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, part of Teledyne Technologies (NYSE:TDY), has launched the ION™ M640x tactical Unmanned Aerial System (UAS) designed for military and government applications. This UAS is an enhancement over the ION M440, featuring a 640x512 infrared sensor for double the resolution of comparable systems, and includes a Near-Infrared laser illuminator and smart object tracking capabilities. Weighing around 4 pounds, the portable M640x is suitable for challenging environments. With its advanced technologies, it aims to deliver top-tier solutions in defense and public safety sectors.
Teledyne, a leader in machine vision technology, will showcase its innovations at Vision 2021 from October 5-7 in Stuttgart, Germany. Attendees can explore a comprehensive portfolio of imaging technologies from Teledyne's brands, including DALSA, e2v, FLIR, and Lumenera. Keynote presentations will feature insights on high-speed clarity and 3D imaging. New products such as the Linea HS 16K Multifield camera, Sapera Vision Software with AI capabilities, and advanced CMOS sensors will be introduced, highlighting Teledyne's commitment to cutting-edge solutions in industrial and scientific imaging.
Teledyne Relays unveiled an expanded range of coax switches with capabilities exceeding 50 GHz, now offering models like CCR-38U and CCS-37U. These switches, designed for demanding applications such as 5G testing and military radar, feature a wide operational temperature range (-55 to +85 °C) and can withstand high shock levels (500 Gs). With low weight and high durability (up to 5 million cycles), these switches enhance reliability for telecommunications and defense sectors. The new offerings are available for immediate order.
Teledyne has launched a new Teledyne Geospatial group, merging its Optech and CARIS businesses. This new entity aims to provide comprehensive solutions for land and sea mapping, integrating advanced lidar sensors and renowned software workflows. The group's first product, CZMIL SuperNova, combines Optech’s bathymetric lidar with CARIS’ processing software, enhancing efficiency and quality control through AI algorithms. Teledyne Geospatial aims to deliver holistic solutions, offering turnkey systems and precise data collection to meet evolving customer demands.
Teledyne e2v has launched its new Topaz series of industrial CMOS sensors, featuring 2MP and 1.5MP resolutions. These sensors use advanced low noise, global-shutter technology, ensuring high performance and compact designs suitable for various mobile applications, including barcode engines and wearable devices. Their tiny 4.45 mm Chip Scale Package offers enhanced productivity with low-light capabilities and fast frame rates exceeding 100 fps. Samples and evaluation kits are now available, further supporting Teledyne's commitment to innovative imaging solutions.
Teledyne Technologies Incorporated (NYSE:TDY) announced Robert Mehrabian will resume the roles of Chairman, President, and CEO following Al Pichelli’s retirement on October 15, 2021. Mehrabian's contract extends to December 2023. Other promotions include Edwin Roks as Executive VP, overseeing Digital Imaging with pro forma annual revenue around $3 billion, Jason VanWees as Vice Chairman focusing on strategy, and George C. Bobb III as Senior VP managing Aerospace and Defense Electronics. The leadership changes are part of succession planning to enhance operational leadership.
Teledyne has announced the release of its Sapera Vision Software Edition 2021-07, enhancing capabilities for machine vision applications. Key upgrades include the Astrocyte AI training tool, which now supports continual learning, allowing real-time adjustments to classifiers. A new anomaly detection algorithm provides improved defect localization with output heatmaps. The software is well-suited for applications like surface inspection and medical imaging. For more details, visit their website.
Teledyne has launched the MicroCalibir™, a compact and low-power thermal camera platform, featuring the market's smallest VGA IR core module. Designed for OEM applications, its advanced 12 μm microbolometer technology allows for a 1000°C intra-scene temperature range and sub-50mK NETD performance.
With a size of 21 x 21 mm, the MicroCalibir supports multiple configurations for UAVs, security, and firefighting applications. It is available in QVGA and VGA resolutions, with various lens options and interfaces, ensuring high dynamic range and adaptability for future innovations.
Teledyne Technologies (NYSE:TDY) announced that Executive Vice President Jason VanWees will participate in two upcoming investor conferences: the Jefferies Virtual Industrials Conference on August 4, 2021, and the 10th Annual Needham Virtual Industrial Technologies Conference on August 6, 2021. A live webcast of the Jefferies conference will be available on Teledyne's website starting at 2:00 p.m. Eastern Time. The company specializes in advanced digital imaging, aerospace and defense electronics, and engineered systems, operating mainly in North America and Europe.
Teledyne Technologies (NYSE:TDY) reported record second-quarter sales of $1,121 million, a 50.8% increase from the previous year. GAAP diluted earnings per share were $1.48, while non-GAAP diluted earnings per share were $4.61 after excluding acquisition-related expenses of $150.7 million. Operating margin improved to 22.8% on a non-GAAP basis. The FLIR acquisition, completed on May 14, 2021, contributed $301.4 million in incremental sales. The expected full-year non-GAAP earnings outlook is between $15.25 and $15.50 per share.
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