EXHIBIT 99.1


                                 PRESS RELEASE


FOR IMMEDIATE DISTRIBUTION

CONTACT:       Robert L.G. White
               President and CEO
               TransTechnology Corporation
               Phone: 908/206-3700

--------------------------------------------------------------------------------

TRANSTECHNOLOGY REPORTS PRELIMINARY RESULTS OF INTERNAL REVIEW OF OVERHAUL AND
REPAIR OPERATION

Union, New Jersey -- November 19, 2003 -- TransTechnology Corporation (NYSE:TT)
today announced that its Board of Directors had received a preliminary report
from the fact-finding firm, The Bradlau Group of Morristown, NJ, which the
company had retained to perform an independent process review and evaluation of
the overhaul and repair operation of its Breeze-Eastern division. The overhaul
and repair operation accounts for approximately 20% of the company's annual
revenues.

As previously announced, the board's decision to retain and authorize an
independent review and evaluation was in response to an investigation initiated
in September by the Newark, NJ office of the United States Attorney with respect
to Breeze-Eastern's overhaul and repair operation. The Bradlau Group's review is
independent of the government's investigation and its activities are being
supervised on behalf of the company by William Recker, an independent member of
the Audit Committee of the company's Board of Directors and the retired Chairman
and CEO of Gretag Imaging.

The preliminary report from The Bradlau Group was issued in response to a
mandate from the Board of Directors to identify risks to operational integrity,
compliance with law, rule or regulation, compliance with contractual
obligations, corporate reputation and other similar risks that may be inherent
in corporate policies, procedures, processes and systems and/or the manner in
which such corporate policies, procedures, processes and systems are implemented
or adhered to by corporate management and employees, and to recommend corrective
or remediating action where possible.

The Bradlau Group's preliminary findings revealed instances over the past few
years where Breeze Eastern's overhaul and repair operation failed to adhere to
its own internal policies and procedures relative to its overhaul and repair
services. The Bradlau Group reported that such failures included a) incorrect,
inadequate, late, or missing documentation as to parts, processes, testing, or
work performed; b) inadequate physical controls over inventories of parts





used by the overhaul and repair operation; c) inadequate, incomplete or
confusing work instructions; d) failure to strictly follow approved parts
cannibalization procedures; and e) on one occasion, the unauthorized
modification of a part, although such modification was later accepted by the
non-government customer.

A copy of the preliminary report has been provided to the investigating United
States Attorney's office in Newark, N.J. The company has advised the United
States Attorney's office that it will also provide it with a copy of any
subsequent reports from The Bradlau Group, including all attachments and
exhibits, and has authorized The Bradlau Group to make itself available to the
United States Attorney's office for whatever further discussion of its report(s)
and findings may be desired by that office. The company noted that the direction
of the government's current inquiry, the underlying evidence available to
federal agents in support of the search warrant, and the statutory or regulatory
violations that may be implicated by that inquiry, are not known at this time.

Michael J. Berthelot, Chairman of TransTechnology's Board of Directors, said,
"The Board and our management team are committed to fully identifying,
documenting and correcting any weaknesses in our control environment. The Board
of Directors and the management team have been fully supportive of the efforts
of the Bradlau Group in fulfilling its responsibilities to the engagement and
assuring its independence, and the company has encouraged all of its employees
to cooperate with The Bradlau Group in performing its function. The
non-management members of the Board of Directors have been intimately involved
in supporting and facilitating their investigation, meeting weekly to receive
updates and, through the efforts of director William Recker, interacting on an
almost daily basis with the members of The Bradlau Group's review team. The
Board is also working closely with the management team to ensure that
appropriate corrective actions are undertaken to minimize the impact of whatever
breakdowns have occurred and to address and rectify the root causes of all such
instances". Mr. Berthelot went on to add that, "The company has cooperated fully
with the government's inquiry as well as that of The Bradlau Group, and will
continue to do so. We will continue to work proactively to insure and confirm
that the safety and quality of our products remains unquestioned, that our
customers are well served, and that our shareholders, employees, lenders, and
suppliers will continue to have full confidence in our company and its
products."

Robert L.G. White, President and Chief Executive Officer of TransTechnology,
said, "Our primary concern, as always, has been to ensure that the integrity and
safety of our products has not been compromised by any of the discrepancies
identified by The Bradlau Group. While we are not pleased to have our overhaul
and repair functions either be the focus of a federal inquiry, or now be
informed by The Bradlau Group that there have been failures to strictly comply
with our internal record keeping and work instructions, our confidence in the
quality and safety of our products remains unshaken for a number of reasons.
First, The Bradlau Group report made particular note that our employees "all
took pride in their work and understood that people's lives depended on the
quality of their work." Second, and consistent with that observation, is the
excellent warranty rate which we have experienced over the past several years.
While the overhaul and repair department has shipped over 3,000 units since
April 1, 2000, the company during that period has had a warranty rate of less
than 2% annually. We therefore continue to have a high degree of confidence in
the fundamental quality and integrity of our products and services.
Notwithstanding that confidence, we are committed to fully addressing and
insuring that all discrepancies identified by The Bradlau Group are immediately
addressed and do not continue or re-occur."




