BERWYN, Pa., AMETEK, Inc. (NYSE: AME) today announced that its Board of Directors has increased the authorized level for repurchases of its common stock by $100 million. This increased authorization will be added to the approximately $5.5 million that remains available from an existing authorization approved by the Board of Directors in January 2010. Today’s action brings the total amount authorized for share repurchases to approximately $105.5 million.

Frank S. Hermance, AMETEK’s Chairman and Chief Executive Officer said, “With this increased authorization, AMETEK’s strategy of making opportunistic purchases of its common stock to offset the dilutive impact of our benefit plans is unchanged. We will continue to allocate our strong free cash flow towards strategic acquisitions and, in their absence, debt reduction. Stock repurchases will remain a modest use of that free cash flow.”

AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annual sales of approximately $3.0 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.