Teledyne FLIR Awarded $500 Million U.S. Army Contract for Family of Weapons Sights-Individual Program

Rhea-AI Summary

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 Billerica, Massachusetts and Goleta, California, with Maztech Industries as a subcontractor. Teledyne FLIR emphasizes its ongoing leadership in thermal imaging technology.

Positive

• Contract valued at up to $500.2 million boosts revenue potential.
• Strengthens position in the defense sector with advanced thermal imaging technology.
• Long-term contract spanning five years provides financial stability.

Negative

• None.

Lightweight thermal imaging system allows soldiers to see targets and conduct operations day or night, through smoke and fog, in all weather conditions

THOUSAND OAKS, Calif.--(BUSINESS WIRE)-- Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced that it has won a five-year, firm-fixed-price, Indefinite Delivery/Indefinite Quantity (ID/IQ) contract worth up to $500.2 million to provide advanced thermal imaging systems for the U.S. Army’s Family of Weapons Sights-Individual (FWS-I) program.

The Family of Weapon Sights-Individual system can be mounted on individual weapons and provides a soldier with infrared imagery in all-weather environments, under all lighting conditions, and through obscurants such as smoke or fog.

The FWS-I program falls under the auspices of the Army’s Program Executive Office Soldier. The award was made through U.S. Army Contracting Command, Aberdeen Proving Ground, Maryland.

“We are very pleased to bring the Family of Weapon Sights-Individual’s next-generation imaging technology to our soldiers on the ground, on the frontlines, where it’s needed most,” said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne Technologies. “This substantial program award is a milestone achievement for Teledyne FLIR and a testament to their leadership in thermal imaging for more than 40 years. We look forward to working with the U.S. Army to deliver these important systems to soldiers in the coming years.”

FWS-I is a lightweight, battery-operated thermal imaging system for reconnaissance, surveillance, and target acquisition mounted on individual weapons. In addition, FWS-I wirelessly transmits the weapon sight crosshair and thermal imagery to soldiers’ Enhanced Night Vision Goggle (ENVG) III and ENVG-Binocular, providing a Rapid Target Acquisition (RTA) capability. RTA enables soldiers to detect, recognize and engage targets accurately from any carry position and with greatly reduced exposure to enemy fire.

Teledyne FLIR will produce the FWS-I at its facilities in Billerica, Massachusetts and Goleta, California. Maztech Industries, based in Irvine, California, will serve as subcontractor and system design lead.

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/20220505006156/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 Technologies Incorporated

FAQ

What is the value of the contract awarded to Teledyne Technologies (TDY)?

Teledyne Technologies has been awarded a contract worth up to $500.2 million.

What is the purpose of the Family of Weapon Sights-Individual (FWS-I) program?

The FWS-I program provides soldiers with advanced thermal imaging capabilities for improved operations in various conditions.

Where will the FWS-I systems be produced?

The FWS-I systems will be produced in Billerica, Massachusetts and Goleta, California.

How long is the contract with the U.S. Army for Teledyne Technologies?

The contract with the U.S. Army spans five years.

Who is the subcontractor for the FWS-I program?

Maztech Industries, based in Irvine, California, is the subcontractor for the FWS-I program.