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Teledyne Wins $120 Million NASA Mission Operations & Integration Contract

  Teledyne Wins $120 Million NASA Mission Operations & Integration Contract

Business Wire

THOUSAND OAKS, Calif. -- February 7, 2013

Teledyne Technologies Incorporated (NYSE: TDY) announced today that its
subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., has been
awarded a five year prime contract with a potential total value of $120.1
million to continue providing dedicated payload operations and integration
support for the International Space Station (ISS) and other Marshall Space
Flight Center managed missions.

Teledyne Brown has supplied more than 100,000 hours of round the clock support
to the ISS Payload Operations Integration Center in the 15 years since being
awarded the initial contract. The company has played a major role in
supporting NASA science research aboard the ISS through the integration of
payloads, providing crew training activities for these payloads, developing
experiment procedures and delivering real-time support to science teams from
around the world.

“Teledyne has an extraordinary history of supporting NASA science operations
on the International Space Station,” saidRobert Mehrabian, chairman,
president, and chief executive officer of Teledyne Technologies. “This award
speaks to our strengths in remote space-based science operations and is highly
complementary to our commercial space imaging business.”

Teledyne Brown’s experts are the link between scientists, the astronauts and
experiments conducted on the ISS. In addition, the company’s staff manages
payload resources, communications with the crew, and collection of experiment
data and provides 24/7 flight console operations along with the training and
certification of console operators.

The new contract goes into effect March 1, 2013.

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 government
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 Reports on
Form 10-Q.

Contact:

Teledyne Technologies Incorporated
Investor Contact:
Jason VanWees
805-373-4542
or
Press Contact:
Robyn McGowan
805-373-4540
 
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