Teledyne Wins Landmark Single Source Contract from Boeing

  Teledyne Wins Landmark Single Source Contract from Boeing

Business Wire

THOUSAND OAKS, Calif. -- October 23, 2013

Teledyne Technologies Incorporated (NYSE:TDY) announced today that The Boeing
Company has awarded Teledyne Controls a landmark contract to develop and
supply the next generation of aircraft data acquisition systems for the Boeing
Next-Generation 737 and 737 MAX and the new information management system for
the 777, Next-Generation 737, 737 MAX and 747-8 production aircraft.

As an integral part of the contract, the data acquisition and information
management solution includes two newly-developed avionics units: the enhanced
Digital Flight Data Acquisition Unit (eDFDAU) and the Network File Server 2
(NFS2), designed to further improve flight safety, efficiency and maintenance.

“The trust and confidence that Boeing has shown in awarding Teledyne this
contract confirms our position as the leading provider of aircraft data
acquisition and information management systems,” said Robert Mehrabian,
chairman, president and chief executive officer of Teledyne. “We are proud to
continue our commitment of delivering ‘intelligence in flight’ to the world’s
major aircraft manufacturers and airlines.”

The NFS2 and eDFDAU are the next evolution of avionic systems that Teledyne
supplies to Boeing and airlines today. Teledyne’s current DFDAU is installed
in over two thirds of all of the Next-Generation 737s manufactured today as
Buyer Furnished Equipment (BFE), while the current generation NFS1 is standard
equipment on the 747-8, an option on the 777, and targeted to be introduced as
standard fit on the Next-Generation 737 in January 2014, and on the 777 soon
thereafter.

The new eDFDAU/NFS2 system will be offered as a single source Seller Furnished
Equipment (SFE) option on the Next-Generation 737 in 2016, and be SFE standard
equipment on the 737 MAX. The NFS2 is also expected to replace the NFS1 on the
777 once available.

“Teledyne’s experience and innovation continues to be recognized by Boeing in
providing not only the latest state-of-the-art data acquisition and network
server systems but also a collaborative approach in support of Boeing’s
Commercial Aviation Services (CAS) offerings and solutions,” said Masood
Hassan, president of Teledyne Controls.

About Teledyne Controls

Headquartered in El Segundo, Calif., Teledyne Controls is a leading
manufacturer and innovator of a wide range of aircraft data and information
management solutions for a broad range of civil and military aviation
customers. Teledyne Controls supports its many airline and airframe customers
with extensive product-support bases and worldwide facilities. For more
information, visit Teledyne Controls’ website at www.teledynecontrols.com.

About Teledyne Technologies

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, including changes in demand for products sold to the
commercial aviation market, as well as market and economic conditions beyond
the company’s control, could change anticipated results.

Contact:

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