THOUSAND OAKS, Calif. – July 24, 2012 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Defence Limited, has been awarded a multi-year contract to supply a large quantity of electronic equipment to PA Consulting Group, under contract to its client. This production contract, a follow-on to earlier development contracts, is for a software based radio system.
“The award of this contract is recognition of Teledyne's success in supporting the development of a world-leading capability, and working with our partners in implementing very challenging client specifications in demanding timescales," said Robert Mehrabian, chairman, president, and chief executive officer of Teledyne.
Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies' operations are primarily located in the United States, Canada, the United Kingdom and Mexico. For more information, visit Teledyne Technologies' website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to a contract award. Actual results could differ materially from these forward-looking statements. Many factors could change anticipated results, including funding, continuation and award of government programs, as well as cuts to defense spending resulting from future deficit reduction measures. Various risks, including risks associated with government contracts, are identified in Teledyne's 2011 Annual Report on Form 10-K and subsequent Quarterly Report on Form 10-Q.
Investor Contact: Jason VanWees (805) 373-4542
Press Contact: Robyn E. McGowan (805) 373-4540