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BELLEVUE, Wash., June 6, 2005--Esterline Corporation ( NYSE/ESL www.esterline.com ), a leading specialty manufacturer serving aerospace/ defense markets, announced that on June 3rd, 2005 it acquired Palomar Products, Inc., a California-based manufacturer of secure military communication products. Palomar has been a leading provider of secure voice and data communication products to U.S. military customers for more than 30 years. Applications include airborne, shipboard and land-vehicle solutions. Palomar’s annual revenues are approximately $25 million. 

BELLEVUE, Wash., May 26, 2005 — Esterline Corporation (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2005 second quarter (ended April 29) income from continuing operations of $14.7 million, or $.58 per diluted share, on $211.6 million sales. Year-ago income from continuing operations was $9.0 million, or $.42 per diluted share, on sales of $146.5 million.

Focus On Aerospace, Defense Is Paying Off

BELLEVUE, Wash., March 28th, 2005 — Esterline Corporation ( NYSE /ESL www.esterline.com) a leading specialty manufacturer serving aerospace / defense markets, today announced that its France-based subsidiary, Leach International, Europe, has been selected by Airbus to design and manufacture the primary electrical power distribution center (PEPDC) on the A400M Future Large Airlifter military transport aircraft program. To date, Airbus has received orders for 180 A400M aircraft, and foresees a global potential market of 300. 

BELLEVUE, Wash., March 28th, 2005 — Esterline Corporation ( NYSE /ESL www.esterline.com) a leading specialty manufacturer serving aerospace / defense markets, today announced that Frank Houston has been appointed as a Group Vice President. Houston most recently served as President of Esterline’s Seattle-based Korry Electronics subsidiary.

BELLEVUE, Wash., Feb. 24, 2005 — Esterline Technologies ( NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2005 first quarter (ended January 28) income from continuing operations of $9.8 million, or $.40 per diluted share, on $190.2 million sales. These results do not include $7.4 million, or $.30 per share, from the gain on the sale of the company’s Fluid Regulators subsidiary, accounted for as a discontinued operation. Including this divestiture, net earnings were $17.2 million, or $.70 per diluted share. Year-ago income from continuing operations was $1.6 million, or $.08 per share, on sales of $129.5 million. The prior year’s comparable net earnings were $1.9 million, or $.09 per diluted share.

BELLEVUE, Wash., January 18, 2005 — Esterline Corporation ( NYSE /ESL www.esterline.com) today reported that Boeing (NYSE/BA) has awarded its Seattle-based Korry Electronics subsidiary a contract to supply the overhead panel system for the flight deck of the new 7E7 Dreamliner. The contract is valid through 2021.

BELLEVUE, Wash., Dec. 9, 2004 — Esterline Corporation (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fourth quarter income from continuing operations of $15.2 million, or $.70 per diluted share, on sales of $194.8 million. The quarter’s results included a $2.2 million net of tax, or $.10 per share, gain on the sale of a non-core product line with in the company’s Sensors & Systems segment. In the same period last year, income from continuing operations was $9.4 million, or $.44 per diluted share, on $160.3 million sales. Orders received in the fourth quarter totaled $296.7 million, including $89 million of backlog from an acquisition completed in the quarter. This compared with orders of $140.0 million a year ago. Backlog at year end was $433.1 million compared with $300.9 million at the end of the prior-year period.

BELLEVUE , Wash. , November 23, 2004 --Esterline Corporation ( NYSE /ESL www.esterline.com) today reported that its Sensors Group has been awarded a contract to supply the sensor suite for the TP400M Turboprop. The new engine will power the Airbus A400M Airlifter, Europe ’s new tactical military transport. The award was made by Rolls-Royce Deutschland, a member of Europrop International, the consortium responsible for the design and manufacture of the new engine. Sales over a 12- to 15-year period are expected to total $35 million to $40 million. 

BELLEVUE , Wash. , November 19, 2004 --Esterline Technologies Corporation (NYSE/ESL http://www.esterline.com), today priced its previously announced public offering of 3,200,000 shares of its common stock at $31.25 per share, for total gross offering proceeds of $100 million. 

BELLEVUE, Wash., September 2, 2004 — Esterline Corporation ( NYSE /ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2004 third quarter (ended July 30) income from continuing operations of $7.0 million, or $.33 per diluted share, on $150.6 million sales. Comparable earnings a year ago were $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.

BELLEVUE , Wash. , August 30, 2004 --Esterline Corporation ( NYSE /ESL www.esterline.com) today announced that it has completed the acquisition of Leach Holding Corporation for approximately $145 million in cash. The transaction, announced July 9, adds nearly $120 million to Esterline’s current annualized revenue base of $600 million.

BELLEVUE , Wash. , August 30, 2004 --Esterline Corporation ( NYSE /ESL www.esterline.com) a leading specialty manufacturer serving aerospace/defense markets, today announced that it plans to offer 3.2 million shares of its common stock in a public offering.

BELLEVUE , WASHINGTON , August 3, 2004 . Esterline Technologies Corporation (NYSE:ESL) announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). The registration statement, when declared effective by the SEC, will allow Esterline to issue an aggregate of $300 million in common stock, debt, convertible debt, stock purchase contracts and stock purchase units, any of which may be offered by Esterline from time to time at prices and on terms to be determined at the time of any such offering. The net proceeds of any sale of securities by Esterline may be used to fund acquisitions, to repay or refinance debt and for general corporate purposes.

BELLEVUE , Wash. , July 9, 2004 —Esterline Corporation today announced an agreement to acquire Leach Holding Corporation for approximately $145 million in cash. The acquisition, the largest in Esterline’s corporate history, will add nearly 20%, or $120 million, to the company’s current annualized revenue base of approximately $600 million.

BELLEVUE, Wash., June 1, 2004 — Esterline Corporation ( NYSE /ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2004 second quarter (ended April 30) income from continuing operations of $9.2 million, or $.43 per diluted share, on $150.2 million sales. Comparable earnings a year ago were $6.0 million, or $.29 per diluted share, on sales of $135.3 million. 

BELLEVUE, Wash., February 26, 2004— Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2004 first quarter (ended January 30) net earnings of $1.9 million, or $.09 per diluted share, on $132.6 million sales. The results include a $1.9 million tax benefit, or $.09 per share, from a reduction of previously estimated tax liabilities for U.S. research and development tax credits, and a $2.9 million after-tax, or $.14 per share, severance expense related to the merger of a recently acquired UK-based operation with an existing France-based operation. The prior year’s comparable earnings were $5.8 million, or $.28 per diluted share, on sales of $126.3 million. 

BELLEVUE, Wash., December 9, 2003--Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/ defense markets, today announced that it has agreed to acquire the outstanding stock of Avista Inc., a $10 million Wisconsin-based developer of embedded software for mission critical applications. 

BELLEVUE, Wash., Dec. 4, 2003 — Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported strong fourth quarter performance, exceeding forecasted results for the quarter and fiscal year ended October 31. Fourth quarter income from continuing operations was $9.4 million, or $.44 per diluted share, on sales of $160.3 million. In the same period last year, income from continuing operations was $10.5 million, or $.50 per diluted share including $.14 per share from the favorable resolution of income tax audits, on sales of $124.9 million. Net income for the fourth quarter was $9.4 million, or $.44 per diluted share, compared with $7.6 million, or $.36 per share.