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News

Teledyne Wins NASA Space Station Cargo Mission Contract

LOS ANGELES - January 15, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Brown Engineering, Inc., has won a potential $40 million subcontract from Lockheed Martin Space Operations of Houston in support of the International Space Station (ISS) Cargo Mission Contract. The initial term of the contract is four years and nine months with two one-year options available as add-ons to the original term.

Under the contract, Teledyne Brown will be integrating pressurized and unpressurized cargo items for the Space Station. Cargo items include scientific payloads, ISS crew-related items, ISS vehicle logistics hardware, and Orbital Replacement Units critical to maintaining the ISS in orbit. These services will be for the Mini-Pressurized Logistics Module and the international partners pressurized modules and will include Space Shuttle integration services, the Japanese H-II Transfer Vehicle and the European Automated Transfer Vehicle. Cargo required for immediate usage aboard the ISS is now being prepared for launch aboard the Russian Progress and Soyuz vehicles until the Space Shuttle returns to flight later this year.

"This is a significant win for Teledyne Brown," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. "We are proud to continue our role in supporting our nation's space initiatives. We are looking forward to maintaining our relationship with NASA's Johnson Space Center and are pleased to be on the Lockheed Martin team."

Teledyne Brown, a recognized expert in pressurized payload integration, has been a supplier of payload mission integration services for more than 20 years and include such projects as the Spacelab and the Russian MIR space program.

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, Mexico and Canada. For more information, visit Teledyne Technologies' website at www.teledyne.com.

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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