| Tag:apparatus instrument,Teledyne Completes | | | | customized multifunction assemblies. The Defense |
| Acquisition?Defense Electronics Business | | | | Electronics business had sales of GBP 14.5 million |
| From: | | | | for its fiscal year ended May 31, 2008. |
| Teledyne Technologies Incorporated (NYSE: | | | | Teledyne Technologies is a leading provider of |
| TDY: 63.01, -1.23, -1.91%) announced today that | | | | sophisticated electronic subsystems, |
| its subsidiary, Teledyne Limited, has completed | | | | instrumentation and communication products, |
| the acquisition of the Defense Electronics business | | | | engineered systems, aerospace engines, and |
| of Filtronic PLC for GBP 13.0 million (approximately | | | | energy and power generation systems. Teledyne |
| $24.3 million). The Defense Electronics business, | | | | Technologies' operations are primarily located in |
| principally based in Shipley, United Kingdom, | | | | the United States, the United Kingdom and Mexico. |
| provides customized microwave subassemblies | | | | For more information, visit Teledyne Technologies' |
| and integrated subsystems to the global defense | | | | website at |
| industry. The acquisition, which adds expertise in | | | | Forward-Looking Statements Cautionary Notice |
| receiver subsystems and digital signal processing, | | | | This press release contains forward-looking |
| is consistent with Teledyne's strategy to provide | | | | statements, as defined in the Private Securities |
| more highly integrated microwave subsystems to | | | | Litigation Reform Act of 1995, relating to a recent |
| defense customers. | | | | acquisition. Actual results could differ materially |
| Filtronic's Defense Electronics business designs | | | | from these forward-looking statements. Many |
| and manufactures a range of microwave | | | | factors, including the Company's ability to integrate |
| products for radar, electronic support measures | | | | the acquired product lines, retain customers and |
| and electronic counter measures systems used to | | | | achieve anticipated synergies, could change |
| protect modern military platforms from hostile | | | | anticipated results. There are additional risks |
| threats. The business is recognized for delivering | | | | associated with owning and operating businesses |
| complex microwave receiver front-end | | | | internationally, including those arising from U.S. and |
| subsystems, including Instantaneous Frequency | | | | foreign government policy changes or actions and |
| Measurement (IFM) based subsystems and | | | | exchange rate fluctuations. |