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 (NYSE:TDY) announces virtual investor meetings at key conferences in March 2021. Jason VanWees, Executive VP, will attend the Berenberg Industrial Technologies Conference and the BofA Global Research Global Industrials Conference. Teledyne is also seeking stockholder approval for a proposed acquisition of FLIR. Relevant documents and presentations about the acquisition will be filed with the SEC and are available for stakeholders. The company emphasizes that forward-looking statements regarding the merger may involve risks and uncertainties that could affect outcomes.
Teledyne LeCroy, a unit of Teledyne Technologies (NYSE: TDY), has launched the CrossSync™ PHY interposers and software, enabling integration between oscilloscopes and protocol analyzers for testing PCI Express (PCIe) interfaces. This solution addresses engineers' challenges in correlating protocol messages and electrical performance. By utilizing a single system, it enhances reliability and testing accuracy, streamlining the debugging process for complex PCIe applications. Industry experts affirm that this technology will significantly reduce debugging time and improve performance.
Teledyne Technologies (TDY) plays a vital role in the Mars 2020 mission by supplying advanced image sensors and a power system for the Perseverance rover. Key contributions include CCD sensors for the SuperCam and SHERLOC instruments, which analyze the Martian environment and search for signs of past microbial life. Additionally, Teledyne Energy Systems provided the Multi-Mission Radioisotope Thermoelectric Generator (MMRTG) that powers the rover. This mission aims to gather crucial data for future human exploration of Mars and advance technologies for sustainable living on the planet.
Teledyne SP Devices, a division of Teledyne Technologies (NYSE: TDY), launched the ADQ32, a fourth-generation modular data acquisition board designed for high-throughput applications. It features a dual-channel 12-bit digitizer capable of 2.5 GS/s synchronous sampling, and an open Xilinx Kintex Ultrascale KU040 FPGA, optimizing it for OEM integration in fields like SS-OCT and ToF MS. The board supports real-time DSP, enabling efficient data processing with a 7 Gbyte/s PCI Express interface. Enhanced analog performance and simplified integration further bolster its appeal for demanding applications.
Teledyne Imaging has unveiled LACera™, a groundbreaking CMOS technology aimed at enhancing scientific imaging capabilities. This innovation, developed by Teledyne, boasts over 90% quantum efficiency, low noise architecture, and 18-bit readout, features essential for applications in life and physical sciences, including genomics and astronomical imaging. LACera will be integrated into next-gen CMOS cameras set to launch later this year, positioning Teledyne to meet the demands of research and OEM customers. For more details, explore www.LargeAreaCMOS.com.
Teledyne Technologies (NYSE:TDY) announced that Executive Vice President Jason VanWees will present at the 42nd Annual Cowen Aerospace/Defense & Industrials Virtual Conference on February 10 at 10:30 a.m. (Pacific). The conference will be accessible via a live webcast on Teledyne's website, which will also host a replay. Additionally, stockholders are encouraged to review upcoming SEC filings regarding the proposed merger with FLIR Systems, as important information will be contained within.
Teledyne Technologies reported fourth quarter 2020 sales of $809.3 million, down 3.0% from the previous year, but achieved an all-time record GAAP diluted EPS of $3.48, up 13.7%. The company also reached a record GAAP operating margin of 17.8%. Cash from operations hit $236.4 million for the quarter and $618.9 million for the year. Teledyne announced a pending acquisition of FLIR Systems for approximately $8.0 billion. Despite a decrease in total year sales to $3,086.2 million, net income remained steady at $401.9 million.
Teledyne Technologies (NYSE: TDY) will host a conference call on January 27, 2021, at 8:00 a.m. Pacific to discuss its fourth quarter and full year 2020 financial results. A press release detailing these results will be issued prior to the market opening on the same day. Teledyne specializes in sophisticated instrumentation, digital imaging, aerospace, defense electronics, and engineered systems, with operations primarily in the U.S., Canada, the U.K., and Europe.
Teledyne Technologies (NYSE:TDY) announced that Teledyne Brown Engineering secured an $18 million contract from Northrop Grumman to manufacture four Surface-to-Surface Missile Modules (SSMM) for the U.S. Navy's Littoral Combat Ship (LCS). This marks the second contract for the SSMM, continuing from a previous agreement in September 2019. The units will be manufactured in Huntsville, Alabama, and will enhance capabilities against swarming attacks and maritime security. This collaboration emphasizes Teledyne's long-standing support for defense initiatives over the past decade.
Teledyne Technologies (NYSE:TDY) announced that Jason VanWees, Executive VP, will participate in investor meetings at the 23rd Annual Needham Virtual Growth Conference on January 13. The latest investor presentation will be available on the company’s website. The firm is in the process of a proposed transaction with FLIR Systems, pending stockholder approval and regulatory clearance. Stockholders are advised to review the upcoming joint proxy statement/prospectus regarding the merger for crucial information.
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