Teledyne Selected for $350 Million NASA Engineering Contract

  Teledyne Selected for $350 Million NASA Engineering Contract

Business Wire

THOUSAND OAKS, Calif. -- March 7, 2013

Teledyne Technologies Incorporated (NYSE:TDY) announced today that its
subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., has been
selected as one of three contractors for NASA/Marshall Space Flight Center’s
(MSFC) Engineering Solutions and Prototyping (ESP) contract.

The ESP contract is an Indefinite Delivery Indefinite Quantity (IDIQ) vehicle,
worth up to $350 million over five years. Under this contract, Teledyne Brown
willprovide NASA/Marshall Space Flight Center with space systems design and
development, hardware integration and testing, and technology maturation,
including bench testing and prototype development and process development, in
support of flight projects, human and robotic exploration, science and
technology development and future programs/projects.

“The Marshall Space Flight Center is a centerpiece of NASA’s engineering
capabilities, and is critical to America’s future in space,” said Robert
Mehrabian, chairman, president and chief executive officer of Teledyne. “This
selection is a reflection of Teledyne’s exceptional capabilities and
performance in space engineered systems. We are honored to be a part of
NASA/Marshall’s exciting future through collaborative work under ESP.”

For over 50 years, Teledyne Brown Engineering has been in the business of
developing and building space systems. Under ESP, Teledyne has assembled an
array of solution providers capable of meeting NASA’s project life cycle
needs. This experienced team of partners, with a breadth and depth of deep
technical skills provided by large businesses and niches filled by small
businesses in all specified categories, will help satisfy the demands of the
ESP contract. Additionally, Teledyne’s outstanding hardware manufacturing
facilities in close proximity to MSFC will enable quick response time with
solutions that are technically and fiscally sound.

“Whether in human exploration, scientific research, or propulsion, all of
MSFC’s key NASA roles will be furthered through work in ESP for many years to
come,” said Rex Geveden, president of Teledyne Brown Engineering. “We are
pleased to now build on our more than 50 years of engineering performance
history with NASA/Marshall through this new ESP contract.”

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 2012 Annual Report on Form 10-K.

Contact:

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