About Teledyne Technologies

Teledyne Technologies Incorporated (Teledyne) provides enabling technologies for industrial growth markets that require advanced technology and high reliability. These markets include aerospace and defense, factory automation, air and water quality environmental monitoring, electronics design and development, oceanographic research, deepwater oil and gas exploration and production, medical imaging and pharmaceutical research. The company’s products include digital imaging sensors, cameras and systems within the visible, infrared and X-ray spectra, monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, aircraft information management systems, and defense electronics and satellite communication subsystems. The company also supplies engineered systems for defense, space, environmental and energy applications. Business Segments The company’s businesses are aligned in four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics and Engineered Systems. Digital Imaging Segment The company’s Digital Imaging segment includes high-performance sensors, cameras, and systems, within the visible, infrared, ultraviolet and X-ray spectra for use in industrial, scientific, government, space, defense, security, medical and other applications. The company also produces and provides manufacturing services for micro electromechanical systems (‘MEMS’) and high-performance, high-reliability semiconductors, including analog-to-digital and digital-to-analog converters, as well as unmanned aerial and ground systems. This segment also includes its customer- and the company-sponsored applied research center. Through this segment, the company provides visible spectrum sensors and digital cameras for industrial machine vision and automated quality control, as well as for medical, research and scientific applications. The company provides a range of cooled and uncooled infrared or thermal products, including sensors, camera cores and camera systems based on long wave infrared, mid-wave infrared, and short wave infrared technologies. Products and applications include space-based imaging, factory condition monitoring, optical and acoustic-based gas leak detection, laboratory research and maritime thermal imaging. The company develops high-resolution, low-dose X-ray sensors as well as high-power microwave and high-energy X-ray subsystems for medical, dental and industrial applications. The company also provides instruments for the measurement of physical properties and maritime products for recreational and commercial customers globally. The company provides research and engineering capabilities primarily in the areas of electronics, materials, optical systems, and information science to military, aerospace and industrial customers, as well as to various businesses throughout Teledyne. For defense applications, the company also develops and manufactures multi-spectrum electro-optic/infrared imaging systems and associated products, such as lasers, optics, and radars, CBRNE (‘Chemical, Biological, Radiological, Nuclear and Explosive detectors’) and unmanned air and ground systems. These sensors and instruments can be deployed as integrated solutions and with advanced target detection, identification and classification capabilities. The company provides solutions for threat protection, military maneuver and force protection, border controls and homeland security, law enforcement, public safety, and commercial applications worldwide. Instrumentation Segment The company’s Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, and electronic test and measurement equipment. The company also provides power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical, harsh environments. Below is a description of the product lines that comprise the Instrumentation segment. Marine Instrumentation The company offers a variety of products designed for use in harsh underwater environments, instruments that measure currents and other physical properties in the water column, systems that create acoustic images of objects beneath the water’s surface, including the bottom of a body of water, instruments for navigation and sensors that determine the geologic structure below the bottom. The company also designs and manufactures vehicles that utilize and transport these sensors over and beneath the water’s surface. The company provides a broad range of end-to-end undersea interconnect solutions to the offshore oil and gas, naval defense, oceanographic and telecom markets. The company manufactures subsea, wet-mateable electrical and fiber-optic interconnect systems and subsea pressure vessel penetrators and connector systems with glass-to-metal seals. The company’s waterproof and splash-proof neoprene and glass reinforced epoxy connectors and cable assemblies are used in underwater equipment, submerged monitoring systems and other industrial and defense applications. Other marine products used by the U.S. Navy and commercial customers include acoustic modems for networked underwater communication and optical underwater cameras and LED lighting sources. The company manufactures complete autonomous-operated underwater vehicles systems. Glider applications range from oceanographic research to persistent surveillance systems for the U.S. Navy. The company also designs and manufactures remotely operated underwater vehicles used in maritime security, military, search and rescue, aquaculture, and scientific research applications. Environmental Instrumentation The company offers a wide range of products used for environmental monitoring. The company’s instrumentation monitors trace levels of gases, such as sulfur dioxide, carbon monoxide, oxides of nitrogen and ozone, as well as particulate pollution, in order to measure the quality of the air. The company supplies monitoring systems for the detection, measurement and automated reporting of air pollutants from industrial stack emissions, ozone generators and other process gas monitoring instruments. The company also supplies water monitoring systems for wastewater monitoring and detection of water-borne pathogens and contaminants of concern. The company’s instrumentation is used to detect a variety of water quality parameters and in applications found in petrochemical and refinery facilities. The company also manufactures and provides complementary laboratory instrumentation, including through laboratory automation and sample introduction systems that automate the preparation and concentration of organic samples. The company’s advanced elemental analysis products are used by environmental and quality control laboratories