TELEDYNE TECHNOLOGIES INC acquires Rockwell Scientific Company LLC

TELEDYNE TECHNOLOGIES INC acquired Rockwell Scientific Company LLC for $167.5 million in cash (sellers retaining certain liabilities), a transaction completed in September 2006, structured as all cash.

Rockwell Scientific Company LLC operates in Aerospace and Defense Electronics / Digital Imaging, is based in Headquartered in Thousand Oaks, California, had revenue of about $114 million revenue (fiscal year ended September 30, 2005). Rockwell Scientific Company, headquartered in Thousand Oaks, California, is a leading provider of research and development services and a leader in developing and manufacturing infrared and visible-light imaging sensors for surveillance applications. It was 50 percent owned by each of Rockwell Automation and Rockwell Collins and, post-acquisition, operates under the names Teledyne Scientific Company and Teledyne Imaging Sensors. For its fiscal year ended September 30, 2005, Rockwell Scientific had revenue of $114 million.

Leading R&D services and infrared/visible imaging-sensor capabilities for surveillance applications. Operates as Teledyne Scientific Company and Teledyne Imaging Sensors

Teledyne Technologies Incorporated (NYSE: TDY) announced today that it has completed its acquisition of Rockwell Scientific Company LLC for $167.5 million in cash, with the sellers retaining certain liabilities. Rockwell Scientific will operate under the names Teledyne Scientific Company and Teledyne Imaging Sensors.Teledyne Technologies press release, September 18, 2006

Advisory firms were not disclosed for this transaction.

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