Exhibit 11

ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)

Computation of Earnings (Loss) Per Share – Basic

	2004		2003			2002			2001			2000
Income From Continuing
Operations	$	33,374	$	29,741		$	31,284		$	42,639		$	29,544
Income (Loss) From
Discontinued Operations,
Net of Tax		9,181		(5,808	)		(25,039	)		(9,780	)		3,043
Earnings Before Cumulative
Effect of a Change in
Accounting Principle		42,555		23,933			6,245			32,859			32,587
Cumulative Effect of a Change
in Accounting Principle,
Net of Tax		—		—			(7,574	)		(403	)		—
Net Earnings (Loss)	$	42,555	$	23,933		$	(1,329	)	$	32,456		$	32,587
Weighted Average Number
of Shares
Outstanding – Basic		21,195		20,900			20,751			19,641			17,375
Earnings (Loss) Per Share – Basic:
Continuing operations	$	1.57	$	1.42		$	1.51		$	2.17		$	1.70
Discontinued operations		.44		(.27	)		(1.21	)		(.50	)		.18
Earnings per share before
cumulative effect of
a change in
accounting principle		2.01		1.15			.30			1.67			1.88
Cumulative effect of
a change in
accounting principle		—		—			(.37	)		(.02	)		—
Earnings (Loss) Per
Share – Basic	$	2.01	$	1.15		$	(.07	)	$	1.65		$	1.88

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ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)

Computation of Earnings (Loss) Per Share – Diluted

	2004		2003			2002			2001			2000
Income From Continuing
Operations	$	33,374	$	29,741		$	31,284		$	42,639		$	29,544
Income (Loss) From
Discontinued Operations,
Net of Tax		9,181		(5,808	)		(25,039	)		(9,780	)		3,043
Earnings Before Cumulative
Effect of a Change in
Accounting Principle		42,555		23,933			6,245			32,859			32,587
Cumulative Effect of a Change
in Accounting Principle,
Net of Tax		—		—			(7,574	)		(403	)		—
Net Earnings (Loss)	$	42,555	$	23,933		$	(1,329	)	$	32,456		$	32,587
Weighted Average Number
of Shares Outstanding		21,195		20,900			20,751			19,641			17,375
Net Shares Assumed to be
Issued for Stock Options		344		205			270			373			279
Weighted Average Number
of Shares and Equivalent
Shares Outstanding –
Diluted		21,539		21,105			21,021			20,014			17,654
Earnings (Loss) Per
Share – Diluted:
Continuing operations	$	1.55	$	1.41		$	1.49		$	2.13		$	1.68
Discontinued operations		.43		(.28	)		(1.19	)		(.49	)		.17
Earnings per share
before cumulative
effect of a change in
accounting principle		1.98		1.13			.30			1.64			1.85
Cumulative effect of
a change in accounting
principle		—		—			(.36	)		(.02	)		—

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	2004		2003		2002			2001		2000
Earnings (Loss) Per
Share – Diluted	$	1.98	$	1.13	$	(.06	)	$	1.62	$	1.85
Earnings (Loss) Per
Share – Basic	$	2.01	$	1.15	$	(.07	)	$	1.65	$	1.88
Dilutive Effect Per Share	$	.03	$	.02	$	(.01	)	$	.03	$	.03

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