THOUSAND OAKS, Calif. – February 3, 2012 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Scientific & Imaging, LLC (TS&I), was awarded a $7.7 million contract by the United States Air Force to fabricate, test, and deliver 3,137 Aircrew Laser Eye Protection Block 2 spectacles. The potential value of the contract including options is $20.4 million for a total of 8,500 spectacles over three years. Deliveries began in December 2011. TS&I was the prime contractor for the prior Aircrew Laser Eye Protection Block 1 program, where the company delivered approximately 5,000 eyewear to the United States Air Force.
Teledyne Scientific & Imaging is a high-technology enterprise with world-class R&D capabilities in imaging sensors, materials technology, electronics, and information science. TS&I performs research services for the U.S. Government and private sector companies, as well as manufacturing and selling high value products, a result of world class Research and Development. For more information on TS&I, visit our website at www.teledyne-si.com.
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 2010 Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
Investor Contact: Jason VanWees (805) 373-4542
Press Contact: Robyn E. McGowan (805) 373-4540