BELLEVUE, Wash., Sept. 4, 2003 — Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported third quarter (ended August 1) performance in line with earlier forecasts. Income from continuing operations was $8.4 million, or $.40 per diluted share, including a foreign currency gain of approximately $2.0 million net of tax, or $.09 per share, on sales of $140.5 million. Midway through the quarter, Esterline acquired Weston Aerospace from The Roxboro Group PLC for £55.0 million (approximately $95.3 million at the closing exchange rate, including acquisition costs). The foreign currency gain resulted when Esterline hedged the purchase price using foreign currency forward contracts. Year-ago income from continuing operations was $6.9 million, or $.33 per diluted share, on $112.4 million sales. 

BELLEVUE, Wash., July 1, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced plans to open a sales and engineering facility in Toulouse, France, to better serve its growing presence in Europe. More than 25% of Esterline’s nearly $600 million annualized sales are now generated from its manufacturing operations in France and the UK. 

BELLEVUE, Wash., June 11, 2003 – Esterline Technologies today announced that it has finalized the acquisition of UK-based Weston Group from The Roxboro Group Plc. The transaction, originally announced May 22, significantly enhances Esterline’s position in high-end aerospace sensors, making it a market leader to the world’s jet engine manufacturers, and boosting its Sensors & Systems segment sales by nearly 50%. 

BELLEVUE, Wash., June 5, 2003 – Esterline Technologies (NYSE/ESL www.esterline.com) today announced that it has priced a private placement of $175 million aggregate principal amount of its 7.75% Senior Subordinated Notes due 2013. Esterline will use the net proceeds from this private placement to fund the recently announced acquisition of Weston Aerospace and for general corporate purposes, including the repayment of debt. The private placement is scheduled to close on Wednesday, June 11, 2003 and is subject to various closing conditions, including the consummation of the acquisition of Weston Aerospace.

BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com)a leading specialty manufacturer serving aerospace/defense markets, today reported second quarter (ended May 2) income from continuing operations of $6.0 million, or $.29 per share on a diluted basis, on sales of $135.3 million. This performance compared with the prior year period’s income from continuing operations of $7.2 million, or $.34 per share, on sales of $100.7 million. Backlog at the end of the period was $314.3 million compared with $232.8 million a year ago.

BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced an agreement to acquire the outstanding stock of UK-based Weston Group from The Roxboro Group Plc. The transaction significantly enhances Esterline’s position in high-end aerospace sensors, making it the market leader to the world’s jet engine manufacturers, and boosting its Sensors & Systems segment sales by nearly 50%.

BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced that it is launching a private placement of $150 million aggregate principal amount of its senior subordinated notes. Esterline anticipates using a portion of the net proceeds from the private placement to fund the recently announced acquisition of Weston Aerospace, to repay outstanding debt under its existing credit facility and for general corporate purposes.

BELLEVUE, Wash., May 5, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced that second quarter, ended May 2, earnings per share from continuing operations would likely be about $.25.

BELLEVUE, Wash., March 31, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) today announced that it has secured a $103 million dollar contract – the largest in company history – from the U.S. Army to manufacture and deliver state-of-the-art 155mm Modular Artillery Charge System (MACS) Combustible Cases over the next five years. In addition to the base amount, the Army could exercise options bringing the total award to $270 million. As anticipated, the first year of the contract is fully-funded at $28 million; production will begin immediately at Esterline’s Armtec Defense Products subsidiary in Coachella, Calif.

BELLEVUE, Wash., February 27, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) a leading specialty manufacturer serving aerospace/defense markets,today reported fiscal 2003 first quarter (ended January 31) earnings from continuing operations of $5.8 million, or $.28 per diluted share, on sales of $126.3 million. The prior year’s first quarter earnings from continuing operations were $6.6 million, or $.32 per diluted share, on sales of $96.8 million.

BELLEVUE, Wash., January 6, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) a leading specialty manufacturer serving aerospace/ defense markets, today announced that it has acquired the assets of BVR Aero Precision, a maker of precision gear assemblies and electronic data concentrators based in Rockford, Ill. The operation currently generates annual revenues of about $7 million.