Teledyne and Honda to Study Business Opportunities for Next Generation Aircraft Piston Engines
Monday March 3, 9:00 pm ET

LOS ANGELES--(BUSINESS WIRE)--March 3, 2003--Teledyne Technologies Incorporated (NYSE:TDY - News) announced today that Teledyne Continental Motors, Inc., and Honda Motor Co., Ltd. (NYSE:HMC - News) will begin a joint feasibility study for a next-generation piston aviation engine currently in development by Honda. Over the next several months, the joint study will evaluate potential business opportunities for both parties to work together toward marketing, servicing, manufacturing and identifying potential product launch customers for these engines for the general aviation market.
The announcement follows approximately two years of cooperation between the two companies on the testing of a prototype Honda-designed aviation piston engine at the Mobile, Alabama facility of Teledyne Continental Motors (TCM). Honda's piston aviation engine technologies derive from its research and development of motorcycles and automobiles. With support in the development process based on TCM's aviation expertise and know-how, Honda has developed a prototype piston aviation engine that has achieved the technical potential for being significantly advanced over currently available engines in terms of weight, fuel efficiency, power output and emissions. Honda, TCM and Teledyne have agreed to conduct a joint feasibility study as the next step in their relationship.

General aviation powerplants include piston, turboprop, and turbofan engines. In addition to previously announced research on turbofan engines, Honda has also been researching and developing more cost-effective aircraft piston engines since 2000.