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Teledyne Awarded Multi-year Agreement with FMC Technologies

THOUSAND OAKS, Calif. – January 31, 2012 – Teledyne Technologies Incorporated (NYSE: TDY) today announced that its Teledyne Oil & Gas group was awarded a three year global frame agreement with FMC Technologies, Inc. to supply a wide portfolio of interconnect and sensing products and services in support of FMC’s offshore oil & gas business. Interconnect products from Teledyne ODI and Teledyne D.G. O’Brien are included, as well as corrosion, erosion and sensing products from Teledyne Cormon. In addition, new products based on novel materials from Teledyne Scientific Company in Thousand Oaks, Calif. in the areas of high power and fiber optic technologies are part of the agreement.

“We are pleased to have entered into this agreement with FMC,” said Robert Mehrabian, chairman, president, and chief executive officer of Teledyne Technologies. “It formalizes the long term relationships that we established in many of the FMC engineering locations across the globe, and it will facilitate the introduction of new technologies to the offshore oil industry from Teledyne Scientific.”

Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom and Mexico. For more information, visit Teledyne Technologies’ website at www.teledyne.com.

Investor Contact: Jason VanWees (805) 373-4542

Press Contact: Robyn McGowan (805) 373-4540

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