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FOR IMMEDIATE RELEASE

Esterline Technologies Corporation Prices Common Stock Offering at $31.25 Per Share

Gross Proceeds from Offering Total $100 Million

BELLEVUE , Wash. , November 19, 2004 --Esterline Technologies Corporation (NYSE/ESL ht tp://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.
     UBS Investment Bank is the sole book-running manager and Wachovia Capital Markets LLC and KeyBanc Capital Markets are co-managing underwriters. A copy of the final prospectus supplement may be obtained from UBS Investment Bank, Prospectus Department, 299 Park Ave. , New York , NY 10171 .
        All of the shares are being sold by Esterline. Esterline has granted the underwriters a 30-day option to purchase an additional 480,000 shares of its common stock to cover over-allotments, if any.
      Esterline is a leading specialty manufacturer serving 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 or actions, and involve risks and uncertainties that are difficult to predict. Esterline's actual results and the timing and outcome of events, including the offering and the use of proceeds from the offering, may differ materially from those expressed in or implied by the forward-looking statements due to risks detailed in Esterline's public filings with the Securities and Exchange Commission, including the final prospectus supplement dated November 19, 2004 referenced above.

   

 

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