debis AirFinance to Purchase Teledyne Controls' Flight Data Interface Management Units (FDIMU) for Airbus A320 Family Aircraft

LOS ANGELES - August, 21, 2002 - debis AirFinance, one of the world leaders in aircraft leasing and financing, has selected Teledyne Controls' Flight Data Interface Management Unit (FDIMU) as the baseline data acquisition unit for their thirty-two Airbus A320 family orders. The first Airbus A320 delivery to debis AirFinance will be in early 2003. debis AirFinance plans to lease these airplanes out to commercial airlines globally.

The FDIMU is a new system architecture of data acquisition and recording on Airbus aircraft which combines multiple traditionally separate functions into one system. Teledyne, through its concept of Line Replaceable Unit (LRU) Compression, provides this FDIMU that combines the functions of the Flight Data Interface Unit (FDIU - mandatory data acquisition), the Data Management Unit (DMU - engine/aircraft condition monitoring, also referred to as ACMS, Aircraft Condition Monitoring System) and the Data Access Recorder (DAR - maintenance/FOQA data recording) into a single LRU system.

The FDIMU is a multi-processor system which will function as either a two function (DMU: ACMS and DAR) or a three function (FDIMU: mandatory recording, ACMS and DAR) unit, depending on the configuration of the aircraft. The unit can be installed as a stand-alone FDIMU on new aircraft, or can replace the DMU + DAR (the mandatory function is inhibited) on aircraft already equipped with a Flight Data Interface Unit (FDIU).

About Teledyne Controls
Headquartered in Los Angeles, Teledyne Controls, a business unit of Teledyne Technologies Incorporated, is 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, and airport customers with extensive product-support bases and worldwide facilities. More information about Teledyne Controls can be found at www.teledyne-controls.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. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico. For more information, visit Teledyne Technologies' website at www.teledyne.com.

About debis AirFinance
debis AirFinance provides leasing, financing and asset management for commercial aircraft on a worldwide basis. The company's core business is the supply of operating leases. debis AirFinance's fleet currently comprises 220 jets and turboprops (Airbus, Boeing/MD/Fokker)leased to 80 airlines in 40 countries. Shareholder are DaimlerChrysler and major German banks.

For more information contact: Warren Hechinger Teledyne Controls 310-442-4169