8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 15, 2006

Teledyne Technologies Incorporated

(Exact name of registrant as specified in its charter)

Delaware	1-15295	25-1843385
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
12333 West Olympic Boulevard Los Angeles, California (Address of principal executive offices)		90064-1021 (Zip Code)

Registrant’s telephone number, including area code: (310) 893-1600

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))

Item 2.01 Completion of Acquisition or Disposition of Assets.

On September 15, 2006, Teledyne Brown Engineering, Inc., a wholly owned subsidiary of Teledyne Technologies Incorporated (“Teledyne”), completed the purchase of Rockwell Scientific Company LLC, a Delaware limited liability company (“Rockwell Scientific”), pursuant to a Purchase Agreement with Rockwell Automation, Inc. and Rockwell Collins, Inc., dated July 26, 2006. The purchase price for the acquisition was $167.5 million. Teledyne will change Rockwell Scientific’s corporate name to Teledyne Scientific & Imaging, LLC. Rockwell Scientific’s research and development business will operate under the name “Teledyne Scientific Company” and the infrared imaging business will operate as “Teledyne Imaging Sensors”.

A press release announcing the completion of the purchase of Rockwell Scientific is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Teledyne funded the purchase price of the acquisition of Rockwell Scientific described in Item 2.01 through borrowings under its existing credit facility.

Item 9.01 Financial Statements and Exhibits

(a) Financial statements of Rockwell Scientific

Teledyne intends to file the financial statements of the business acquired under cover of Form 8-K/A no later than 71 calendar days after the date this Current Report was required to be filed.

(b) Pro forma financial information

Teledyne intends to file the pro forma financial information under cover of Form 8-K/A no later than 71 calendar days after the date this Current Report was required to be filed.

(d) Exhibits

10.1	Purchase Agreement dated as of July 26, 2006, by and among Rockwell Automation, Inc., Rockwell Collins, Inc. and Teledyne Brown Engineering, Inc. (incorporated by reference to Exhibit 10.1 of Teledyne Technologies Incorporated Current Report on Form 8-K dated July 25, 2006 and filed July 28, 2006).
10.2	Guarantee of Teledyne Technologies Incorporated relating to the Purchase Agreement (incorporated by reference to Exhibit 10.2 of Teledyne Technologies Incorporated Current Report on Form 8-K dated July 25, 2006 and filed July 28, 2006).
99.1	Press Release, dated September 18, 2006, announcing the completion of the purchase of Rockwell Scientific Company LLC.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TELEDYNE TECHNOLOGIES INCORPORATED
By:	/s/ Dale A. Schnittjer
	Dale A. Schnittjer
	Senior Vice President and Chief Financial Officer

Dated September 15, 2006

EXHIBIT INDEX

Description

10.1	Purchase Agreement dated as of July 26, 2006, by and among Rockwell Automation, Inc., Rockwell Collins, Inc. and Teledyne Brown Engineering, Inc. (incorporated by reference to Exhibit 10.1 of Teledyne Technologies Incorporated Current Report on Form 8-K dated July 25, 2006 and filed July 28, 2006).
10.2	Guarantee of Teledyne Technologies Incorporated relating to the Purchase Agreement (incorporated by reference to Exhibit 10.2 of Teledyne Technologies Incorporated Current Report on Form 8-K dated July 25, 2006 and filed July 28, 2006).
99.1	Press Release, dated September 18, 2006, announcing the completion of the purchase of Rockwell Scientific Company LLC.

EX-99.1

EXHIBIT 99.1

12333 West Olympic Blvd.

Los Angeles, CA 90064

NewsRelease

Teledyne Completes Acquisition of
Rockwell Scientific Company LLC

LOS ANGELES, California — September 18, 2006 — 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, headquartered in Thousand Oaks, Calif., is a leading provider of research and development services, as well as a leader in developing and manufacturing infrared and visible light imaging sensors for surveillance applications.

Rockwell Scientific, which was 50 percent owned by each of Rockwell Automation, Inc. (NYSE: ROK) and Rockwell Collins, Inc. (NYSE: COL), will operate under the names Teledyne Scientific Company and Teledyne Imaging Sensors. Teledyne funded the acquisition primarily from borrowings under its $400 million credit facility. For its fiscal year ended September 30, 2005, Rockwell Scientific had revenue of $114 million.

Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies’ website at www.teledyne.com.

Forward-Looking Statements Cautionary Notice

This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to acquisitions. Actual results could differ materially from these forward-looking statements. Many factors, including the company’s ability to integrate the acquisition and achieve potential synergies, could change anticipated results.

Investor	Jason VanWees
Contact:	(310) 893-1642
Press	Robyn McGowan
Contact:	(310) 893-1640