Teledyne FLIR Defense Receives $15 Million Contract from NATO Partner for Advanced Weapon Sights

Rhea-AI Summary

Teledyne FLIR Defense, part of Teledyne Technologies (NYSE:TDY), has been awarded a $15 million contract by the U.S. Army Contracting Command-Aberdeen Proving Ground to supply over 150 ThermoSight® HISS-XLR weapon sights to a NATO partner country.

The contract includes parts, training, and in-country support. The ThermoSight HISS-XLR enables snipers to detect and recognize targets at distances greater than 2,000 meters and can be mounted on various weapon platforms. Deliveries started this spring and will continue through 2024.

Positive

• $15 million contract awarded to Teledyne FLIR Defense.
• Contract includes over 150 ThermoSight HISS-XLR weapon sights.
• ThermoSight HISS-XLR enables target detection at over 2,000 meters.
• Contract includes parts, training, and in-country support.
• Deliveries started this spring and continue through 2024.

Negative

• None.

Financial Analyst

Teledyne FLIR Defense securing a $15 million contract is indicative of a robust demand for its advanced weapon sights. This deal not only strengthens the company's revenue stream but also enhances its standing as a trusted defense contractor among NATO allies. For retail investors, such contracts offer insight into the company's revenue stability and potential for future growth in the defense sector.

Short-term, this contract provides a predictable revenue bump, likely reflected in upcoming quarterly earnings. Long-term, it reinforces Teledyne's market positioning and builds a case for sustained demand for its products. However, investors should also consider the competitive nature of defense contracts and potential geopolitical influences on future deals.

Defense Industry Expert

The ThermoSight® HISS-XLR weapon sight is a significant technological advancement, capable of detecting targets at over 2,000 meters. This precision aligns with modern military needs for high-performance, adaptable equipment. The ability to interface with multiple weapon platforms enhances its utility, making it a versatile asset for long-range missions.

This contract showcases Teledyne FLIR's technological expertise and responsiveness to NATO's defense requirements. For investors, it highlights the company's innovation in thermal imaging and its potential to secure further contracts. Nonetheless, it's important to watch for advancements by competitors, as technological edge can be fleeting in this sector.

ThermoSight HISS-XLR delivers crisp daytime/thermal imagery for snipers

BOSTON--(BUSINESS WIRE)-- Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), has received a $15 million contract through the U.S. Army Contracting Command-Aberdeen Proving Ground (ACC-APG) to deliver more than 150 of its ThermoSight® HISS-XLR weapon sights to a NATO partner country. The contract also includes parts, training, and other in-country support.

Teledyne FLIR Defense has received a $15 million contract through the U.S. Army Contracting Command-Aberdeen Proving Ground to deliver more than 150 of its ThermoSight® HISS-XLR weapon sights to a NATO partner country. The ThermoSight® HISS-XLR clip-on thermal weapon sight enables snipers and precision shooters to detect and recognize man-size targets at more than 2,000 meters. The highly portable HISS-XLR can interface with a wide range of day scopes and weapon platforms. Long-range optics coupled with an HD display provide crisp imagery, while portrait orientation compensates for bullet drop at extreme ranges. (Photo: Business Wire)

The ThermoSight® HISS-XLR clip-on thermal weapon sight enables snipers and precision shooters to detect and recognize man-size targets at more than 2,000 meters. Designed to mount on any MILSTD-1913 rail interface in front of an existing scope, the highly portable HISS-XLR can interface with a wide range of day scopes and weapon platforms. Long-range optics coupled with an HD display provide crisp imagery, while portrait orientation compensates for bullet drop at extreme ranges.

“Teledyne FLIR is honored to receive this contract through the ACC-APG to provide tactical imagery solutions to one of our NATO allies,” said Dr. JihFen Lei, executive vice president and general manager of Teledyne FLIR Defense. “The HISS-XLR is a highly capable weapon sight that helps enhance mission success for snipers and other long-range shooter needs. We recognize its importance to militaries around the globe, now more than ever, and we continue to invest in our ThermoSight line of combat-proven technology solutions.”

Work will be performed at FLIR Defense’s manufacturing and service facility in Billerica, Mass. Deliveries began this spring and will continue through 2024.

To learn more about Teledyne FLIR’s wide range of advanced tactical solutions, visit us online.

About Teledyne FLIR Defense

Teledyne FLIR Defense has been providing advanced, mission-critical technology and systems for more than 45 years. Our products are on the frontlines of the world’s most pressing military, security and public safety challenges. As a global leader in thermal imaging, we design and build sophisticated surveillance sensors for air, land and maritime use. We develop the most rugged, trusted unmanned air and ground platforms, as well as intelligent sensing devices used to detect chemicals, biological agents, radiation and explosives. At Teledyne FLIR Defense we bring together this expertise to deliver solutions that enable critical decisions and keep our world safe – from any threat, anywhere. To learn more, visit us online or follow @flir and @flir_defense.

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/20240710509688/en/

Joe Ailinger, Jr.

Teledyne FLIR Defense

Phone: +1 781-801-6161

Email: joe.ailinger@teledyne.com

Ryan Williams

Targeted Victory

Phone: +1 617-697-9072

Email: rwilliams@targetedvictory.com

Source: Teledyne FLIR Defense

FAQ

What is the value of the contract Teledyne FLIR Defense received?

Teledyne FLIR Defense received a $15 million contract.

Who awarded the $15 million contract to Teledyne FLIR Defense?

The U.S. Army Contracting Command-Aberdeen Proving Ground awarded the $15 million contract.

What product will Teledyne FLIR Defense provide under the new contract?

Teledyne FLIR Defense will provide more than 150 ThermoSight HISS-XLR weapon sights.

What is the target detection range of the ThermoSight HISS-XLR?

The ThermoSight HISS-XLR can detect targets at distances greater than 2,000 meters.

When did deliveries of the ThermoSight HISS-XLR weapon sights begin?

Deliveries of the ThermoSight HISS-XLR weapon sights began this spring and will continue through 2024.