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News

Teledyne Technologies to Present at the Banc of America Securities Investment Conference

LOS ANGELES - September 21, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced that Robert Mehrabian, chairman, president and chief executive officer, and Jason VanWees, director of corporate development and investor relations, will make a presentation at the Banc of America Securities 34th Annual Investment Conference on Thursday, Sept. 23, at 9:30 a.m. (Pacific) at The Ritz-Carlton Hotel in San Francisco, Calif.

Live webcasts of Teledyne's conference presentation and breakout discussion session may be accessed via the company's website at www.teledyne.com or the following URL links:

Copies of Teledyne Technologies' latest investor presentation will be publicly available on the company's website prior to the scheduled meetings.

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.

Teledyne's investor relations presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to earnings, growth opportunities, acquisitions, capital expenditures, pension matters and strategic plans. Actual results could differ materially from these forward-looking statements. Many factors, including changes in demand for products sold to the semiconductor, communications and commercial aviation markets, funding, continuation and award of government programs, changes in insurance expense, customers' acceptance of piston engine price increases, continued liquidity of the company's customers (including commercial airline customers) and economic and political conditions, could change the anticipated results. In addition, stock market fluctuations affect the value of the company's pension assets.

Global responses to terrorism and other perceived threats increase uncertainties associated with forward-looking statements about the company's businesses. Various responses to terrorism and perceived threats could realign government programs, and affect the composition, funding or timing of the company's programs. Reinstatement of flight restrictions would negatively impact the market for general aviation aircraft piston engines and components.

The company continues to take action to assure compliance with the internal controls, disclosure controls and other requirements of the Sarbanes-Oxley Act of 2002. While the company believes its control systems are effective, there are inherent limitations in all control systems, and misstatements due to error or fraud may occur and not be detected.

While Teledyne Technologies' growth strategy includes possible acquisitions, the company cannot provide any assurance as to when, if or on what terms any acquisitions will be made. Acquisitions, including the proposed acquisition of Celeritek's defense electronics assets (which is subject to approval of Celeritek's shareholders) and the recent acquisitions of Reynolds Industries, Incorporated, Isco, Inc. and certain assets of Leeman Labs, Inc., involve various inherent risks, such as, among others, the company's ability to integrate acquired businesses and to achieve identified financial and operating synergies.

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 2003 Annual Report on Form 10-K and its Forms 10-Q, as well as its earnings releases. Forward-looking statements are generally accompanied by words such as "estimate", "project", "predict", "believes" or "expect", which convey the uncertainty of future events or outcomes. The company assumes no duty to publicly update or revise any forward-looking statements, whether as a result of new information or otherwise.

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640




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