LOS ANGELES, CA - November 15, 2004 - Teledyne Controls, a business unit of Teledyne Technologies Incorporated (NYSE: TDY), announced today that Hapag-Lloyd, the German flag carrier of Europe's leading tourism group TUI AG, has placed an order for Teledyne Controls' Wireless GroundLink® (Wireless Quick Access Recorder - WQAR) for use on its A310 and B737 Classic fleets. Teledyne's WQAR will enable Hapag-Lloyd to fully automate the recording and transmission of its flight data and therefore reducing risk of data loss involved with traditional manual procedures.

"After several months of successful trial, Teledyne Controls' Wireless GroundLink® has proved to be a highly reliable solution with outstanding data recovery rates," said Captain Eckhard Jann, Safety Pilot in the Investigation Team at Hapag-Lloyd. "Moreover, Teledyne's WQAR will enable us to retrieve flight data upon landing in any airport, without having to wait for the aircraft to be back to its home base. This is a significant benefit as this will permit to identify and address issues in a timely manner in case a critical event occurs."

With this new order, Teledyne Controls supplies the last building block of Hapag-Lloyd's Flight Data Monitoring (FDM) program, a quality assurance process designed to improve operations and increase safety through the analysis of flight data on a routine basis. As an integral part of the FDM system implemented at Hapag-Lloyd, Teledyne's Wireless GroundLink is to be used in conjunction with AirFASE®, a flight data measurement, analysis, and reporting software tool that the airline has recently purchased from Teledyne Controls.

"We are very pleased to assist Hapag-Lloyd to implement an efficient and integrated FDM system that meets their requirements," said Hans-Juergen Neufert, Teledyne Controls' Senior Manager of Sales and Service for the Europe region. "Teledyne Controls' FDM offering includes a wide range of FDM tools that are designed to combine easily. We can help our customers build their own unique FDM system, while providing them with one single point of sales and service."

A significant member of Teledyne Controls' FDM product line, Wireless GroundLink is designed to provide aircraft operators with an immediate, reliable, and cost-effective solution for data recording and transmission. Offering unprecedented reliability, the GroundLink system is designed to record and wirelessly transfer flight data from the aircraft to the ground, without any media handling and human intervention. The raw data recorded during the flight is compressed, encrypted and then transmitted via cellular technology and the Internet to the airline's or Teledyne's ground-based data center for processing and analysis. Using the Teledyne Wireless GroundLink system, the airlines can reduce data delivery delays (the data is available within 10-15 minutes after an aircraft has landed, versus several days or weeks with manual data retrieval), cut human and equipment costs associated with manual data retrieval, and eliminate data loss that can reach 30% with conventional manual methods.

About Teledyne Controls
Headquartered in Los Angeles, Teledyne Controls is a business unit of Teledyne Technologies Incorporated, and a leading manufacturer and innovator of a wide range of air transport, business & commuter aircraft, helicopter, and airport systems. Teledyne Controls supports its many airline, airframe, helicopter, airport customers with extensive product-support bases and worldwide facilities. More information about Teledyne Controls can be found at www.teledynecontrols.com.

About Teledyne Technologies Incorporated
Teledyne Technologies is a leading provider of sophisticated electronics, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies' website at www.teledyne.com.

About TUI AG Airlines
TUI, the world's leading tourism group registered in Hanover and Berlin, encompasses 84 tour operator brands throughout Europe with around 18 million customers per year. The Group also includes over 3,600 travel agencies, 32 incoming agencies and 290 hotels with around 157,000 beds. Its portfolio of airlines includes the seven airlines Hapag-Lloyd Flug, Hapag-Lloyd Express, Britannia Airways UK, Britannia Airways SE, ThomsonFly, Corsair and TUI Airlines Belgium with 104 aircraft. The international team at TUI Airline Management, located in Hanover, controls the strategic central functions for the 104 aircraft in the fleet: management, planning, IT, buying, flight operations, service and maintenance. This generates synergy effects, and reduces costs. In all other aspects, the airlines are run as autonomous companies with local decision making and profit generating responsibility. This ensures rapid responses to local changes in customer requirements. More information about the TUI Group is available at www.tui.com.

Teledyne Controls Contacts:
Warren Hechinger
Director of Sales & Service Europe, Africa & CIS
Teledyne Controls
Phone: +1 (310) 442-4169
Email: warren_hechinger@teledyne.com

Hans-Juergen Neufert
Senior Manager of Sales & Service Europe, Africa & CIS
Phone: +49 (0) 40-2090-9640
Email: hans-juergen_Neufert@teledyne.com