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News

Teledyne Brown Engineering Awarded Future Combat Systems (FCS) Subcontract for $1.5 million
Takes Advantage of Strategic Strengths in Modeling and Simulation

HUNTSVILLE, Alabama (September 10, 2004) - Teledyne Brown Engineering, Inc. (TBE) today announced it was awarded a $1.5 million subcontract from Lockheed Martin [NYSE: LMT] to help develop and demonstrate a Multifunction Utility/Logistics and Equipment Vehicle (MULE) for the U.S. Army's Future Combat Systems (FCS) program. As part of the subcontract, Teledyne Brown will use its expertise in modeling and simulation in support of Lockheed Martin's development, demonstration, validation and verification of systems level planning, activities, accreditation, and documentation on the MULE.

The MULE, one of several unmanned vehicles being developed under the FCS program, will be used as a transport vehicle to carry supplies that are traditionally carried by soldiers. The vision of the FCS program is to use the latest technologies and systems to develop a "Future Force" which will be lighter, agile, and more responsive to tactical and strategic requirements.

"Teledyne Brown is honored to be among the companies helping the Army achieve its vision for the future," said James M. Link, president, Teledyne Brown Engineering. "We look forward to working closely with Lockheed Martin on this key Army initiative. The MULE takes advantage of many of Teledyne Brown's core strengths, especially our modeling and simulation capabilities. This contract award serves to validate those strengths."

In addition to developing new manned and unmanned vehicles, the FCS program also calls for construction of a network that will connect the vehicles and sensors with existing military infrastructure. .

About Teledyne Brown Engineering
Teledyne Brown Engineering, Inc., headquartered in Huntsville, Ala., is a full-service technology solutions company with core capabilities in technology development, systems engineering, design, prototype development, testing, manufacturing, logistics, and operations and maintenance. These capabilities are applied across a wide range of programs in aerospace, defense, information technology, and environmental engineering. More information about Teledyne Brown Engineering may be found at www.tbe.com.

About Teledyne Technologies Incorporated
Teledyne Brown Engineering is a wholly owned subsidiary of Teledyne Technologies Incorporated (NYSE: TDY), headquartered in Los Angeles, Calif. Teledyne Technologies is a leading provider of sophisticated electronics components, instruments and communications 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, Mexico and Canada. For more information, visit Teledyne Technologies' website at www.teledyne.com.

About Lockheed Martin
Headquartered in Bethesda, MD, Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. More information about Lockheed Martin can be found at www.lockheedmartin.com.

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640




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