Teledyne Technologies Incorporated

Teledyne Technologies Incorporated Overview

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Founded: 1960

Workforce: ~10,850

Company Working: Teledyne Technologies Incorporated (Teledyne) offers enabling technologies for aerospace & defense, air and water quality environmental monitoring, factory automation, electronics design and development, deepwater oil & gas exploration and production, oceanographic research, and medical imaging and pharmaceutical research. The company operates through four business segments, namely, instrumentation, digital imaging, aerospace & defense, and engineered systems. Through its instrumentation segment, it offers test, measurement, and communication connectivity devices for marine, and environmental monitoring and control instruments. The digital imaging segment offers high-performance sensors and infrared and X-ray spectra used in industrial, camera, government, and medical applications. The aerospace & defense segment covers sophisticated electronic components, defense electronics, and aircraft information management systems, among others. It offers ROVs and AUVs through its subsidiary Teledyne Marine.

Strategy

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Company Snapshot

10,850

Employees

1960

Founded

Million Oaks, California, US

Headquarters

SWOT Analysis

Strengths

Strong presence in the US
Heavy expenditure in research & development (The company’s R&D expenditure increased from USD 177.7 million in 2017 to USD 185.6 million in 2018.)
Heavy expenditure in research & development
Wide product range
Strong presence in North America
Diversified Product Portfolio across Aerospace, Defense, and Industrial Markets
Strong Focus on Innovation and Technological Advancement

Weaknesses

Lack of presence in developing nations
Less presence in third world countries
Dependence on Defense Contracts and Government Spending
Limited Brand Awareness in Some Markets

Opportunities

Significant growth opportunity through tie-ups, mergers, and acquisitions
Significant growth opportunity through tie-ups and mergers & acquisitions
Growth opportunities in developing geographies
Growth in Aerospace and Defense Industries
Increasing Demand for Marine and Environmental Monitoring Solutions

Threats

Threat from competitors such as Lockheed Martin Corporation owing a large number of US Navy contracts
Technological advancements by competitors
Increasing competition
Economic and Political Uncertainty
Intense Competition from Rivals in the Aerospace and Defense Industry

Key Developments

Date	Approach	Development
February 2019	Contract	Teledyne Technologies Incorporated signed a contract with the UAE Navy to provide Teledyne Blueview imaging sonar.
February 2019	Contract	Teledyne Technologies Incorporated signed a contract with Ashtead Technology Ltd to provide RESON SeaBat T50-S IDH dual head subsea multibeam sonars.
August 2019	Contract	Teledyne Instruments, Inc., a subsidiary of Teledyne Technologies Incorporated, signed an ID/IQ contract amounting to USD 22 million with the US Naval Undersea Warfare Center to provide AUVs and related monitoring and communications acoustic systems.
February 2019	Product Launch	Teledyne Gavia, a subsidiary of Teledyne Technologies Inc., launched its 6,000-meter rated SeaRaptor AUV. It has enhanced Edgetech side-scan sonar with dynamic focus capability, an iXblue Phins 6K INS system, and a CathX camera and strobe system. With the launch of SeaRaptor AUV, it will cater to a number of customers in the global market.
September 2021	Product Launch	Teledyne e2v launched its Topaz series of industrial CMOS sensors with new 2MP and 1.5MP resolution devices. In addition to offering powerful solutions and enabling compact mobile designs, these new sensors use world-class global shutter pixel technology to deliver pixel sizes of 1920 x 1080 and 1920 x 800.
May 2021	Acquisition	Teledyne Technologies completed its acquisition of FLIR Systems, Inc., a company that specializes in thermal imaging and infrared cameras. This acquisition may have implications for Teledyne's maritime airborne sensor technology in the future.
Feb 2020	Product Development	Teledyne CARIS launched a new version of its flagship software product, CARIS Onboard, which includes support for automated data processing workflows from Teledyne's SeaRaptor multi-beam sonar system.
May 2018	Partnership	Teledyne Optech announced a partnership with an airborne survey company to conduct a coastal mapping project using Teledyne's CZMIL (Coastal Zone Mapping and Imaging Lidar) airborne sensor.

Product Offering

TELEDYNE TECHNOLOGIES INCORPORATED
- SeaBat IDH T20/50-R
- RESON TC 4032
- HydroSweep DS
- BlueView MB2250-N/W Multibeam Profiler Sonar
- BlueView MB1350-N/W Multibeam Profiler Sonar
- 3D Multibeam Scanning Sonar
- BlueView T2250-360 Tunnel Profiler
- PDS Search & recovery software
- Autonomous Underwater Vehicle (AUV)
- MEMS Sensors Market
- Global Maritime Airborne Sensor Market

Financial Performance

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