Mr. White continued, "As additional assurance that we can continue to have a
high degree of confidence in our products, immediately upon becoming aware of
the nature of the results of The Bradlau Group's review, we took steps to
confirm that our products continue to be deserving of our confidence that they
meet the highest levels of quality and safety. All products overhauled and/or
repaired that were ready to be shipped or in process were held and subjected to
both additional physical and paperwork inspections to ensure that no substandard
products were being shipped and that any paperwork errors or inaccuracies were
identified, reconciled and corrected. A special team of experienced
professionals drawn from Breeze-Eastern's engineering, manufacturing, materiel,
program management, quality and sales and marketing departments was assembled
and assigned to review the overhaul and repair operation and to verify that
product shipped from overhaul and repair complied with all of our record-keeping
and work instructions. This team is being expanded to include a member of the
finance department. No products can be shipped from overhaul and repair without
the additional oversight and approval of this new 'Product Integrity Team'."

Mr. White added, "Finally, as an additional assurance to confirm the continuing
integrity of our products and services, a special internal review has been
conducted as to the impact of these internal control breakdowns on our
operations. Based upon this review, we believe that the efficacy of our products
has not been compromised and that rework of equipment in the field, if
necessary, would be minimal. We expect that the cost of more stringent efforts
to reinforce full and rigorous compliance with our internal work policies and
procedures in the future will not be material. The selection and implementation
of a new enterprise resource planning system will be accelerated, and we expect
its implementation to be consistent with and to assist in improving and
reinforcing strict adherence to all internal and external paperwork and
procedural requirements in our overhaul and repair operations. Additional
training for all employees in the company's code of business conduct will be
scheduled and specific training in regulatory matters will be implemented for
those employees involved in the overhaul and repair operation. Where
appropriate, disciplinary action will be taken with regards to the matters
disclosed in The Bradlau Group's report. A top to bottom review of our internal
policies, controls, procedures, planning and work scheduling processes will also
be undertaken with a longer-term view towards further confirming the continuing
quality of our products and improving the overall efficiency of our operations.
In order to assure that our program to return to full compliance is effective
and long-lasting, we have created the position of Corporate Compliance Officer
that will oversee the development of training programs in ethics as well as
specific regulatory matters and that will have dotted line reporting to the CEO
and the Chair of the Audit Committee of the Board of Directors. We cannot,
however, at this time anticipate the impact of any fines, penalties,
administrative actions, or claims that may result from the government's on-going
inquiry."

Joseph F. Spanier, Vice President, Chief Financial Officer and Treasurer of the
company, said, "We have scheduled meetings with those parties who expressed an
interest in participating in the refinancing of our senior and subordinated debt
and with our current lenders in order to discuss these preliminary findings of
The Bradlau Group and our corrective actions. We believe that these meetings
will be the initial steps in the reinvigoration of our refinancing process."

TransTechnology Corporation (http://www.transtechnology.com) operating as
Breeze-Eastern (http://www.breeze-eastern.com) is the world's leading designer
and manufacturer of sophisticated lifting devices for military and civilian
aircraft, including rescue hoists, cargo hooks, and weapons-lifting systems. The
company, which employs approximately 180 people



at its facility in Union, New Jersey, reported sales from continuing operations
of $55.0 million in the fiscal year ended March 31, 2003.

                  INFORMATION ABOUT FORWARD-LOOKING STATEMENTS

Certain statements in this press release constitute "forward-looking statements"
within the meaning of the Securities Act of 1933, as amended, and the Securities
Exchange Act of 1934, as amended (the "Acts"). Any statements contained herein
that are not statements of historical fact are deemed to be forward-looking
statements.

The forward-looking statements in this press release are based on current
beliefs, estimates, and assumptions concerning the operations, future results,
and prospects of the Company. As actual operations and results may materially
differ from those assumed in forward-looking statements, there is no assurance
that forward-looking statements will prove to be accurate. Forward-looking
statements are subject to the safe harbors created in the Acts.

Any number of factors could affect future operations and results, including,
without limitation, the results of audits and inquiries into the Company's
business practices, the Company's ability to be profitable with a smaller and
less diverse base of operations that will generate less revenue; the Company's
ability to satisfy the listing requirements of the NYSE or any other national
exchange on which its shares are or will be listed or otherwise provide a
trading market venue for its shares; the value of replacement operations, if
any; determination by the Company to dispose of additional existing assets;
general industry and economic conditions; events impacting the U.S. and world
financial markets and economies; interest rate trends; capital requirements;
competition from other companies; changes in applicable laws, rules and
regulations affecting the Company in the locations in which it conducts its
business; the availability of equity and/or debt financing in the amounts and on
the terms necessary to support the Company's future business; and those specific
risks that are discussed in the Company's previously filed Annual Report on Form
10-K for the fiscal year ended March 31, 2003.

The Company undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information or future events, except as
required by law.