursuing complex projects for customers who have stringent software requirements."

The CMM is an integral part of Teledyne Brown's software development and sustainment activities. Each of Teledyne Brown's software projects is monitored, audited, and reviewed for compliance with Level 4 processes to ensure continued conformance.

Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies' website at www.teledyne.com.

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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