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News

Teledyne Awarded NASA Service Contract

LOS ANGELES - November 3, 2003 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Brown Engineering, Inc., has been awarded a minimum value $35 million contract, over five years assuming all options are exercised, to provide propellants, pressurants and calibration services in support of NASA's Marshall Space Flight Center (MSFC), in Huntsville, Ala.

Teledyne Brown has been operating and maintaining MSFC's propellant, high-pressure and cryogenic systems for the past 32 years. Teledyne Brown employees have worked more than 1.6 million continuous hours over the past 11 years without a lost-time accident.

Teledyne Brown's extended safety record has been recognized by MSFC through several awards and commendations including three MSFC Director's Commendations Safety Awards, one MSFC Safety Excellence Award and two NASA Safety Awards. These awards recognized the excellent leadership and safety management procedures executed on in support of this key NASA program.

"Teledyne Brown has done an outstanding job of providing sustained support to our NASA customer while maintaining a superb safety record on this contract," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. "We are committed to maintaining this high level of excellence in our key role of supporting America's space programs."

As MSFC's prime contractor for this service, Teledyne Brown will continue to oversee the operation and maintenance of propellant and pressurants, storage and distribution systems, and calibration services related to MSFC testing and space research activities.

"I congratulate the Teledyne Brown Engineering team for more than 30 years of excellent sustained support to NASA," said U.S. Representative Bud Cramer (D-Ala.), "This award is another demonstration of the high level of excellence provided by our North Alabama workforce."

Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico. For more information, visit Teledyne Technologies' website at www.teledyne.com.

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640




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