Exhibit 11

ESTERLINE TECHNOLOGIES
CORPORATION(In thousands, except
per share amounts)

Computation of Earnings
(Loss) Per Share  Basic

|                                   | 2004 |  | 2003 |        | 2002 |   | 2001   |   | 2000 |        
|---------------------------------- | ---- |  | ---- | ------ | ---- | - | ------ | - | ---- | -------
|Income From Continuing             |      |  |      |        |      |   |        |   |      |        
|Operations                         |      |  | $    | 33,374 |      | $ | 29,741 |   | $    | 31,284 
|Income (Loss) From                 |      | 
|Discontinued Operations,           |      | 
|Net of Tax                         |      |  |      | 9,181  |      |   | (5,808 | ) |      | (25,039
|                                   |      |  |      |        |      |   |        |   |      |        
|Earnings Before Cumulative         |      | 
|Effect of a Change in              |      | 
|Accounting Principle               |      |  |      | 42,555 |      |   | 23,933 |   |      | 6,245  
|                                   |      |  |      |        |      |   |        |   |      |        
|Cumulative Effect of a Change      |      | 
|in Accounting Principle,           |      | 
|Net of Tax                         |      |  |      |       |      |   |       |   |      | (7,574 
|                                   |      |  |      |        |      |   |        |   |      |        
|Net Earnings (Loss)                |      |  | $    | 42,555 |      | $ | 23,933 |   | $    | (1,329 
|                                   |      |  |      |        |      |   |        |   |      |        
|                                   |      |  |      |        |      |   |        |   |      |        
|Weighted Average Number            |      | 
|of Shares                          |      | 
|Outstanding  Basic                |      |  |      | 21,195 |      |   | 20,900 |   |      | 20,751 
|                                   |      |  |      |        |      |   |        |   |      |        
|                                   |      |  |      |        |      |   |        |   |      |        
|Earnings (Loss) Per Share  Basic: |      | 
|Continuing operations              |      |  | $    | 1.57   |      | $ | 1.42   |   | $    | 1.51   
|Discontinued operations            |      |  |      | .44    |      |   | (.27   | ) |      | (1.21  
|                                   |      |  |      |        |      |   |        |   |      |        
|Earnings per share before          |      | 
|cumulative effect of               |      | 
|a change in                        |      | 
|accounting principle               |      |  |      | 2.01   |      |   | 1.15   |   |      | .30    
|Cumulative effect of               |      | 
|a change in                        |      | 
|accounting principle               |      |  |      |       |      |   |       |   |      | (.37   
|                                   |      |  |      |        |      |   |        |   |      |        
|Earnings (Loss) Per                |      | 
|Share  Basic                      |      |  | $    | 2.01   |      | $ | 1.15   |   | $    | (.07   
|                                   |      |  |      |        |      |   |        |   |      |        

-1-

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ESTERLINE TECHNOLOGIES
CORPORATION(In thousands, except
per share amounts)

Computation of Earnings
(Loss) Per Share  Diluted

|                              | 2004 |  | 2003 |        | 2002 |   | 2001   |   | 2000 |        
|----------------------------- | ---- |  | ---- | ------ | ---- | - | ------ | - | ---- | -------
|Income From Continuing        |      |  |      |        |      |   |        |   |      |        
|Operations                    |      |  | $    | 33,374 |      | $ | 29,741 |   | $    | 31,284 
|Income (Loss) From            |      | 
|Discontinued Operations,      |      | 
|Net of Tax                    |      |  |      | 9,181  |      |   | (5,808 | ) |      | (25,039
|                              |      |  |      |        |      |   |        |   |      |        
|Earnings Before Cumulative    |      | 
|Effect of a Change in         |      | 
|Accounting Principle          |      |  |      | 42,555 |      |   | 23,933 |   |      | 6,245  
|                              |      |  |      |        |      |   |        |   |      |        
|Cumulative Effect of a Change |      | 
|in Accounting Principle,      |      | 
|Net of Tax                    |      |  |      |       |      |   |       |   |      | (7,574 
|                              |      |  |      |        |      |   |        |   |      |        
|Net Earnings (Loss)           |      |  | $    | 42,555 |      | $ | 23,933 |   | $    | (1,329 
|                              |      |  |      |        |      |   |        |   |      |        
|                              |      |  |      |        |      |   |        |   |      |        
|Weighted Average Number       |      | 
|of Shares Outstanding         |      |  |      | 21,195 |      |   | 20,900 |   |      | 20,751 
|                              |      |  |      |        |      |   |        |   |      |        
|Net Shares Assumed to be      |      | 
|Issued for Stock Options      |      |  |      | 344    |      |   | 205    |   |      | 270    
|                              |      |  |      |        |      |   |        |   |      |        
|Weighted Average Number       |      | 
|of Shares and Equivalent      |      | 
|Shares Outstanding           |      | 
|Diluted                       |      |  |      | 21,539 |      |   | 21,105 |   |      | 21,021 
|                              |      |  |      |        |      |   |        |   |      |        
|                              |      |  |      |        |      |   |        |   |      |        
|Earnings (Loss) Per           |      | 
|Share  Diluted:              |      | 
|Continuing operations         |      |  | $    | 1.55   |      | $ | 1.41   |   | $    | 1.49   
|Discontinued operations       |      |  |      | .43    |      |   | (.28   | ) |      | (1.19  
|                              |      |  |      |        |      |   |        |   |      |        
|Earnings per share            |      | 
|before cumulative             |      | 
|effect of a change in         |      | 
|accounting principle          |      |  |      | 1.98   |      |   | 1.13   |   |      | .30    
|Cumulative effect of          |      | 
|a change in accounting        |      | 
|principle                     |      |  |      |       |      |   |       |   |      | (.36   
|                              |      |  |      |        |      |   |        |   |      |        

-2-

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|                          | 2004 |  | 2003 |      | 2002 |   | 2001 |  | 2000 |     
|------------------------- | ---- |  | ---- | ---- | ---- | - | ---- |  | ---- | ----
|                          |      |  |      |      |      |   |      |  |      |     
|Earnings (Loss) Per       |      |  |      |      |      |   |      |  |      |     
|Share  Diluted           |      |  | $    | 1.98 |      | $ | 1.13 |  | $    | (.06
|                          |      |  |      |      |      |   |      |  |      |     
|Earnings (Loss) Per       |      | 
|Share  Basic             |      |  | $    | 2.01 |      | $ | 1.15 |  | $    | (.07
|                          |      |  |      |      |      |   |      |  |      |     
|Dilutive Effect Per Share |      |  | $    | .03  |      | $ | .02  |  | $    | (.01
|                          |      |  |      |      |      |   |      |  |      |     

-3-

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