Teledyne Awarded New Decontamination System Contract
THOUSAND OAKS, Calif. – November 6, 2007 – Teledyne Technologies Incorporated (NYSE: TDY) announced today that Teledyne Brown Engineering, Inc., of Huntsville, Ala., has been awarded a contract from the Department of Defense to design, develop, integrate, test, manufacture and deliver the Joint Material Decontamination System (JMDS) to U.S. military forces.
The JMDS will be designed to remove toxic contamination as a result of nuclear, biological and chemical weapons from sensitive electronic equipment, command posts, aircraft and avionics, and other applications where water and harsh decontamination materials could damage or destroy items being decontaminated.
“With the award of the JMDS, Teledyne Brown will leverage its strength in engineered systems to deliver a technology that the Department of Defense has sought for many years,” said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies.
The initial contract, valued at $14.7 million, calls for Teledyne Brown to develop and test the JMDS. Teledyne Brown will also prepare associated documentation, and provide training, logistics, technical and field support.
Follow-on options call for low rate initial production and final production of JMDS on successful demonstration of system performance. For this effort, Teledyne Brown is teamed with BIOQUELL, PLC (LSE: BQE) of Andover, England, a full service provider of biological decontamination equipment and services for hospitals and other critical applications.
About Teledyne Technologies Incorporated
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.
Investor Contact: Jason VanWees (805) 373-4542
Press Contact: Robyn McGowan (805) 373-4540