News		Contact: Brian Keogh 425-453-9400

FOR IMMEDIATE RELEASE

Esterline Announces Pricing of $175 Million Private Placement of Senior Subordinated Notes

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.
         The Notes were offered within the United States only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. purchasers under Regulation S under the Securities Act.
         The Notes being sold by Esterline have not been and will not be registered under the Securities Act or any state securities laws. Therefore, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state securities laws.
         This news release does not constitute an offer to sell, or the solicitation of an offer to buy the Notes.
         Esterline is a leading specialty manufacturer of highly engineered products serving primarily aerospace and defense markets.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current intent and expectations of the management of Esterline, are not guarantees of future performance, and involve risks and uncertainties that are difficult to predict. Esterline’s actual results and the timing and outcome of events may differ materially from those expressed in or implied by the forward-looking statements due to changes in aerospace/defense industry demand or because of current uncertainties associated with telecommunications and computer markets and other risks detailed in the company's public filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended October 25, 2002.

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