Teledyne FLIR Awarded $48 Million Nano-UAV Framework Agreement by the Norwegian Defence Materiel Agency

Rhea-AI Summary

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.

Positive

• Secured a framework agreement worth up to NOK 475 million ($48 million), which may enhance revenue streams.
• Norway's commitment represents a significant expansion of the customer base for Black Hornet UAVs.
• Teledyne FLIR has delivered over 12,000 Black Hornets, indicating strong demand and market presence.

Negative

• None.

Facilitates multi-year deliveries for Norway and partner nations

THOUSAND OAKS, Calif.--(BUSINESS WIRE)-- Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced that it has entered into a framework agreement worth up to NOK 475 million (approximately $48 million) with the Norwegian Defence Materiel Agency to deliver advanced Black Hornet® nano unmanned aerial vehicles (UAVs). The agreement is valid for four years but can be extended a year at a time for up to three additional years.

(Photo: Business Wire)

While Norway received its first Black Hornet in 2015, this agreement represents the country’s largest commitment to date. With these new orders, Norway will become one of the largest users of Teledyne FLIR’s Black Hornet Personal Reconnaissance System. The Black Hornet weighs just 33 grams (less than 0.1 pounds) and measures 168 millimeters (less than seven inches). Well suited for operations in highly contested and GPS-denied environments, nearly silent, and with a flight time up to 25 minutes, the pocket-sized UAV transmits live visible and thermal video to the operator. Teledyne FLIR Defense has delivered more than 12,000 Black Hornets to defense and security forces worldwide.

“I would like to thank the Norwegian Government and Minister of Defence, Bjorn Arild Gram, for continued support of the Black Hornet, which is also designed and manufactured in Norway,” said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne Technologies. “With this new agreement, nations cooperating with Norway may also procure the Black Hornet. As the world’s leading nano UAV system, Black Hornet delivers covert situational awareness to military units in combat operations – a crucial advantage at a time when European and allied countries confront new threats on the Continent and beyond.”

“Our Black Hornet nano UAV operates day or night and even in the most challenging GPS-denied environments, including indoors,” said Edwin Roks, Executive Vice President and Segment President Teledyne Digital Imaging. “With a range of two kilometers, the Black Hornet can fly at speeds exceeding six meters per second and communicates with an encrypted digital datalink for secure and reliable communications from tight spaces to beyond-line-of-sight applications.”

About Teledyne FLIR

Teledyne FLIR, a Teledyne Technologies company, is a world leader in intelligent sensing, unmanned systems, and integrated solutions for defense and industrial markets, with roughly 4,000 employees worldwide. Founded in 1978, the company develops a wide range of advanced technologies to help professionals make better, faster decisions that save lives and livelihoods. To learn more, visit teledyneflir.com or follow @flir. #AnyThreatAnywhere

About Teledyne Technologies

Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220623005799/en/

Media Contact:

Joe Ailinger, Jr.

Teledyne FLIR

Phone: +1 781-801-6161

Email: joe.ailinger@teledyneflir.com

Investor Contact:

Jason Van Wees

Teledyne Technologies

Phone: +1 805-373-4542

Email: jason.vanwees@teledyne.com

Source: Teledyne FLIR

FAQ

What is the value of the new framework agreement between Teledyne and Norway?

The framework agreement is worth up to NOK 475 million (approximately $48 million).

How long is the framework agreement for the Black Hornet UAVs?

The agreement is valid for four years but can be extended for up to three additional years.

How many Black Hornet UAVs has Teledyne delivered worldwide?

Teledyne FLIR has delivered more than 12,000 Black Hornets to defense and security forces globally.

What advantages does the Black Hornet UAV provide?

The Black Hornet offers covert situational awareness, operates in GPS-denied environments, and has a flight time of up to 25 minutes.

Who is the primary agency involved in the agreement with Teledyne?

The primary agency involved is the Norwegian Defence Materiel Agency.