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 FLIR Defense (NYSE:TDY) has secured a contract to deliver its UltraFORCE® 380X-HDc multi-spectral imaging systems to NL EASP AIR, marking the first sale of this newly launched surveillance gimbal for non-US customers. The systems will be installed on three Dornier DO328-110 maritime patrol aircraft for Search and Rescue (SAR), maritime patrol, and ISR missions. The UltraFORCE 380X-HDc features full 1080p resolution across visual, thermal, low-light, and shortwave infrared cameras, with a compact 14.6-inch height profile and 31.3 kg weight. Deliveries are expected to complete by early 2025.
Teledyne Controls announces certification of its new enhanced Airborne Data Loader (eADL XS™) for Boeing 737NG aircraft series. The device is the first onboard data loader meeting ARINC 645-1 requirements for OEM secure dataloading. The system features built-in cellular and Wi-Fi connectivity, digital signature validation, and secure boot functionality. Key benefits include advanced security compliance, wireless connectivity for autonomous software distribution, plug-and-play integration, enhanced fleet management capabilities, and expanded internal storage for software parts retention.
Teledyne FLIR Defense, part of Teledyne Technologies (NYSE:TDY), has secured a $168.3 million five-year IDIQ contract from the U.S. Army to upgrade the M1135 Stryker's Nuclear, Biological and Chemical Reconnaissance Vehicle Sensor Suite. The company received an initial delivery order worth $7.5 million. As lead integrator, Teledyne FLIR will modernize the Army's NBCRV system with improved autonomous CBRN sensors, including the FLIR Defense R80D SkyRaider™ drone with MUVE™ B330 biological detection payload. The program is expected to continue through 2029, with work conducted at facilities in Stillwater, Elkridge, and Tucson.
Teledyne Technologies (NYSE:TDY) has announced its participation in the Baird 2024 Global Industrial Conference on Tuesday, November 12. The company will be represented by George Bobb, President and Chief Operating Officer, and Jason VanWees, Vice Chairman. Their latest investor presentation will be accessible to the public on Teledyne's website.
Teledyne is a provider of sophisticated digital imaging products, software, instrumentation, aerospace and defense electronics, and engineered systems, with operations primarily in the United States, Canada, the United Kingdom, and Western and Northern Europe.
Teledyne Technologies (NYSE:TDY) has announced an agreement to acquire select aerospace and defense electronics businesses from Excelitas Technologies for $710 million in cash. The acquisition includes the Optical Systems business (Qioptiq® brand) in Northern Wales, which provides advanced optics for military displays and night vision systems, and the U.S.-based Advanced Electronic Systems business, which produces electronic devices for defense and space applications. The transaction is expected to complete in early 2025 and be accretive to both GAAP and non-GAAP earnings per share.
Teledyne Technologies (NYSE:TDY) announced an agreement to acquire Micropac Industries (OTC:MPAD) for $20.00 per share in an all-cash transaction valued at approximately $57.3 million. Founded in 1963, Micropac designs and manufactures microelectronic circuits, optoelectronic components, and sensor and display assemblies for military, aerospace, and medical applications. The transaction, unanimously approved by both companies' boards, is expected to close by the end of 2024. Stockholders holding approximately 75% of Micropac's shares have already approved the merger agreement.
Teledyne Technologies (NYSE:TDY) reported strong third quarter 2024 results with all-time record quarterly sales of $1,443.5 million, up 2.9% year-over-year. The company achieved record third quarter GAAP earnings per share of $5.54, a 31.9% increase from $4.15 in 2023. Operating margin remained stable at 18.8%, while non-GAAP operating margin was 22.5%. Cash from operations reached $249.8 million with free cash flow of $228.7 million. The company raised its full-year 2024 GAAP EPS outlook to $17.28-$17.42 and narrowed non-GAAP EPS guidance to $19.35-$19.45. Notable achievements include strong performance in defense, space, and energy businesses, with orders exceeding sales for the fourth consecutive quarter.
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), has secured a five-year contract worth up to $91 million from the U.S. Army for its Black Hornet® 4 Personal Reconnaissance Systems. This contract falls under the Soldier Borne Sensor (SBS) program, Phase II. The company has already received $25 million in initial orders for the first batch of Black Hornet 4 drones, controllers, spare parts, and training.
The U.S. Army has been acquiring Black Hornet systems since 2018, with orders totaling over $215 million to date. The Black Hornet 4, designed and built in Norway, is a nano-unmanned aerial system (UAS) used by soldiers for squad and small unit surveillance and reconnaissance. It provides situational awareness from protected positions, enhancing soldier safety. Currently, Black Hornet systems are utilized by more than 40 countries worldwide.
Teledyne Technologies (NYSE:TDY) has announced its contribution to NASA's Europa Clipper mission, which launched successfully from Kennedy Space Center. The mission's Mapping Imaging Spectrometer for Europa (MISE) instrument features a Teledyne CHROMA-A focal plane array, customized to measure 421 channels with 10 nm spectral resolution across the short-to-mid-wave infrared range.
This technology will help scientists study Europa's geologic history and assess its ocean's potential habitability. Teledyne and NASA's Jet Propulsion Lab are also developing a fully digital focal plane array (FPA) for future spectrometers, with the new 3072×512 pixel CHROMA-D focal plane array planned for NASA's Surface Biology and Geology Earth Science mission in 2028.
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), unveils the Cerberus XL C-UAS air domain monitoring and counter-drone platform at the AUSA conference in Washington D.C. This advanced system features:
- High-performance long-range sensors and Counter Unmanned Aerial Systems technology
- Thermal/visual imaging systems, 3D radars, and RF detection
- Ability to detect and track over 500 targets simultaneously
- Non-kinetic effectors for threat defeat up to three kilometers
- Modular design for air, ground, and maritime threats
- Integration with kinetic defeat solutions and AI-enhanced target identification
The system has been battle-proven in Ukraine and is designed for rapid deployment in challenging environments, addressing military force protection, airports, seaports, borders, and critical infrastructure security needs.