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 Technologies Incorporated (NYSE:TDY) has announced its third quarter 2024 earnings webcast details. The company will hold a conference call to discuss the results on Wednesday, October 23, 2024, at 8:00 a.m. Pacific. A press release containing the financial results will be issued before the New York Stock Exchange opens on the same day.
Investors can access the call at www.teledyne.com/investors/events-and-presentations approximately ten minutes before the scheduled start time. A replay of the call will be available on the website for about one month, starting at 9:00 a.m. Pacific on October 23, 2024.
Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. The company's operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.
Teledyne DALSA, a Teledyne Technologies [NYSE:TDY] company, has unveiled its next-generation AI-powered BOA™3 smart camera for industrial automation and inspection. The BOA3 combines features from previous BOA generations with new sensor and AI inspection technologies developed by Teledyne. It offers:
- Sensor resolutions from 1.2 to 12MP
- Integrated or C-mount lens options
- Onboard I/O
- Easy-to-use machine vision software
The camera comes with iNspect™ software, featuring tools for positioning, part locating, pattern matching, measuring, barcode reading, and defect detection. It also includes AI Classification and Object Detection models created in Astrocyte™, Teledyne DALSA's AI Trainer software. BOA3 models with 1.2, 5MP, and 12MP monochrome sensors are available immediately, with color versions planned for release at the end of 2024.
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), has secured two five-year requirements contracts worth up to $47 million to provide and support ground robots to the U.S. government. The contracts, awarded by the U.S. Army Contracting Command in Detroit, cover:
1. A contract up to $32 million for sustainment of Man-Transportable Robotic System (MTRS) and Common Robotic Systems-Heavy (CRS-H) fielded robots, available to all Department of Defense units.
2. A contract up to $15 million for sustainment of FirstLook 110, SUGV 310, PackBot, and Kobra 725 ground robots, available to all U.S. government agencies.
The contracts span nearly Teledyne FLIR Defense's full portfolio of unmanned ground systems, from the 6-pound FirstLook to the 525-pound Kobra/CRS-H robot. Funding will be provided with each delivery order received over the five-year performance period.
Teledyne DALSA, a Teledyne Technologies [NYSE:TDY] company, has introduced the Linea™ HS2 TDI line scan camera family. This innovative series represents a significant breakthrough in next-generation TDI technology, designed for ultra-high-speed imaging in light-starved conditions. Key features include:
- 16k/5 µm resolution
- Maximum line rate of 1 Megahertz
- 16 Gigapixels per second data throughput
- Highly sensitive Backside Illuminated (BSI) multi-array charge-domain TDI CMOS sensor
- Configurable for superior image quality with maximized line rate, dynamic range, or full well
- Dual Camera Link HS CX4 connectors for EMI immunity
- 2.5 times increase in speed compared to existing Linea HS cameras
The Linea HS2 is ideal for inspecting semiconductor wafers, high-density interconnects, flat panel displays, and life science applications.
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), has secured an agreement worth up to $20.8 million to deliver Star SAFIRE® 380-HLD multi-spectral imaging systems to the Japan Maritime Self-Defense Force (JMSDF). The systems will be integrated into SH-60L helicopters for anti-submarine, anti-surface warfare, and search and rescue missions.
The deal includes the delivery of ten Star SAFIRE 380-HLD systems over three years, with two systems already delivered for testing. The Star SAFIRE 380-HLD is an ultra-long-range airborne surveillance system offering high-definition visual and thermal imagery, superior image stabilization, and accurate target location capabilities.
Teledyne Brown Engineering, a subsidiary of Teledyne Technologies Incorporated (NYSE:TDY), has been awarded a $114 million Task Order under the Design, Development, Demonstration, and Integration (D3I) Domain 1 contract by the U.S. Army Space and Missile Defense Command. The contract, known as Tactical Range Air Defense Missile (TACRAM) 2, involves designing, building, and launching realistic-threat ballistic target missiles for testing advanced missile defense systems.
The contract extends through March 2028 and continues Teledyne Brown Engineering's work in providing target missiles since 2014. The company aims to introduce innovative designs and enhanced capabilities to replicate evolving threats faced by warfighters. This contract underscores Teledyne Brown Engineering's commitment to supporting national defense and its allies in an increasingly challenging global security landscape.
Teledyne Technologies (NYSE:TDY) has announced its participation in two upcoming investor conferences. Vice Chairman Jason VanWees will represent the company at the 13th Annual Needham Industrial Tech, Robotics, & Clean Tech 1x1 Conference on August 20, 2024 (virtual), and the Jefferies Industrials Conference in New York City on September 4, 2024.
A live webcast of Teledyne's presentation at the Jefferies conference will be available on the company's website at 11:00 a.m. Eastern Time on September 4. Teledyne's latest investor presentation will also be accessible on their website. The company specializes in digital imaging products, software, instrumentation, aerospace and defense electronics, and engineered systems, with operations primarily in the US, Canada, UK, and Western and Northern Europe.
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced the winners of the 29th Annual 'Vision Awards' at the APSCON 2024 Conference in Houston, Texas. The awards recognize airborne law enforcement crews for their exceptional use of thermal imaging systems in missions such as high-speed pursuits, search and rescue, and lifesaving operations.
The winners across various categories include the Michigan State Police, Prince George's County Police Dept. (MD), San Diego Police Dept., Hillsboro County Sheriff's Office (FL), King County Sheriff's Dept. (CA), and the Houston Police Dept. The awards highlight the important role of thermal imagery in law enforcement operations and public safety.
Teledyne Technologies (NYSE:TDY) reported second quarter 2024 results with net sales of $1,374.1 million, a 3.6% decrease from Q2 2023. GAAP diluted EPS was $3.77, down 2.8% year-over-year, while non-GAAP diluted EPS reached $4.58. The company achieved record free cash flow of $301.0 million and maintained a strong order backlog. Teledyne completed acquisitions of Valeport and Adimec for $123.6 million and repurchased approximately $278 million in stock through July 2024. The company affirmed its full-year 2024 non-GAAP EPS outlook of $19.25 to $19.45 and expects to return to year-over-year growth in the second half of 2024.
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), has unveiled its UltraFORCE® 380-HDc imaging system at the Farnborough International Air Show. This long-range airborne surveillance solution is not subject to International Traffic in Arms Regulations (ITAR), facilitating easier export and movement for non-U.S. customers.
The UltraFORCE 380-HDc offers high-definition multi-spectral imaging in a compact package, featuring full 1080p resolution across visual, thermal, low-light, and shortwave infrared (SWIR) cameras. It includes an advanced laser rangefinder and pointer, and intelligent automated operation for tracking multiple targets. With a low profile and light weight, it maximizes ground clearance in rotary aircraft without compromising performance.
The system will be available globally starting in Q4 and can be supported by Teledyne FLIR's Surveillance Service Centre in the UK, meeting localized content requirements.
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