EXHIBIT 10.20k

# FY05 Annual Incentive
Compensation Plan

# Esterline Technologies
Corporation

|1. | Purpose.  The Board of Directors has established this Plan to
          encourage Esterline officers and senior managers to make prudent decisions that
          will strengthen current year financial results for shareholders. The Plan is
          designed to reward participants for successful achievement of an earnings
          objective, and to provide incentives for them to achieve outstanding results.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. | Membership.  The Board will appoint selected officers and
          senior managers from among Esterlines corporate staff to Plan membership.
          Individuals become members upon return of a signed acceptance.
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|3. | Objective.  The Plans earnings objective will be
          determined by the Boards Compensation Committee, and approved by the Board
          at the beginning of the fiscal year.
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|4. | Incentive Formula.
|-- | ------------------

| | a. | Target
Incentive Compensation.  The Board will establish a           target
incentive compensation award level for each member (target           IC),
which will range from 5% to 60% of the members base salary as           of fiscal
year-end. Esterline will pay the target IC amount if the corporation           achieves
its earnings objective, subject to other terms of this Plan.
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| | b. | Threshold.
 Members will earn no IC if the corporations           earnings fall below
a minimum established by the Board (Plan           threshold). At the Plan
threshold, members will earn 25% of their target           IC.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c. | Maximum.  Members
may earn up to 200% of their target IC for           exceptional achievement if corporate
earnings exceed the Plans objective           and reach this Plan maximum.
Plan members will earn no additional IC           for achievement above the Plan maximum.
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| | d. | Proportionate
Awards.  Between the Plan threshold and Plan           maximum, member
earnings will increase or decrease from target levels in direct           proportion to
incremental achievement.
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|5. | General Terms.
|-- | --------------

| | a. | Plan
Administration.  The Board has delegated administrative           authority
to its Compensation Committee, which shall consider any issues arising           under
the Plan, oversee Plan award calculations, and make recommendations to the
          Board for final approval.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b. | Adjustments.  The
Compensation Committee may exercise its           discretion to recommend the Board
either subtract from or add to computed           awards, provided, however, that the
Compensation committee may not adjust awards           for any member
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FY05
Annual Incentive Compensation PlanEsterline Technologies CorporationPage 2

| |  | who is
a covered employee for purposes of Section 162(m) of the Internal Revenue Code of 1986 in
such a manner as would increase the amount of compensation otherwise payable to that
employee. The maximum range of such adjustments is limited to either 25% of the members
computed award or 25% or the members target IC, whichever is greater.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c. | Calculations.  Esterline
will calculate earnings per share on a           fully-diluted basis, as audited, and
before extraordinary items.
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| | d. | Payment.  Esterline
will pay Plan awards within 60 days           following fiscal year-end, provided:    Company auditors have issued an           opinion that supports earnings
calculations;    The Board has approved           the proposed awards; and,    Members
remain employed through the entire fiscal year and through the payment date,
except as provided in sections 5f and 5g below.
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| | e. | Employment.  This
Plan does not affect members terms of           employment, except as specifically
provided here. This Plan does not guarantee           continued employment. Members
remain subject to usual Esterline policies and           practices.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | f. | Partial
Year Membership.  If an employee is appointed to the           Plan
mid-year, Esterline will pay a pro-rata amount based on the members
          period of employment, and on the terms under which they were appointed to the
          Plan.
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| | g. | Termination.  If
a member leaves Esterline employment prior to           the Plan payment date for any
reason, whether voluntary or involuntary, s/he           shall forfeit any IC award
otherwise earned, except:
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| | i. | The
Board may exercise its discretion to grant a pro-rata award to a terminated
          employee based on his/her period of employment; or,
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| | ii. | If
a member leaves due to retirement, disability or death, Esterline will pay a
          pro-rata amount based on the members period of active employment.
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| | h. | Entire
Agreement.  This Plan, together with the members
          appointment letter and signed acknowledgement, comprise the entire agreement
          between the member and Esterline with respect to these subjects.
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| | i. | Modification.  The
Board may modify or terminate this Plan at           any time, provided it pays members
on a pro-rata basis for any IC earned prior           to such change.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Approved by the Board and issued on
its behalf:

/s/ Robert W. Cremin
Robert W. CreminChairman, President & CEO

December 15, 2004Date



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