to detect trace levels of inorganic contaminants in water, foods, soils and other environmental and geological samples. The company manufactures high-precision pumps utilized in a wide variety of analytical, research clinical, preparative and fluid-metering applications. In addition, the company manufactures liquid chromatography instruments and accessories for the purification of organic compounds, which include highly sensitive evaporative light scanning detectors, primarily for pharmaceutical laboratories involved in drug discovery and development. The company manufactures instruments that are used by pharmaceutical scientists to evaluate the release rate characteristics and physical properties of various dosage forms to ensure the safety and efficacy of medicines worldwide. Finally, the company manufactures fixed and portable industrial gas and flame detection instruments used in a variety of industries, including petrochemical, power generation, oil and gas, food and beverage, mining and wastewater treatment. Test and Measurement Instrumentation The company’s test and measurement products provide capabilities that enable the designers of complex electronic systems in many industry sectors to bring their products to market reliably and quickly. The company’s customers use its equipment in the design, development, manufacture, installation, deployment and operation of electronics equipment in a broad range of industries, including aerospace and defense, internet infrastructure, automotive, industrial, computer and semiconductor, consumer electronics mobile and power electronics. The company develops, manufactures, sells and licenses high-performance oscilloscopes, high-speed protocol analyzers, and related test and measurement solutions for a wide range of industries. The company’s oscilloscopes are used by designers and engineers to measure and analyze complex electronic signals to develop high-performance systems, validate high data-rate communication interfaces, qualify their electronic designs, and improve time-to-market. The company also makes high-speed, high-resolution modular analog-to-digital conversion systems for applications, including test and measurement, scientific instruments, medical imaging, and distributed sensing systems. Design and test engineers use the company’s protocol analysis solutions to monitor accurately and reliably high data-rate communication interfaces and diagnose operational problems in a wide range of systems and devices to ensure that they comply with industry standards, including in the areas of cloud computing, storage and networks. The company’s leadership in USB and video technologies provides a unique base to service the mobile, internet of things, automotive and consumer electronics test markets. The company also produces protocol validation and test tools for high-performance solid-state storage devices used in both enterprise-grade data centers and in consumer computing applications. The company’s recently introduced interposers and software options allow engineers to get a complete picture when testing the PCI Express interface standard by enabling a link between an oscilloscope and a protocol analyzer. The company also manufactures torque sensors and automatic data acquisition systems that are used to test critical control valves in nuclear power and industrial plants. The company’s torque sensors are also used in other markets, including automotive and power tools. Aerospace and Defense Electronics Segment The company’s Aerospace and Defense Electronics segment provides sophisticated electronic components and subsystems, data acquisition and communications components and equipment, harsh environment interconnects, general aviation batteries and other components for a variety of commercial and defense applications that require high performance and high reliability. Such applications include aircraft, radar, electronic countermeasures, weapon systems, space, wireless and satellite communications and terminals and test equipment. The company provides onboard avionics systems and ground-based applications that allow civil and military aircraft software operators to access, manage and utilize their data more efficiently. The company’s products include aircraft data and connectivity solutions, hardware systems, and software applications used by commercial airlines and the U.S. military, and the company provides services related to its products. Engineered Systems Segment The company’s Engineered Systems segment provides innovative systems engineering, integration and advanced technology development, and complex manufacturing solutions for defense, space, environmental and energy applications. This segment also designs and manufactures electrochemical energy systems and manufactures specialty electronics for demanding military applications. The company’s core business base includes National Aeronautics and Space Administration (‘NASA’), the U.S. Department of Defense, the U.S. Department of Energy, foreign militaries, and commercial customers. Customers The company has a broad and diversified customer base in the various markets the company serves. In 2023, the company sold products to customers in over 100 foreign countries. Approximately 90% of the company’s net sales to international customers during 2023 were made to customers in 30 foreign countries. In 2023, the top five countries for sales to international customers, ranked by net sales, were the United Kingdom, China, Japan, Germany and Norway; and represented approximately 21% of the company’s total net sales. The company’s principal U.S. Government customer is the U.S. Department of Defense. In 2023, the largest program with the U.S. Government within the Engineered Systems segment was the Marshall Operations, Systems, Services, and Integration II (‘MOSSI II’) contract with the NASA Marshall Space Flight Center, which represented approximately 17% of Engineered Systems net sales. Marketing The company conducts its marketing activities through a direct internal sales force, as well as third-party sales representatives and distributors. Several Teledyne businesses, including across the company’s segments, have been marketing and selling products collaboratively to similar customers. Research and Development and Bid and Proposal Costs The company’s selling, general and administrative expenses include research and development and bid and proposal costs, which are expensed as incurred and were $365.8 million in 2023. History Teledyne Technologies Incorporated was founded in 1960. The company, a Delaware company, was incorporated in 1999.