Teledyne Technologies Agrees to Sell Teledyne Continental Motors to AVIC International

Teledyne Technologies Incorporated and AVIC International Holding Corporation (“AVIC International”) announce an agreement to sell Teledyne’s general aviation piston engine business to Technify Motor (USA) LTD., a subsidiary of AVIC International, for $186 million in cash. Under the transaction, AVIC International will acquire Teledyne Continental Motors, Inc. (“Continental Motors”) and Teledyne Mattituck Services, Inc.