Welcome to our dedicated page for Teledyne Tech news (Ticker: TDY), a resource for investors and traders seeking the latest updates and insights on Teledyne Tech stock.
Teledyne Technologies Incorporated (NYSE: TDY) regularly issues news covering its activities in digital imaging, instrumentation, aerospace and defense electronics, and engineered systems. This page aggregates company announcements so readers can follow developments across Teledyne’s operating groups, including Teledyne FLIR Defense, Teledyne Brown Engineering, Teledyne LeCroy, Teledyne DALSA, and Teledyne MEMS.
Recent news highlights Teledyne’s role in defense and security programs. Teledyne FLIR Defense has announced contracts with the U.S. Army and U.S. Marine Corps for advanced electro-optical and infrared systems, long-range thermal imaging sights, radars, and Rogue 1 reusable loitering munition systems. Other releases describe support for foreign military sales and modernization efforts, such as integrating reconnaissance sensor kits on Stryker armored vehicles.
Teledyne Brown Engineering news includes contract modifications from the Naval Sea Systems Command to provide spares and support for the MK11 SEAL Delivery Vehicle fleet, a manned platform used to clandestinely deliver Special Operations Forces. These updates illustrate Teledyne’s ongoing work in engineered systems for demanding maritime and defense environments.
In the technology and industrial arena, Teledyne LeCroy reports on new compliance test and debug solutions for high-speed standards like DisplayPort 2.1, while Teledyne DALSA announces high-throughput frame grabbers such as the Xtium3 PCIe Gen4 family for industrial imaging applications. Teledyne MEMS and corporate announcements also address participation in semiconductor initiatives and acquisitions like DD-Scientific, which adds electrochemical gas sensors to Teledyne’s instrumentation portfolio.
Investors, engineers, and industry observers can use this news feed to monitor contract awards, product introductions, acquisitions, governance updates, and investor events involving Teledyne Technologies and its subsidiaries.
Teledyne Marine announced significant achievements, including the production and shipment of its 10,000th Advanced Profiling Explorer (APEX) profiling float and 1,000th Slocum Glider. These devices enhance oceanographic research by collecting vital data over extended periods. Additionally, the company unveiled its new Autonomous Underwater Vehicle (AUV), the Gavia Osprey, designed for deep water and long missions. Celebrated at their Massachusetts facility, these milestones reflect Teledyne's commitment to innovation and ocean monitoring technology.
Teledyne FLIR Defense, part of Teledyne Technologies (NYSE:TDY), has secured new orders worth $62.1 million from the U.S. Armed Services for nearly 500 Centaur unmanned ground systems. This award raises the total value of the MTRS Inc. II contract to over $250 million. The Centaur systems are used by Explosive Ordnance Disposal teams for hazardous missions. Since 2020, Teledyne FLIR has received orders for over 1,800 Centaurs across multiple military branches. Deliveries are expected to commence in Q1 2023.
Teledyne FLIR Defense has secured a framework agreement worth up to NOK 475 million (approximately $48 million) with the Norwegian Defence Materiel Agency for multi-year deliveries of Black Hornet® nano UAVs. This four-year agreement can be extended for up to three additional years, marking Norway's largest commitment to date for this technology since it first received units in 2015. The Black Hornet, weighing 33 grams, offers covert situational awareness with a flight time of up to 25 minutes and has been widely deployed across defense forces globally.
Teledyne FLIR Defense announced the delivery of 127 PackBot 525 unmanned ground vehicles (UGVs) to the German Army. The deliveries, expected to finalize in July, strengthen the German military's capabilities amidst European security concerns. The PackBot 525, weighing 27 kg, is designed for diverse missions including bomb disposal and surveillance. With a history of aiding U.S. and international forces since 2001, these robots have collectively neutralized over 70,000 IEDs, enhancing operational safety and effectiveness.
Teledyne FLIR Defense has launched the Kobra™ 725 modular robot at Eurosatory, enhancing its previous model, Kobra 710. Designed for harsh environments, the Kobra 725 features improved mobility, capable of speeds up to 13 km/h, and a lift capacity to handle heavy loads. Weighing less than 250 kg, it offers advanced technology including full-HD cameras and AES-256 encryption. The robot is tailored for military tasks such as Explosive Ordnance Disposal and reconnaissance. The U.S. Army previously selected the Kobra 710 as its Common Robotic System-Heavy platform.
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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
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.