Market Summary
USD407.26-7.62
Market Closed-1.84%
TDY Alerts
TDY Stock Price
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TDY Price/Sales (Trailing)
TDY Profitability
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Price Action
52 Week Range
325.00448.71
(Low)(High)
Last 7 days
-1.2%
Last 30 days
1.6%
Last 90 days
2.9%
Trailing 12 Months
18.1%
TDY Financial Health
TDY Investor Care
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Net sales
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Latest Insider Trading transactions for TDY
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-14 | VON SCHACK WESLEY W | sold | -155,025 | 412 | -376 | - |
2023-09-12 | Sherburne Jane Cecile | sold | -813,540 | 406 | -2,000 | - |
2023-09-12 | Sherburne Jane Cecile | acquired | 182,400 | 91.2 | 2,000 | - |
2023-09-01 | Cibik Melanie Susan | sold | -5,491,250 | 422 | -13,000 | sr.vp, gencounsel, cco & sec. |
2023-09-01 | MAIN SUE | sold | -323,616 | 420 | -770 | senior vp & cfo |
2023-09-01 | MAIN SUE | acquired | 95,002 | 123 | 770 | senior vp & cfo |
2023-09-01 | Cibik Melanie Susan | acquired | 1,603,940 | 123 | 13,000 | sr.vp, gencounsel, cco & sec. |
2023-08-31 | MAIN SUE | acquired | 1,138,800 | 123 | 9,230 | senior vp & cfo |
2023-08-31 | MAIN SUE | sold | -3,877,720 | 420 | -9,230 | senior vp & cfo |
2023-08-29 | MEHRABIAN ROBERT | acquired | 4,287,920 | 94.24 | 45,500 | chairman, president and ceo |
Which funds bought or sold TDY recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 509,580 | 509,580 | -% |
2023-09-20 | BARCLAYS PLC | added | 33.51 | 6,410,000 | 34,670,000 | 0.02% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | -1,414 | 16,033 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -472 | 5,344 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 2,878 | 2,878 | -% |
2023-09-05 | Covenant Partners, LLC | added | 3.12 | -16,548 | 299,288 | 0.11% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 560,341 | 560,341 | 0.10% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -47,125 | 534,443 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -984,192 | - | -% |
2023-08-22 | US Asset Management LLC | unchanged | - | -30,000 | 342,000 | 0.36% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
TDY Alerts
Schedule 13G FIlings of Teledyne Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 12.5% | 5,876,353 | SC 13G/A | |
| Feb 14, 2023 | t. rowe price investment management, inc. | 5.8% | 2,717,685 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 11.31% | 5,301,284 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.7% | 3,613,325 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 12.7% | 5,952,763 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 8.3% | 3,887,842 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 14.0% | 5,197,466 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.46% | 3,856,191 | SC 13G/A | |
| Feb 01, 2021 | blackrock inc. | 9.1% | 3,356,246 | SC 13G/A | |
| Jul 10, 2020 | vanguard group inc | 10.78% | 3,951,752 | SC 13G/A |
