PEMBROKE, Bermuda, Sept 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Tyco Electronics
Ltd. (NYSE: TEL; BSX: TEL) has completed the previously announced sale of its
Radio Frequency Components and Subsystem business, which was formerly part of
the company's Wireless Systems segment. The business, which designs and
manufactures RF components and subsystems for the aerospace, defense and
commercial markets, was sold to Cobham Defense Systems Division, a subsidiary
of Cobham plc.

In a separate transaction, the company also completed the previously
announced sale of its automotive radar sensors business, which designs and
manufactures active radar proximity and attribute sensor systems used in
vehicle driver assist and safety applications for the global automotive
market. The business, which was also formerly part of the company's Wireless
Systems segment, was sold to Autoliv Inc.

Both transactions closed on September 26, 2008 and the company received
net cash proceeds of approximately US$470 million from these sales, subject to
final working capital adjustments.

These transactions illustrate further progress in achieving the company's
previously disclosed divestiture goals.

ABOUT TYCO ELECTRONICS

Tyco Electronics Ltd. is a leading global provider of engineered
electronic components, network solutions, undersea telecommunication systems
and wireless systems, with 2007 sales of US$13.0 billion to customers in more
than 150 countries. We design, manufacture and market products for customers
in industries from automotive, appliance and aerospace and defense to
telecommunications, computers and consumer electronics. With over 7,000
engineers and worldwide manufacturing, sales and customer service
capabilities, Tyco Electronics' commitment is our customers' advantage. More
information on Tyco Electronics can be found at
http://www.tycoelectronics.com/.

ABOUT COBHAM PLC

Cobham plc is an international company engaged in the development,
delivery and support of advanced aerospace and defense systems for land, sea
and air platforms. The company specializes in the provision of components,
sub-systems and services that keep people safe, improve communications and
enhance the capability of aerospace and defense platforms.

Cobham Defense Systems Division designs and manufactures critical
technology for network centric and intelligence operations, enabling
information to be moved around and managed on the digital battlefield.

The division specializes in RF and microwave front ends for radar,
communication and electronic warfare systems, providing components, integrated
assemblies and subsystems for military aircraft, ground vehicles, missiles,
naval vessels, space launch vehicles and satellites.

A comprehensive range of scientific, systems engineering and technical
assistance services are provided to the intelligence and missile defense
market, including training, testing and evaluation services for US tactical
systems, including supportability analysis and training for Unmanned Aircraft
Systems programs.

The division is also the world leader in advanced tactical military
vehicle intercom systems and soldier and ground vehicle situation awareness
products and supplies niche, high technology products for the commercial
aerospace and civilian markets, including air traffic control and weather
radars.

ABOUT AUTOLIV INC.

Headquartered in Stockholm, Autoliv Inc. develops and manufactures
automotive safety systems for all major automotive manufacturers in the world.
Together with its joint ventures, Autoliv has more than 80 facilities with
42,000 employees in 30 vehicle-producing countries. In addition, the company
has technical centers in nine countries around the world, including 20 test
tracks, more than any other automotive safety supplier. Sales in 2007 amounted
to US $6.8 billion. The company's shares are listed on the New York Stock
Exchange (NYSE: ALV) and its Swedish Depository Receipts on the Stockholm
Stock Exchange (SSE: ALIV). For more information about Autoliv, please visit
the company website at www.autoliv.com.

SOURCE Tyco Electronics Ltd.

http://www.tycoelectronics.com

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