Teledyne Tech Stock Price, News & Analysis

Teledyne FLIR has launched the identiFINDER® R700 Backpack Radiation Detector, an advanced mobile system for radiological monitoring. The U.S. Department of Homeland Security has placed a $6.5 million order for the device under its Helium-3 Alternative Implementation Backpack Program, with deliveries scheduled over nine months. The R700 enhances sensitivity and speed in detecting radioactive threats, proving versatile for various operational needs. Shipments began in May, with wider availability expected in Q3-2021.

Teledyne Marine Vehicles announced that Argeo of Norway has procured two of its Gavia SeaRaptor Autonomous Underwater Vehicles (AUVs), rated for 6,000 meters. This strategic partnership aims to enhance Argeo’s fleet for deep-sea surveys in various marine industries, including offshore wind and oil & gas. The SeaRaptor AUVs are equipped with advanced sonar and data collection systems, ensuring efficient and precise underwater assessments. Teledyne's commitment to innovation is showcased in the autonomous capabilities and long endurance of these vehicles, crucial for expanding oceanic research.

Teledyne Imaging has introduced the Linea Lite series of line scan cameras, designed to enhance machine vision applications. These new cameras have a 45% smaller footprint than the original Linea and feature a proprietary CMOS image sensor. They are available in 2k and 4k resolutions with monochrome and bilinear color options. Key features include multiple regions of interest, programmable coefficient sets, and support for precision time protocol. The Linea Lite is suited for various inspections, from battery to packaging, promising a low-cost solution in a compact design.

Teledyne Technologies (NYSE: TDY) announced that Jason VanWees, Executive VP, will attend the 16th Annual Needham Virtual Technology & Media Conference on May 19. The latest investor presentation will be available on the company’s website. Teledyne is a leader in digital imaging products, software, and defense electronics, with operations in the U.S., Canada, the U.K., and Europe. The presentation contains forward-looking statements that entail risks, including COVID-19 impacts, integration challenges with FLIR, and market uncertainties.

Teledyne CML Composites has made a significant investment in a new Thermoplastic processing cell in collaboration with the National Composites Centre (NCC) in the UK. This new facility features advanced press and oven systems capable of processing reinforced Thermoplastics like PEEK and PEKK, enhancing capacity for commercial and defense aerospace manufacturing. The investment aligns with Teledyne CML's long-term growth strategy in aerospace, improving production efficiency with reduced cycle times and sustainability. The new capabilities support both thermoplastic and thermoset production.

Teledyne Storm Microwave has launched the Storm-Test™ series of cables designed for Vector Network Analyzers (VNA), enhancing phase stability and extending the lifespan of test leads. The new cables feature advanced bend protection and a braided FEP jacket for durability, making them suitable for demanding applications in military and aerospace sectors. Testing indicates these cables last longer than competitors, saving time and costs for customers. They offer customization options and are available for immediate order.

Teledyne Technologies (NYSE:TDY) reported first quarter 2021 sales of $805.7 million, up 2.7% from the previous year. GAAP diluted EPS rose to $2.23, a 3.0% increase. Adjusted diluted EPS surged 39.2% to $3.02, excluding $39.0 million in charges related to the acquisition of FLIR Systems. The operating margin improved to 16.8%. Cash flow from operations climbed to $124.9 million. Teledyne raised its full-year earnings forecast to $12.00 - $12.20 per share. Completion of the FLIR acquisition is anticipated for May 14, 2021.