Teledyne Tech Stock Price, News & Analysis

Teledyne Technologies (NYSE:TDY) has announced the acquisition of Maretron's assets from Littelfuse, Inc. (NASDAQ:LFUS), including the Octoplex, MPower, and MConnect product lines. The acquisition will be integrated into Teledyne's Raymarine business, enhancing its vessel automation solutions portfolio.

The strategic acquisition aims to provide deeper integration and automation capabilities for boat builders while expanding product functionality for consumers. Raymarine will maintain the Maretron brand and product lines to ensure continuity for existing customers. The deal includes Maretron's Florida office location, strengthening Raymarine's presence in the Southeast U.S. boating market.

This represents Teledyne's eleventh corporate carve-out transaction and marks its second carve-out completion in 2025. The integration will enhance Raymarine's position as a leading vessel automation solution provider to boat builders and system integrators.

Teledyne FLIR OEM (NYSE:TDY), a division of Teledyne Technologies and global leader in thermal imaging innovation, has announced a strategic brand evolution and launched a new dedicated website at oem.flir.com. The brand update aims to streamline OEM access to technical resources and development support.

The company's approach is built on four key pillars: unmatched production reliability, delivering thousands of infrared sensors daily; innovative integrated solutions, combining thermal imaging hardware with embedded Prism™ software for AI capabilities; flexible development collaboration for streamlined partnerships; and over 30 years of certified quality excellence. As a U.S.-based Other Transaction Authority (OTA)-friendly nontraditional defense contractor, Teledyne FLIR OEM provides NDAA-compliant and ITAR-free infrared imaging solutions.

Teledyne FLIR Defense announced that its Black Hornet 4 Personal Reconnaissance System has been approved for the Blue UAS List after completing NDAA and cyber security verification. The Black Hornet 4 nano-drone, selected from over 35 UAS products during DIU's Blue UAS Refresh event, represents next-generation lightweight drone technology. The system features a 12-megapixel daytime camera, thermal imager, and can fly for over 30 minutes across 3km in challenging weather conditions. Weighing just 70 grams, it includes advanced obstacle avoidance capabilities. Teledyne FLIR has delivered over 33,000 Black Hornet drones to military and security forces across 45+ countries, with the U.S. Army placing orders exceeding $300 million since 2018. The company recently opened a 13,000 sq ft facility in Kentucky for servicing, testing, and training support.

Teledyne FLIR OEM (NYSE: TDY) announced that Dragoon has selected its Prism™ Supervisor and Prism SKR software for integration into long-range unmanned platform prototypes under Project Artemis, a Defense Innovation Unit (DIU) initiative. The software will provide AI-driven object detection, tracking, real-time autonomy flight control, and mission planning capabilities.

Dragoon is one of four organizations working on Project Artemis, which aims to evaluate and deploy long-range loitering munitions for contested electromagnetic environments. The Prism SKR software offers automatic target recognition for FLIR Boson® thermal cameras, while Prism Supervisor provides end-to-end autonomy and mission oversight, integrating with Dragoon's autopilot system to enhance UAS operational capabilities while reducing operator workload.

Teledyne FLIR Defense (NYSE: TDY) has unveiled significant upgrades to its Black Hornet® 4 Personal Reconnaissance System, a nano-drone designed for military operations. Key improvements include a 50% increase in radio communications range (from 2 to 3 kilometers) and a new Android tablet with doubled battery life and cold-weather charging capabilities.

The Black Hornet 4, weighing just 70 grams, features a 12-megapixel daytime camera and thermal imager, with 30+ minutes flight time. The drone is now IP-52 rated for rain resistance, while the ground control station has an IP-54 rating. The system has been delivered to military and security forces in over 45 countries, with the U.S. Army placing orders exceeding $300 million since 2018.

Teledyne has announced a significant leadership change with George C. Bobb III being appointed as President and Chief Executive Officer, effective immediately. This appointment follows the retirement of Edwin Roks as CEO, who will continue as a special advisor to Executive Chairman Robert Mehrabian through August 2025.

Bobb, 50, brings 17 years of experience at Teledyne and most recently served as President and Chief Operating Officer since January 2024. His extensive background includes leadership roles in:

• Aerospace and Defense Electronics Segment
• Marine Instrumentation group
• Engineered Systems Segment
• Teledyne Scientific & Imaging
• Information Technology functions

Robert Mehrabian, Executive Chairman, expressed confidence in Bobb's leadership, noting his excellence in previous roles. The company acknowledged Roks' 20-year contribution, particularly in digital imaging advancement and technology development across Teledyne's portfolio. Bobb will report directly to Mehrabian as they continue developing and executing Teledyne's growth strategy.

Teledyne FLIR Defense (NYSE:TDY) has released a new whitepaper arguing that recoverable and reusable loitering munition solutions offer superior cost and mission effectiveness compared to single-use 'One-Way Attack' or First Person View (FPV) drones.

The paper, titled 'USE IT, DON'T LOSE IT,' emphasizes that advanced loitering munition unmanned aircraft systems (LMUAS) are better suited for operations in the 'atmospheric littoral' - the low-altitude airspace up to several hundred feet above ground level. The company's Rogue 1™ system features a patented gimballed warhead for enhanced precision targeting, particularly effective against armored platforms.

The whitepaper highlights that reusable systems reduce capital expenditure, simplify training, and can be safely recovered if target conditions change. Additionally, they can be equipped with inert payloads for training exercises, offering significant advantages over single-use alternatives.

Teledyne Technologies (NYSE:TDY) reported strong first quarter 2025 results with record net sales of $1,449.9 million, up 7.4% year-over-year. The company achieved GAAP diluted EPS of $3.99 and record non-GAAP EPS of $4.95.

Key highlights include record first quarter GAAP operating margin of 17.9% and non-GAAP operating margin of 22.0%. The company generated robust cash flow with $242.6 million from operations and $224.6 million in free cash flow. Notable capital deployment included $757.6 million for the acquisitions of Micropac and Qioptiq.

All segments showed organic growth, with Aerospace and Defense Electronics leading at 30.6% growth. The company maintains its full-year 2025 non-GAAP EPS outlook of $21.10 to $21.50. Quarter-end backlog reached an all-time record, marking the sixth consecutive quarter where orders exceeded sales.

Teledyne Technologies (NYSE:TDY) has announced it will host a conference call to discuss its first quarter 2025 financial results on Wednesday, April 23, 2025, at 8:00 a.m. Pacific time. The company will release its Q1 2025 earnings press release before the NYSE opening on the same day.

The earnings call can be accessed through Teledyne's investor relations website approximately ten minutes before the scheduled start time. A replay of the call will be available for about one month starting at 11:00 a.m. Pacific on April 23, 2025.

Teledyne Technologies specializes in sophisticated digital imaging products and 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.