Teledyne Technologies Wins $2.4 Million Air Force Contract.Business Editors/High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--June 6, 2003 Teledyne Technologies Incorporated (NYSE NYSE See: New York Stock Exchange :TDY TDY abbr. temporary duty ) announced today that Teledyne Electronic Safety Products has been awarded a $2.4 million contract by the Naval Inventory Control Point (NAVICP NAVICP Naval Inventory Control Point NAVICP NAVSEA Inventory Control Point ) in Mechanicsburg, Pa. The contract is to supply 517 ACES II Recovery Sequencers in support of U.S. Air Force F-22, F-15, F-16, and B1-B aircraft. The contract is for 12 months. The ACES II (Advanced Concept Ejection Seat) Recovery Sequencer See MIDI sequencer. (music) sequencer - Any system for recording and/or playback of music via a programmable memory which stores music not as audio data, but as some representation of notes. is an electronic device that remains dormant until initiated by the aircrew member in case of an in-flight emergency. Upon initiation the sequencer controls the timing of ejection events, such as drogue chute and parachute deployment to assure the crewmember the fastest and safest recovery possible. "Over the last 17 years, Teledyne has produced over 7,000 ejection seat sequencers for the U.S. Air Force and the North Atlantic Treaty Organization North Atlantic Treaty Organization (NATO), established under the North Atlantic Treaty (Apr. 4, 1949) by Belgium, Canada, Denmark, France, Great Britain, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal, and the United States. (NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. )," said Robert Mehrabian, chairman, president, and chief executive officer of Teledyne Technologies. "We are extremely proud of our unblemished safety record and 100% on-time delivery for this important product." Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communications products, systems engineering solutions, aerospace products and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico. |
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