Teledyne Technologies Incorporated - TDY STOCK NEWS

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.

Teledyne Controls, a subsidiary of Teledyne Technologies (NYSE:TDY), has received FAA Supplemental Type Certification for its Aircraft Cabin Environment Sensor (ACES™) on the Airbus A320 series. This autonomous solution allows operators to monitor air quality in aircraft cabins, enhancing safety and comfort for passengers and crew. The certified ACES was already approved for the Boeing 737, with further certifications underway for other aircraft models. ACES provides real-time air quality monitoring and data analysis via a secure cloud service, enabling operators to address potential issues promptly.

Teledyne Technologies announced its subsidiary, Teledyne Brown Engineering, received a $27.4 million contract from the U.S. Navy for the Littoral Battlespace Sensing-Glider (LBS-G) program. The contract includes a five-year ordering period and options potentially raising the value to $39.2 million. Teledyne Slocum gliders will be utilized for persistent ocean sampling, supporting various Navy operations. This award continues the partnership with the Naval Information Warfare Systems Command, highlighting Teledyne's commitment to enhancing naval capabilities.

Teledyne e2v HiRel Electronics has announced the introduction of High Reliability qualified 100V Gallium Nitride on Silicon Carbide (GaN/SiC) power transistors developed by Integra Technologies. The new IGN1011S3600 model can deliver 3.6 kW at frequencies of 1,030 and 1,090 MHz, with greater than 19 dB of gain and efficiency up to 75%. This advancement aims to meet the increasing demand for higher power density RF devices, particularly for military and space applications. Further screening and qualifications will ensure operational longevity in harsh environments.

Teledyne Relays has launched four new reed relay product families designed for high reliability, boasting an operational lifespan of up to 1 billion cycles. These new offerings expand Teledyne's extensive range of rugged switching solutions developed over the past 60 years. Key features include low power consumption, compact design, and options tailored for high voltage applications (up to 7.5 kV). Applications range from radar and telecommunications to automated test equipment. The products are available for immediate order from Teledyne Relays or authorized distributors.