Recent SEC filings of Teledyne Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 12, 2023 | 4 | Insider Trading | |
| Sep 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 31, 2023 | 144/A | 144/A | |
| Aug 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 31, 2023 | 144 | Notice of Insider Sale Intent |
TDY Fair Value
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Peers (Alternatives to Teledyne Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
LMT | 128.3B | 67.4B | -8.47% | -0.04% | 22.39 | 1.94 | 5.03% | 50.05% |
BA | 123.5B | 73.6B | -11.02% | 51.44% | -29.91 | 1.75 | 21.18% | 15.27% |
NOC | 64.6B | 37.9B | -0.93% | -10.83% | 13.89 | 1.7 | 8.36% | -18.06% |
TDY | 19.2B | 5.6B | 1.55% | 18.06% | 24.94 | 3.43 | 4.20% | 13.08% |
ACM | 11.3B | 14.0B | -5.63% | 19.85% | 83.58 | 0.81 | 6.78% | -55.03% |
| MID-CAP | ||||||||
HEI | 8.6B | 2.6B | -4.14% | 9.50% | 21.67 | 3.26 | 25.29% | 16.69% |
BWXT | 6.8B | 2.3B | 2.97% | 48.34% | 30.33 | 2.92 | 7.03% | -27.80% |
SPR | - | 5.4B | -27.12% | -37.29% | - | - | 20.31% | -109.88% |
| SMALL-CAP | ||||||||
PSN | 2.4B | 4.8B | -2.58% | 39.36% | 18.66 | 0.5 | 23.36% | 44.91% |
VEC | 1.3B | 3.9B | - | - | -91.09 | 0.45 | 110.41% | -239.47% |
SPCE | 548.9M | 3.9M | -33.86% | -65.50% | -0.93 | 140.78 | 14.78% | -77.24% |
TGI | 511.4M | 1.4B | -17.16% | -15.11% | 6.25 | 0.38 | -3.95% | 459.45% |
VTSI | 65.2M | 33.9M | -4.34% | 0.85% | 14.29 | 1.92 | 15.02% | 67.81% |
AIR | - | 2.0B | 1.42% | 73.69% | - | - | 9.37% | 14.61% |
Teledyne Tech News
Returns for TDY
Cumulative Returns on TDY
17.2%
10-Year Cumulative Returns
21.2%
7-Year Cumulative Returns
11.3%
5-Year Cumulative Returns
10.0%
3-Year Cumulative Returns
Risks for TDY
What is the probability of a big loss on TDY?
57.7%
Probability that Teledyne Tech stock will be more than 20% underwater in next one year
29.2%
Probability that Teledyne Tech stock will be more than 30% underwater in next one year.
18.1%
Probability that Teledyne Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TDY drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Teledyne Tech was unfortunately bought at previous high price.
Drawdowns
Financials for Teledyne Tech
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.2% | 5,590 | 5,521 | 5,459 | 5,416 | 5,364 | 5,130 | 4,614 | 4,048 | 3,485 | 3,107 | 3,086 | 3,111 | 3,164 | 3,203 | 3,164 | 3,078 | 3,001 | 2,951 | 2,902 | 2,858 | 2,795 |
| Costs and Expenses | 0.9% | 4,572 | 4,530 | 4,487 | 4,523 | 4,527 | 4,417 | 3,990 | 3,475 | 2,979 | 2,596 | 2,606 | 2,641 | 2,688 | 2,705 | 2,672 | 2,609 | 2,555 | 2,526 | 2,485 | 2,458 | 2,411 |
| S&GA Expenses | 2.3% | 1,192 | 1,166 | 1,157 | 1,161 | 1,157 | 1,191 | 1,068 | 940 | 819 | 661 | 681 | 705 | 732 | 756 | 752 | 734 | 722 | 709 | 694 | 689 | 680 |
| EBITDA | -100.0% | - | 1,344 | 1,330 | 1,303 | 1,286 | 1,156 | 1,010 | 853 | 689 | 633 | 601 | 592 | 595 | 615 | 607 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.24* | 0.24* | 0.24* | 0.24* | 0.23* | 0.22* | 0.21* | 0.20* | 0.20* | 0.19* | 0.19* | 0.19* | 0.19* | 0.19* | - | - | - | - | - | - |
