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Teledyne Technologies Wins $3.7 Million Air Force Contract

LOS ANGELES - September 4, 2002 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Electronic Safety Products has been awarded a $3.7 million contract by the Naval Inventory Control Point (NAVICP) in Mechanicsburg, Pa. The contract is to supply 940 ACES II Recovery Sequencers in support of U.S. Air Force F-22, F-15, F-16, F-117, A-10, B-1B, and B-2 aircraft. The contract is for 15 months.

The ACES II (Advanced Concept Ejection Seat) Recovery Sequencer is an electronic device that remains dormant until initiated by the aircrew member in case of an in-flight emergency requiring an ejection. Once initiated, the seat catapult and rocket motor are fired and hot gas pressure from the rocket motor activates the Recovery Sequencer's internal thermal batteries that provide electrical power to the system's electronics.

When the Recovery Sequencer is powered, a barostatic pressure system measures airspeed and altitude, and initializes the Recovery Sequencer's recovery mode. Once the ejection seat has cleared the aircraft's fuselage, pyrotechnic charges are electrically initiated by the Recovery Sequencer, which activates a drogue parachute (used to decelerate high speed ejections), stabilization rocket, divergence thruster, drogue parachute release, parachute deployment, and seat/aircrew separation events to effect a safe aircrew member recovery.

"Our ACES II production line is now in its 16th consecutive year. At the conclusion of this contract, Teledyne will have produced nearly 7,000 ejection seat sequencer systems for the U.S. Air Force, the Japan Defense Agency, and the North Atlantic Treaty Organization (NATO)," 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 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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