Teledyne Technologies Wins Navy and Air Force Contracts for Traveling Wave Tubes
LOS ANGELES - March 28, 2001 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that it has been awarded a $17 million fixed price contract with the U.S. Navy to provide high power traveling wave tubes (TWTs) for the EA-6B Prowler stand-off jamming aircraft. The EA-6B Prowler provides an umbrella of protection over strike aircraft, ground troops and ships by jamming enemy radar and electronic communications. Teledyne expects the work to be completed by September 2004.
Teledyne was also awarded a $3.5 million cost plus fixed fee contract with the U.S. Air Force to provide TWTs for the F-15 Eagle tactical fighter aircraft. The F-15 Eagle is an all-weather, extremely maneuverable, tactical fighter. The TWTs produced by Teledyne Technologies support the internally mounted AN-ALQ-135 jamming system designed to counter surface air threats with minimum crew activity.
Teledyne Technologies is a leading provider of sophisticated electronics and communications products, systems engineering solutions, and aerospace products and components, with operations in the United States, the United Kingdom and Mexico. More information about Teledyne is available from its website at www.teledyne.com.
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from these forward-looking statements. Many factors, including the extent and timing of technological changes, enhancements of competitors' products, and continued weakness in the economy, could affect anticipated results. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Teledyne Technologies' periodic filings with the Securities and Exchange Commission, including its 2000 Annual Report on Form 10-K.