Exhibit 99.1

   Esterline to Open Sales/Engineering Facility in Toulouse, France


    BELLEVUE, Wash.--(BUSINESS WIRE)--July 1, 2003--

    Updates Outlook: Solid Defense Business Continues to Balance
        Commercial Aerospace Softness

    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.
    Robert W. Cremin, Esterline CEO, said, "...we add value by
addressing our customers' complex requirements with unique, highly
engineered aerospace solutions, ranging from flight controls to
advanced materials. Our success lies in our customers' confidence that
they will have maximum access to our engineers whenever they need it."
Cremin said that Esterline has "...a long standing reputation for
investing in its operations no matter where we are in a given cycle."
Despite the current softness in commercial aerospace, he said,
"...there's no better time to strengthen our presence in the heart of
Europe's aerospace community."
    Two weeks ago, Esterline finalized the acquisition of UK-based
Weston Aerospace. "This move," said Cremin, "when combined with our
existing France-based sensors operation, increases our high-end
aerospace sensors business by nearly 50%, and creates a true market
leader to serve the world's jet engine manufacturers."
    Esterline also recently completed a private placement of $175
million in senior subordinated notes. Cremin said that the "...bond
investors looked very favorably on our performance and our ability to
continue executing on our strategy, pricing the offering at 7.75%, a
very attractive rate for a first time issuer." He said the proceeds
would be used in part to fund the Weston acquisition and pay down some
existing debt but also to "...continue to invest in the future of the
company with such strategic moves as our new Toulouse facility."
    Cremin said the recent Paris Airshow provided a good forum to
announce "...our new facility and also a unique opportunity to take
the pulse of our industry. While commercial aircraft customers
continue to reflect the uncertainties of the market, defense customers
are optimistic if not bullish."
    With about 35% of Esterline's revenues generated from commercial
aerospace, 45% from defense, and another 20% from expanding industrial
applications, "...we're cautiously optimistic about the remainder of
the year," Cremin said. "Defense business is solid, commercial is
still uncertain, but, all things considered, our best estimate for
fiscal 2003 earnings from continuing operations is about $1.20 per
share."
    In addition, on June 28, Esterline entered into an agreement to
sell substantially all the assets of its discontinued Excellon
Automation subsidiary to a private party. Details of the agreement
were not disclosed; the sale is subject to customary closing
conditions. As previously reported, Esterline adopted a formal plan on
July 25, 2002, to sell its Automation segment, which included
Excellon. As part of this decision, the Automation segment was
recorded as a "discontinued operation" as defined by GAAP (Generally
Accepted Accounting Principles) in the company's fiscal third quarter
of 2002 ended July 26. Esterline continues to report this segment as a
"discontinued operation."

    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.


    CONTACT: Esterline Technologies
             Brian D. Keogh, 425/453-9400