| Interest Expenses | -0.2% | 88.00 | 88.00 | 89.00 | 90.00 | 92.00 | 91.00 | 91.00 | 84.00 | 64.00 | 47.00 | 15.00 | 17.00 | 18.00 | 20.00 | 21.00 | 22.00 | 22.00 | 24.00 | - | 26.00 | 29.00 |
| Earnings Before Taxes | 1.4% | 942 | 929 | 908 | 828 | 765 | 636 | 534 | 502 | 454 | 470 | 470 | 458 | 462 | 482 | 474 | 451 | 428 | 405 | 394 | 375 | 357 |
| EBT Margin | -100.0% | - | 0.17* | 0.17* | 0.15* | 0.14* | 0.12* | 0.12* | 0.12* | 0.13* | 0.15* | 0.15* | 0.15* | 0.15* | 0.15* | 0.15* | - | - | - | - | - | - |
| Net Income | 1.9% | 769 | 755 | 789 | 724 | 680 | 573 | 445 | 416 | 375 | 404 | 402 | 386 | 398 | 409 | 402 | 378 | 361 | 343 | 334 | 310 | 289 |
| Net Income Margin | -100.0% | - | 0.14* | 0.14* | 0.13* | 0.13* | 0.11* | 0.10* | 0.10* | 0.11* | 0.13* | 0.13* | 0.12* | 0.13* | 0.13* | 0.13* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 811 | 394 | 452 | 364 | 378 | 723 | 678 | 650 | 599 | 548 | 475 | 465 | 391 | 394 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.9% | 14,156 | 14,429 | 14,354 | 13,826 | 14,048 | 14,251 | 14,430 | 14,448 | 14,223 | 7,618 | 5,085 | 4,837 | 4,738 | 4,585 | 4,580 | 4,480 | 4,200 | 4,162 | 3,809 | 3,913 | 3,883 |
| Current Assets | -8.4% | 2,641 | 2,882 | 2,818 | 2,519 | 2,337 | 2,337 | 2,429 | 2,535 | 2,651 | 4,281 | 1,723 | 1,535 | 1,484 | 1,364 | 1,314 | 1,238 | 1,161 | 1,118 | 1,114 | 1,110 | 1,078 |
| Cash Equivalents | -45.2% | 364 | 665 | 638 | 479 | 279 | 284 | 475 | 552 | 695 | 3,234 | 673 | 455 | 383 | 231 | 200 | 129 | 108 | 106 | 143 | 126 | 101 |
| Inventory | 2.0% | 971 | 952 | 891 | 834 | 822 | 801 | 753 | 833 | 867 | 328 | 347 | 365 | 392 | 401 | 393 | 404 | 390 | 393 | 364 | 378 | 380 |
| Net PPE | - | - | - | - | - | - | - | - | 858 | 873 | 485 | 489 | 476 | 475 | 476 | 488 | 468 | 451 | 451 | 443 | 446 | 446 |
| Goodwill | 0.2% | 7,944 | 7,926 | 7,873 | 7,718 | 5,940 | 7,977 | 7,987 | 7,900 | 7,516 | 2,140 | 2,150 | 2,091 | 2,061 | 2,054 | 2,051 | 2,008 | 1,888 | 1,885 | 1,735 | 1,756 | 1,759 |
| Liabilities | -8.0% | 5,573 | 6,060 | 6,181 | 6,135 | 6,186 | 6,419 | 6,808 | 7,031 | 6,911 | 4,282 | 1,856 | 1,811 | 1,858 | 1,832 | 1,865 | 1,909 | 1,727 | 1,812 | 1,580 | 1,696 | 1,780 |
| Current Liabilities | 9.8% | 1,634 | 1,488 | 1,523 | 1,419 | 1,403 | 1,408 | 1,498 | 1,422 | 1,053 | 652 | 761 | 671 | 752 | 760 | 763 | 836 | 711 | 724 | 721 | 588 | 549 |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 612 | 823 | 940 |
| LT Debt, Current | 50.0% | 450 | 300 | 300 | 300 | 300 | 300 | - | - | - | - | 98.00 | 26.00 | 101 | 101 | 101 | 206 | 136 | 132 | 137 | - | - |
| LT Debt, Non Current | -17.5% | 2,903 | 3,520 | 3,621 | 3,618 | 3,646 | 3,832 | 4,099 | 4,442 | 4,742 | 3,243 | 681 | 761 | 751 | 749 | 750 | 719 | 656 | 610 | 610 | - | - |
| Shareholder's Equity | 2.5% | 8,579 | 8,366 | 8,169 | 7,689 | 7,862 | 7,832 | 7,622 | 7,417 | 7,312 | 3,336 | 3,229 | 3,026 | 2,880 | 2,753 | 2,715 | 2,571 | 2,473 | 2,350 | 2,230 | 2,217 | 2,103 |
| Retained Earnings | 3.9% | 4,926 | 4,741 | 4,562 | 4,335 | 4,157 | 3,986 | 3,773 | 3,611 | 3,477 | 3,413 | 3,328 | 3,196 | 3,102 | 3,008 | 2,926 | 2,810 | 2,704 | 2,599 | 2,524 | 2,433 | 2,295 |
