Welcome to our dedicated page for Teledyne Technologies Incorporated news (Ticker: TDY), a resource for investors and traders seeking the latest updates and insights on Teledyne Technologies Incorporated stock.
Teledyne Technologies Incorporated (symbol: TDY) is a leading provider of sophisticated electronic components, instruments, and communications products. The company excels in various domains including defense electronics, data acquisition, communications equipment for airlines and business aircraft, monitoring and control instruments for industrial and environmental applications, as well as components and subsystems for wireless and satellite communications.
The Teledyne Solution: Teledyne has solutions to meet diverse challenges. Their segments bring decades of expertise, working together to develop leading-edge technologies. They serve niche markets where performance, precision, and reliability are vital, with customers including major industrial and communications companies, government agencies, aerospace prime contractors, and general aviation companies.
Business Segments:
- Instrumentation: Provides monitoring instruments primarily for marine and environmental applications.
- Digital Imaging: The largest revenue contributor, includes image sensors and cameras for industrial, government, and medical customers.
- Aerospace and Defense Electronics: Supplies electronic components and communication products for aircraft.
- Engineered Systems: Offers solutions for defense, space, environmental, and energy applications.
Teledyne Technologies generates approximately a fourth of its revenue from contracts with the United States government. Recent achievements include expanding their product offerings and securing significant contracts in various sectors. The company's strategic partnerships and continuous innovation have solidified its position as a prominent player in the technology and defense industries.
Teledyne FLIR OEM and VSI Labs conducted tests on pedestrian automatic emergency braking (PAEB) systems using the new Federal Motor Vehicle Safety Standard (FMVSS) No. 127 scenarios. Their thermal-fused PAEB system, featuring Teledyne FLIR's longwave infrared camera, successfully passed all tests, while three new 2024 vehicles failed multiple nighttime scenarios.
The FMVSS No. 127 will require PAEB systems in all passenger vehicles under 10,000 pounds by September 2029. This regulation is particularly important as 77.7% of pedestrian fatalities occurred at night in 2022. The thermal-fused system demonstrated superior nighttime detection capabilities independent of headlight performance, suggesting thermal cameras could be a cost-effective solution for manufacturers to meet the new safety standards.
Teledyne Technologies (NYSE: TDY) has announced its participation in upcoming investor conferences. Jason VanWees, Vice Chairman, will represent the company at the Goldman Sachs Industrials and Materials Conference in New York City on December 4, 2024, and at the UBS Global Industrials and Transportation Conference in Palm Beach, Florida, on December 5, 2024.
Teledyne is a leading provider of digital imaging products, software, instrumentation, aerospace and defense electronics, and engineered systems, operating primarily in the U.S., Canada, the U.K., and Europe. The latest investor presentation is available at www.teledyne.com/investors/events-and-presentations.
FLIR, a Teledyne Technologies company (NYSE:TDY), has launched the FLIR Scout Pro, a next-generation thermal monocular designed for law enforcement and public safety professionals. The device features a 32-degree field of view with human detection capability up to 500 meters, and a 640 × 480 thermal resolution. Key features include 2-8x zoom capabilities, IP67 water resistance rating, and over six hours of battery life. The Scout Pro includes a redesigned interface, wireless remote observation through a mobile app, and can withstand a 2-meter drop. The product comes with a two-year warranty, extendable by three years upon registration, and is available for pre-order.
Teledyne DALSA has introduced Z-Trak™ 3D Apps Studio, a software suite for in-line 3D machine vision applications. The software works with Teledyne's Z-Trak laser profilers and is designed for dimensional measurement and inspection tasks in production lines. Key features include tools for measuring object thickness, inspecting glue-beads, weld seams, and identifying defects on various surfaces. The software supports multiple industries including EV batteries, automotive, electronics, semiconductors, and packaging. It offers simultaneous acquisition and analysis of 3D scans and 2D grayscale images, with integration through Sherlock 8.30 development environment.
Teledyne FLIR Defense (NYSE:TDY) has secured a contract to deliver its UltraFORCE® 380X-HDc multi-spectral imaging systems to NL EASP AIR, marking the first sale of this newly launched surveillance gimbal for non-US customers. The systems will be installed on three Dornier DO328-110 maritime patrol aircraft for Search and Rescue (SAR), maritime patrol, and ISR missions. The UltraFORCE 380X-HDc features full 1080p resolution across visual, thermal, low-light, and shortwave infrared cameras, with a compact 14.6-inch height profile and 31.3 kg weight. Deliveries are expected to complete by early 2025.
Teledyne Controls announces certification of its new enhanced Airborne Data Loader (eADL XS™) for Boeing 737NG aircraft series. The device is the first onboard data loader meeting ARINC 645-1 requirements for OEM secure dataloading. The system features built-in cellular and Wi-Fi connectivity, digital signature validation, and secure boot functionality. Key benefits include advanced security compliance, wireless connectivity for autonomous software distribution, plug-and-play integration, enhanced fleet management capabilities, and expanded internal storage for software parts retention.
Teledyne FLIR Defense, part of Teledyne Technologies (NYSE:TDY), has secured a $168.3 million five-year IDIQ contract from the U.S. Army to upgrade the M1135 Stryker's Nuclear, Biological and Chemical Reconnaissance Vehicle Sensor Suite. The company received an initial delivery order worth $7.5 million. As lead integrator, Teledyne FLIR will modernize the Army's NBCRV system with improved autonomous CBRN sensors, including the FLIR Defense R80D SkyRaider™ drone with MUVE™ B330 biological detection payload. The program is expected to continue through 2029, with work conducted at facilities in Stillwater, Elkridge, and Tucson.
Teledyne Technologies (NYSE:TDY) has announced its participation in the Baird 2024 Global Industrial Conference on Tuesday, November 12. The company will be represented by George Bobb, President and Chief Operating Officer, and Jason VanWees, Vice Chairman. Their latest investor presentation will be accessible to the public on Teledyne's website.
Teledyne is a provider of sophisticated digital imaging products, software, instrumentation, aerospace and defense electronics, and engineered systems, with operations primarily in the United States, Canada, the United Kingdom, and Western and Northern Europe.
Teledyne Technologies (NYSE:TDY) has announced an agreement to acquire select aerospace and defense electronics businesses from Excelitas Technologies for $710 million in cash. The acquisition includes the Optical Systems business (Qioptiq® brand) in Northern Wales, which provides advanced optics for military displays and night vision systems, and the U.S.-based Advanced Electronic Systems business, which produces electronic devices for defense and space applications. The transaction is expected to complete in early 2025 and be accretive to both GAAP and non-GAAP earnings per share.
Teledyne Technologies (NYSE:TDY) announced an agreement to acquire Micropac Industries (OTC:MPAD) for $20.00 per share in an all-cash transaction valued at approximately $57.3 million. Founded in 1963, Micropac designs and manufactures microelectronic circuits, optoelectronic components, and sensor and display assemblies for military, aerospace, and medical applications. The transaction, unanimously approved by both companies' boards, is expected to close by the end of 2024. Stockholders holding approximately 75% of Micropac's shares have already approved the merger agreement.
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