Exhibit 11

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

Computation of Earnings Per Common Share - Basic

 

1999

1998

1997

1996

1995

Net Earnings

$29,862

$30,084

$25,321

$21,354

$17,381

Weighted-Average Number of
  Common Shares Outstanding

  17,337

  17,290

  17,124

  15,842

  13,292

Earnings Per Common
  Share - Basic

$    1.72

$    1.74

$    1.48

$    1.35

$    1.32

 

 

Computation of Earnings Per Share - Diluted

 

1999

1998

1997

1996

1995

Net Earnings

$29,862

$30,084

$25,321

$21,354

$17,381

Weighted-Average Number of
  Common Shares Outstanding

  17,337

  17,290

  17,124

  15,842

  13,136

Net Shares Assumed to
  be Issued for Stock Options

       321

       428

       484

       492

       604

Total Common Shares - Diluted

  17,658

  17,718

  17,608

  16,334

  13,740

Earnings Per Common
  Share - Diluted

$    1.69

$    1.70

$    1.44

$    1.31

$    1.26

Earnings Per Common
  Share - Basic

$    1.72

$    1.74

$    1.48

$    1.35

$    1.32

Dilutive Effect Per Common
  Share

$      .03

$      .04

$      .04

$      .04

$      .06