| Additional Paid-In Capital | 0.2% | 4,371 | 4,361 | 4,353 | 4,341 | 4,334 | 4,325 | 4,317 | 4,308 | 4,297 | 398 | 390 | 383 | 376 | 371 | 361 | 357 | 352 | 350 | 344 | 338 | 337 |
| Accumulated Depreciation | 3.3% | 905 | 876 | 848 | 831 | 819 | 803 | 743 | 749 | 710 | 685 | 673 | 673 | 654 | 634 | 624 | 609 | 595 | 580 | 566 | 556 | 558 |
| Shares Outstanding | 0.1% | 47.00 | 47.00 | 47.00 | 47.00 | 47.00 | 47.00 | 47.00 | 47.00 | 43.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -0.7% | 900 | 907 | 487 | 545 | 469 | 483 | 825 | 765 | 723 | 667 | 619 | 550 | 551 | 478 | 482 | 440 | 431 | 455 | 447 | 448 | 414 |
| Cashflow From Investing | -5.1% | -244 | -232 | -175 | -97.80 | -97.90 | -3,826 | -3,824 | -3,808 | -3,795 | -67.90 | -99.40 | -105 | -376 | -377 | -571 | -569 | -303 | -312 | -88.60 | -84.90 | -111 |
| Cashflow From Financing | -121.6% | -567 | -256 | -110 | -455 | -754 | 396 | 2,807 | 3,131 | 3,362 | 2,382 | -61.80 | -120 | 105 | 27.00 | 142 | 136 | -115 | -104 | -271 | -312 | -276 |
TDY Income Statement
2023-07-02CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 02, 2023 | Jul. 03, 2022 | Jul. 02, 2023 | Jul. 03, 2022 | |
| Income Statement [Abstract] | ||||
| Net sales | $ 1,424.7 | $ 1,355.8 | $ 2,808.0 | $ 2,676.8 |
| Costs and expenses | ||||
| Cost of sales | 806.3 | 788.6 | 1,597.0 | 1,541.2 |
| Selling, general and administrative | 313.0 | 286.4 | 613.4 | 577.7 |
| Acquired intangible asset amortization | 49.3 | 51.3 | 99.0 | 104.9 |
| Total costs and expenses | 1,168.6 | 1,126.3 | 2,309.4 | 2,223.8 |
| Operating income (loss) | 256.1 | 229.5 | 498.6 | 453.0 |
| Interest and debt income (expense), net | (22.3) | (22.5) | (43.3) | (44.8) |
| Gain (loss) on debt extinguishment | 1.6 | 10.6 | 1.6 | 10.6 |
| Non-service retirement benefit income (expense), net | 2.9 | 2.9 | 6.2 | 5.7 |
| Other income (expense), net | (3.4) | 1.0 | (4.5) | 0.0 |
| Income (loss) before income taxes | 234.9 | 221.5 | 458.6 | 424.5 |
| Provision (benefit) for income taxes | 49.4 | 50.2 | 94.3 | 40.6 |
| Net income (loss) including noncontrolling interest | 185.5 | 171.3 | 364.3 | 383.9 |
| Less: Net income (loss) attributable to noncontrolling interest | 0.2 | 0.0 | 0.3 | 0.0 |
| Total | $ 185.3 | $ 171.3 | $ 364.0 | $ 383.9 |
| Basic earnings per common share (in USD per share) | $ 3.94 | $ 3.66 | $ 7.74 | $ 8.20 |
| Weighted average common shares outstanding (in shares) | 47.0 | 46.8 | 47.0 | 46.8 |
| Diluted earnings per common share (in USD per share) | $ 3.87 | $ 3.59 | $ 7.60 | $ 8.05 |
| Weighted average diluted common shares outstanding (in shares) | 47.9 | 47.7 | 47.9 | 47.7 |
TDY Balance Sheet
2023-07-02CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jul. 02, 2023 | Jan. 01, 2023 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 364.2 | $ 638.1 |
| Accounts receivable, net | 859.4 | 883.7 |
| Unbilled receivables, net | 305.4 | 274.7 |
| Inventories, net | 970.6 | 890.7 |
| Prepaid expenses and other current assets | 141.1 | 130.7 |
