THOUSAND OAKS, Calif. - February 7, 2013 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., has been awarded a five year prime contract with a potential total value of $120.1 million to continue providing dedicated payload operations and integration support for the International Space Station (ISS) and other Marshall Space Flight Center managed missions.
Teledyne Brown has supplied more than 100,000 hours of round the clock support to the ISS Payload Operations Integration Center in the 15 years since being awarded the initial contract. The company has played a major role in supporting NASA science research aboard the ISS through the integration of payloads, providing crew training activities for these payloads, developing experiment procedures and delivering real-time support to science teams from around the world. "Teledyne has an extraordinary history of supporting NASA science operations on the International Space Station," said Robert Mehrabian, Chairman, President, and Chief Executive Officer of Teledyne Technologies. "This award speaks to our strengths in remote space-based science operations and is highly complementary to our commercial space imaging business."
Teledyne Brown's experts are the link between scientists, the astronauts and experiments conducted on the ISS. In addition, the company's staff manages payload resources, communications with the crew, and collection of experiment data and provides 24/7 flight console operations along with the training and certification of console operators.
The new contract goes into effect March 1, 2013.
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 could change anticipated results, including funding, continuation and award of government programs, as well as cuts to government spending resulting from future deficit reduction measures. Various risks, including risks associated with government contracts, are identified in Teledyne's 2011 Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
