Teledyne Awarded $39.2 Million U.S. Navy Contract for Autonomous Underwater Vehicles

Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Brown Engineering, Inc., was awarded an indefinite-quantity/indefinite-delivery contract with a maximum base value of $27.4 million from the U.S. Navy for the Littoral Battlespace Sensing-Glider (LBS-G) program. The contract, awarded under full and open competition, includes a single five-year ordering period and five one-year option periods. The option periods, if exercised, have a ceiling value of $39.2 million.

Teledyne Slocum gliders are long-endurance, buoyancy-driven autonomous underwater vehicles (AUVs) that provide a highly persistent means to sample and characterize the ocean water column properties. They can do this at spatial and temporal resolutions not possible using other vessels or tactical units alone. The AUVs host a range of oceanographic sensors to support antisubmarine warfare, mine countermeasures and Naval Special Warfare mission areas.

Teledyne Brown Engineering and sister company, Teledyne Webb Research, will perform the design, development, fabrication, production, test, and support of the LBS-G systems. Under a previous contract awarded in 2009, Teledyne delivered 203 gliders to the U.S. Navy.

“We are pleased to announce the continuation of Teledyne’s successful partnership with the Naval Information Warfare Systems Command to deliver this capability,” stated Jan Hess, President of Teledyne’s Engineered System Segment and Teledyne Brown Engineering. “We look forward to supporting the Navy and assisting with its awareness and understanding of the ocean’s conditions.”

Teledyne Slocum gliders provide the U.S. Navy the capability to conduct persistent sampling of large ocean areas for long periods of time. They also allow focused sampling to obtain extremely high-resolution data within a smaller, tactically significant operating area. The LBS-G System, part of the LBS Unmanned Undersea Vehicles (UUV) program, is part of a solution to close critical capability gaps allowing the U.S. Navy to characterize adequately and persistently the physical ocean environment on tactical and strategic scales in a battlespace.

About Teledyne Brown Engineering

Teledyne Brown Engineering is an industry leader in full-spectrum engineering and advanced manufacturing solutions for harsh environments in space, defense, energy, and maritime industries. For over six decades, the company has successfully delivered innovative systems, integration, operations, and technology development worldwide. For more information, visit Teledyne Brown Engineering’s website at www.tbe.com.

About Teledyne Webb Research:

Teledyne Webb Research designs and manufactures scientific instruments for oceanographic research and monitoring with a focus on extended observations over both time and space. Teledyne Webb Research specializes in three areas of ocean instrumentation: neutrally buoyant, autonomous drifters and profilers (10,000 delivered to date), autonomous underwater gliding vehicles (900 delivered to date) and moored underwater sound sources. These systems are core to several major ocean monitoring programs including the international Argo array, the National Science Foundation Ocean Observatories Initiative and the U.S. Navy Littoral Battlespace Sensing – Glider (LBS-G) program of record. A Teledyne Webb Research Slocum glider, the Scarlet Knight, was the first unmanned vehicle to cross an ocean. For more information, visit Teledyne Webb Research’s website at www.teledynemarine.com/webb-research.

About Teledyne Technologies Incorporated

Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne Technologies' operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.

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