| Total current assets | 2,640.7 | 2,817.9 |
| Property, plant and equipment, net of accumulated depreciation and amortization of $905.1 at July 2, 2023 and $847.8 at January 1, 2023 | 766.0 | 769.8 |
| Goodwill | 7,943.8 | 7,873.0 |
| Acquired intangibles, net | 2,349.7 | 2,440.6 |
| Prepaid pension assets | 186.1 | 178.4 |
| Other assets, net | 270.0 | 274.3 |
| Total Assets | 14,156.3 | 14,354.0 |
| Current Liabilities | ||
| Accounts payable | 459.4 | 505.7 |
| Accrued liabilities | 724.0 | 717.6 |
| Current portion of long-term debt | 450.1 | 300.1 |
| Total current liabilities | 1,633.5 | 1,523.4 |
| Long-term debt, net of current portion | 2,903.2 | 3,620.5 |
| Long-term deferred tax liabilities | 462.3 | 490.0 |
| Other long-term liabilities | 574.4 | 547.2 |
| Total Liabilities | 5,573.4 | 6,181.1 |
| Commitments and contingencies | ||
| Redeemable Noncontrolling Interest | 3.9 | 3.7 |
| Stockholders’ Equity | ||
| Preferred stock, $0.01 par value; outstanding shares - none | 0.0 | 0.0 |
| Common stock, $0.01 par value; authorized 125,000,000 shares; issued shares: 47,194,766 at July 2, 2023 and 47,194,766 at January 1, 2023; outstanding shares: 47,070,900 at July 2, 2023 and 46,912,635 at January 1, 2023 | 0.5 | 0.5 |
| Additional paid-in capital | 4,371.2 | 4,353.4 |
| Retained earnings | 4,925.8 | 4,561.8 |
| Treasury stock, 123,866 shares at July 2, 2023 and 282,131 shares at January 1, 2023 | (6.5) | (20.0) |
| Accumulated other comprehensive income (loss) | (712.0) | (726.5) |
| Total Stockholders’ Equity | 8,579.0 | 8,169.2 |
| Total Liabilities, Redeemable Noncontrolling Interest and Stockholders' Equity | $ 14,156.3 | $ 14,354.0 |
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks. Its Digital Imaging segment provides visible spectrum sensors and digital cameras for industrial machine vision and automated quality control, as well as for medical, research, and scientific applications; and infrared and X-ray spectra for use in industrial, government, and medical applications, as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters. This segment also offers thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions. The company's Aerospace and Defense Electronics segment provides electronic components and subsystems, as well as communications products, such as defense electronics, environment interconnects, data acquisition and communications equipment for aircraft, components and subsystems for wireless and satellite communications, and general aviation batteries. Its Engineered Systems segment offers systems engineering and integration, technology development, and manufacturing solutions for defense, space, environmental, and energy applications; and designs and manufactures electrochemical energy systems and electronics for military applications. The company markets and sells its products and services through a direct internal sales force, as well as third-party sales representatives and distributors. Teledyne Technologies Incorporated was founded in 1960 and is headquartered in Thousand Oaks, California.