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Teledyne Technologies Wins Space and Missile Defense Command Contract

LOS ANGELES - April 30, 2002 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Solutions, Inc., has been awarded a multimillion-dollar contract from the U.S. Army Space and Missile Defense Command (SMDC). Teledyne Solutions will provide a broad array of technical services in support of the Command contract including expertise relating to missiles, optical and radar sensors, targets, command communications, test and evaluation, lethality, systems integration, information technology, simulation, and other areas.

The Teledyne family of companies is now entering its 41st year of uninterrupted service to the SMDC and its predecessor organizations.

Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies, said, "We are pleased to have earned the continued confidence of the Command, and we're excited about the opportunity to continue our support at a time when missile defense has become increasingly important to our nation and to the armed forces."

Teledyne Solutions will direct a team of more than 40 contractors that will support missile-defense programs for SMDC, the Army Program Executive Office for Air and Missile Defense, and the Missile Defense Agency (MDA). These services will be performed under the SMDC Systems Engineering and Technical Assistance Contract, known as SETAC. The contract performance period is for three years with two one-year options. It is anticipated that the SMDC will award approximately $500 million in task orders to the seven SETAC contractors awarded contracts under this acquisition.

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. Teledyne Solutions, Inc. is an indirect subsidiary of Teledyne Technologies.

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640

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