Teledyne Technologies Incorporated - TDY STOCK NEWS

Teledyne FLIR Defense, part of Teledyne Technologies (NYSE:TDY), has secured a $14 million contract to supply its Black Hornet® 3 Personal Reconnaissance Systems to the U.S. Army, enhancing surveillance capabilities under the Soldier Borne Sensor program. This order marks a total of nearly $115 million since the Army began procuring these nano unmanned aerial vehicles in late 2018. The lightweight, nearly silent drones provide live video transmission and HD images, improving situational awareness for soldiers in the field.

Teledyne FLIR Defense has unveiled the StormCaster-DX, a pioneering small Unmanned Aerial System (sUAS) payload enhancing NATO standard laser target designation capabilities. This rucksack-portable drone allows small military units to perform aerial target designation previously possible only with larger drones or ground systems. The StormCaster-DX supports multiple applications including air strikes and precision-guided munitions, providing significant operational advantages for troops. It features advanced stabilization and AI-based targeting for improved battlefield management.

Teledyne FLIR Defense has secured a five-year contract with the U.S. Army worth up to $500.2 million for advanced thermal imaging systems under the Family of Weapon Sights-Individual (FWS-I) program. This lightweight, battery-operated system enhances soldiers' capabilities to operate effectively in various conditions, including smoke and fog. Production will take place in Billerica, Massachusetts and Goleta, California, with Maztech Industries as a subcontractor. Teledyne FLIR emphasizes its ongoing leadership in thermal imaging technology.

Teledyne Technologies (NYSE:TDY) reported record first quarter sales of $1,321.0 million, a 64.0% increase from last year. GAAP diluted earnings per share reached $4.46, with a non-GAAP figure of $4.27. The company raised its 2022 GAAP earnings outlook to $15.34 to $15.66 per share. Significant growth was driven by the FLIR acquisition, contributing $452.6 million in incremental sales. However, cash flow was impacted by a $296.4 million tax payment related to FLIR. The net debt increased to $3,847.5 million as of April 3, 2022.

Teledyne Technologies (NYSE:TDY) will hold a conference call on April 27, 2022, at 8:00 a.m. Pacific to discuss its first quarter 2022 financial results. A press release with detailed results will be issued prior to the New York Stock Exchange opening on the same day.

Teledyne is a leading provider of advanced digital imaging products, software, instrumentation, aerospace and defense electronics, and engineered systems, with operations mainly in the U.S., Canada, the U.K., and parts of Europe.

Teledyne FLIR Defense has partnered with MFE Inspection Solutions to incorporate the FLIR MUVE™ C360 multi-gas detector on Boston Dynamics’ Spot® robot and various unmanned aerial systems (UAS). This collaboration allows for real-time monitoring of chemical hazards in industrial and public safety contexts. The MUVE C360 enhances safety by permitting remote assessments of airborne gas threats, making it suitable for dangerous environments. The product will be showcased at the 4C Conference in Austin, Texas, from April 6-8.

Teledyne DALSA has launched the Linea ML 8k multispectral camera, enhancing defect detectability across various materials in a single scan. This Camera Link HS line scan camera supports simultaneous RGB and NIR outputs, improving inspection for high-security items like banknotes and passports. Featuring a state-of-the-art CMOS 8k quad linear sensor, it achieves a maximum line rate of 70 kHz x 4. The camera integrates seamlessly with Xtium™2 frame grabbers, offering a robust solution for challenging inspection applications.

Teledyne FLIR Defense has introduced the Lightweight Vehicle Surveillance System (LVSS), enhancing air domain awareness and counter-drone capabilities. This advanced system combines 3D radar, EO/IR camera, and RF detection to effectively monitor up to 500 radar targets, including drone swarms. It features rapid deployment for perimeter protection, advanced video analytics, and integrated cybersecurity tools. According to Dr. JihFen Lei, this system is designed for protecting vast areas against evolving drone threats, adapting to the needs of customers in defense operations.

Teledyne Princeton Instruments has launched the LANSIS CCD camera, enhancing its spectroscopy offerings for OEM and system integrator markets. The LANSIS camera delivers superior reliability, performance, and sensitivity, making it ideal for applications such as Raman spectroscopy, fluorescence, and life science research. Notable features include a permanent vacuum seal, back-illuminated CCD technology, and high average quantum efficiency from UV to NIR. The product is versatile with various sensor sizes and easy integration capabilities, supported by dedicated OEM account managers.