Teledyne Wins $67.4 Million U.S. Army Task Order

THOUSAND OAKS, Calif. – May 1, 2015 – Teledyne Technologies Incorporated (NYSE:TDY) today announced that its subsidiary, Teledyne Brown Engineering, Inc., was awarded the Target Execution, Asset and Material Development, Lethality Testing and Analysis (TEAM DELTA) Task Order with the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command (USASMDC/ARSTRAT) under the Test Execution Services and Launch Augmentation (TESTLA) contract. Teledyne will provide test execution, lethality development and validation, analyses, flight and ground test data collection, live fire test and evaluation, and missile integration and flight testing for missile defense weapon systems. This task order under an indefinite delivery, indefinite quantity contract has a value of up to $67.4 million over a period of 36 to 48 months, depending on the exercise of contract options. “For decades, Teledyne has been a leading provider of missile defense software, hardware in the loop simulation, and test and integration services,” said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. “We are proud to bring our team’s test and evaluation expertise to the U.S. Government, and look forward to providing high technology solutions to meet our military’s current and future needs.” The task order will support the Test Execution Support Division (TESD) within the Technical Center at USASMDC/ARSTRAT. The mission of TESD is to provide end-to-end flight test planning, design, development, integration, and test execution as well as flexible missile launch platforms and unique low-cost target solutions. In addition to the Technical Center, customers of TESD include the United States Navy, Air Force, and Marines, as well as other DOD organizations and NASA. 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 Western and Northern Europe. For more information, visit Teledyne Technologies’ website at www.teledyne.com. Forward-Looking Information 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 government spending resulting from future deficit reduction measures. Contact: Jason VanWees (805) 373-4542