Teledyne Technologies Wins $15 Million Contract from
Army Test and Evaluation Center
LOS ANGELES - May 28, 2002 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Brown Engineering, Inc. has received a Blanket Purchase Agreement from the U.S. Army's Test and Evaluation Center (ATEC) at Aberdeen Proving Ground, Md. Aberdeen Proving Ground is the Army's oldest active proving ground where the design and testing of ordnance materiel is carried out.
Teledyne Brown expects to receive up to $15 million in task orders over a five-year performance period. Teledyne will provide the Army with technical expertise and other professional services for use in various test and evaluation activities.
"This award is another chapter in the long history of Teledyne Brown's test and evaluation services," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies Incorporated. "We are pleased with the continued confidence shown in us by the U.S. Army."
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially as they depend on many factors, including continuation of funding of a governmental program.
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.