Teledyne Tech Stock Price, News & Analysis

Teledyne FLIR Defense has secured a $43.9 million indefinite delivery, indefinite quantity (IDIQ) contract from the U.S. Naval Surface Warfare Center for servicing electro-optical sensor systems used in Intelligence, Surveillance, and Reconnaissance (ISR). The contract includes support for systems like the BRITE® Star II and Sea Star SAFIRE® III, ensuring continued operational effectiveness for the U.S. Navy and Coast Guard. This award builds upon recent contracts valued at $16.2 million for additional system upgrades.

Teledyne Technologies (NYSE:TDY) announced that Vice Chairman Jason VanWees will present at the 43rd Annual Cowen Aerospace/Defense & Industrials Virtual Conference on February 9 at 11:20 a.m. Pacific. A live webcast will be available on Teledyne’s website, along with a replay and the latest investor presentation. Teledyne is a leader in digital imaging, aerospace, and defense electronics, with operations primarily in the U.S., Canada, the U.K., and Europe. Forward-looking statements about financial conditions and operations are subject to risks and uncertainties.

Teledyne Technologies reported record quarterly sales of $1,375.7 million, a 70.0% increase year-over-year. For Q4 2021, GAAP diluted earnings per share were $3.39, with non-GAAP earnings at $4.56. Annual sales reached $4,614.3 million, marking a 49.5% rise, while GAAP EPS for the year stood at $10.05. The acquisition of FLIR contributed significantly, generating $498.6 million in incremental sales. The consolidated leverage ratio improved to 2.9x, down from 3.8x in May 2021, with a strong cash flow position.

Teledyne FLIR Defense, part of Teledyne Technologies (NYSE:TDY), has partnered with Precision Technic Defence Group to secure a seven-year framework agreement with the Danish Defense Acquisition and Logistics Organization (DALO) for medium- and long-range surveillance systems. The potential contract exceeds $100 million, covering various applications across land, maritime, and airborne domains. This collaboration strengthens Teledyne FLIR's position in the defense sector, enhancing capabilities with advanced imaging systems that support the Danish armed forces.

Teledyne Technologies (NYSE:TDY) will host a conference call on January 27, 2022, at 8:00 a.m. Pacific to discuss its fourth quarter and full year 2021 results. A press release with financial results will be available before the NYSE opens that day. Interested parties can access the call via Teledyne's investor portal. A replay will be accessible for approximately one month following the event.

Teledyne Technologies (NYSE:TDY) has announced the promotion of Dr. JihFen Lei to Executive Vice President of Teledyne FLIR Defense, integrating Surveillance and Unmanned Solutions businesses. Dr. Lei, who rejoined Teledyne in 2021, will oversee the cross-technology development led by Dr. David Cullin, also promoted to Vice President and General Manager. This move aims to enhance product and market synergies in advanced technology, serving global security and public safety markets. Teledyne FLIR has supplied innovative solutions to over 70 countries for over four decades.

Teledyne Technologies (NYSE:TDY) announced that Vice Chairman Jason VanWees will be participating in investor meetings at the 24th Annual Needham Virtual Growth Conference on January 12. The company's latest investor presentation will be made publicly available on its website. Teledyne specializes in sophisticated instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. The company operates primarily in the U.S., Canada, the UK, and Europe.

Teledyne Technologies congratulates NASA, ESA, and the Canadian Space Agency on the successful launch of the James Webb Space Telescope (JWST). The company provided 15 H2RG infrared detectors used in JWST's key science instruments: NIRCam, FGS, and NIRSpec. These detectors will study the universe's structure, stabilize the telescope, and analyze chemical compositions. Teledyne's detectors are also employed in the Hubble Space Telescope and upcoming missions like the Roman Space Telescope set for 2027.