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Teledyne Achieves Success in Live Fire Testing of Guided Munitions under DARPA’s EXACTO Program

THOUSAND OAKS, Calif. – September 3, 2014 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Scientific & Imaging, LLC, recently demonstrated the first-ever precision guided munition capability in live fire testing of guided .50 caliber bullets under the Defense Advanced Research Projects Agency (DARPA) Tactical Technology Office’s EXtreme ACcuracy Tasked Ordnance (EXACTO) program. The objective of the EXACTO program is to develop and demonstrate a highly accurate small caliber weapon system capable of addressing moving targets at extreme ranges and in high winds.

“We are pleased to have successfully demonstrated such an advanced capability designed to further empower our military personnel,” said Robert Mehrabian, Chairman, President, and Chief Executive Officer of Teledyne.

Teledyne’s team for the EXACTO program includes Alliant Techsystems, Cubic Defense Applications, the Charles Stark Draper Laboratory, and Teledyne Brown Engineering, Inc.

Teledyne Technologies Incorporated 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 Western and Northern Europe. For more information, visit Teledyne Technologies’ website at www.teledyne.com or Teledyne Scientific & Imaging’s website at www.teledyne-si.com.

Contact: Jason VanWees (805) 373-4542

Approved for Public Release, Distribution Unlimited

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