8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

_________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

          May 5, 2003          

Date of Report
(Date of earliest event reported)

          ESTERLINE TECHNOLOGIES CORPORATION          
(Exact name of registrant as specified in its charter)

      Delaware      
(State or other
jurisdiction
of incorporation)       001-06357      
(Commission File No.)       13-2595091      
(IRS Employer
Identification No.)

      10800 NE 8th Street, Bellevue, Washington 98004      
(Address of principal executive offices, including zip code)

                                    (425) 453-9400                                    
(Registrant's telephone number, including area code)

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Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

      (c)      Exhibits

      99.1      Press release issued by Esterline Technologies Corporation, dated May 5, 2003

Item 9.      Regulation FD Disclosure

      The information included in this section is intended to be furnished under "Item 12. Results of Operations and Financial Condition" and is furnished under this Item 9 in accordance with SEC Release No. 33-8216.

      On May 5, 2003, Esterline Technologies Corporation issued a press release announcing certain preliminary results of operations and revised guidance for the quarter ended May 2, 2003. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The press release should be read in conjunction with the note regarding forward-looking statements, which is included in the text of the press release.

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SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

      Date:  May 6, 2003

ESTERLINE TECHNOLOGIES
CORPORATION

By:  /s/ Robert D. George                      
      Name:  Robert D. George
      Title:  Vice President, Chief Financial
                Officer, Secretary and Treasurer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release issued by Esterline Technologies Corporation, dated May 5, 2003

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EX-99

EXHIBIT 99.1

10800 NE 8^th Street
Suite 600
Bellevue, WA 98006 Tel: 425-453-9400
Fax: 425-453-2916
www.esterline.com

FOR IMMEDIATE RELEASE

Contact: Brian D. Keogh
425/453-9400

ESTERLINE ADJUSTS 2Q EXPECTATIONS FOR RECENT
AIR TRAFFIC DECLINES AND ACQUISITION INTEGRATION
Also Takes Additional Action for Discontinued Operations Citing Prolonged Market Weakness

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.

      Robert W. Cremin, Esterline's CEO, said, "...we've seen a marked reduction in our commercial aircraft spares business recently as world air traffic, particularly in Europe and Asia, has declined sharply due to the conflict in Iraq and the SARS scare." He said the company is evaluating the impact of these events on full-year performance and will provide more guidance following its regularly scheduled quarterly earnings announcement on May 29.

      Cremin said that the quarter was also affected by a three-week shutdown of one of its recently acquired facilities. "We were ahead of shipments and took the opportunity to address some capacity and safety issues as part of the integration process of our new countermeasure flares business," he said. "The unit is now back on line, performing at the high level our customers have come to expect from an Esterline operation."

      The company also said it will report a $5.8 million charge, net of a $3.5 million tax benefit, in its second fiscal quarter, for losses in its discontinued operations in excess of earlier estimates. Cremin said, "...the charge is precipitated by prolonged weakness in electronics, telecommunications and heavy equipment markets, which are leading to higher operating losses and longer-than-expected holding periods for the discontinued operations."

      As previously reported, Esterline adopted a formal plan on July 25, 2002, to sell its Automation segment, which serves printed circuit board manufacturers and makers of heavy equipment. As part of the decision, the Automation segment was accounted for as a

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Page 2 or 2 - Esterline Adjusts 2Q Expectations for Recent Air Traffic Declines and Aquisition Integration

"discontinued operation" as defined by GAAP (Generally Accepted Accounting Principles) in the company's fiscal third quarter of 2002 ended July 26. In fiscal 2002, the company recorded an after-tax loss from discontinued operations of $25 million for operating losses through July 25, 2002, losses expected at that time to be incurred until disposal, and for the estimated loss on disposal.

Esterline, a leading specialty manufacturer for aerospace/defense markets, will release full second quarter results following market close on Thursday, May 29, 2003, with a conference call to follow at 2 p.m. PDT (5 p.m. EDT). Listeners may access the conference call live over the Internet at the following locations: www.esterline.com and www.ccbn.com.

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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