Teledyne Technologies Reports Fourth Quarter Results

LOS ANGELES - January 27, 2005 - Teledyne Technologies today reported fourth quarter 2004 sales of $288.1 million, compared with sales of $222.4 million for the same period in 2003. Net income for the fourth quarter of 2004 was $13.4 million ($0.39 per diluted share), compared with net income of $7.8 million ($0.24 per diluted share) in the fourth quarter of 2003. Net income for the fourth quarter of 2004 included pretax pension expense of $2.1 million ($1.6 million after recovery from certain government contracts), compared with pretax pension expense of $1.8 million for the same period of 2003.

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Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640