Teledyne Technologies Incorporated (TDY) has received an average 'Buy' recommendation from brokers. It made significant business moves including the acquisition of
Micropac Industries for $57.3M, thereby extending its defense electronics portfolio, and the defense electronics unit from
Excelitas for $710M, boosting military tech portfolio. With this, it aims to develop its defense & healthcare businesses. Report indicates good financial performance with
Q3 2024 earnings revealing record sales. Noteworthy, TDY's vice chairman
Jason Vanwees and a few executives have sold their shares. However, JPMorgan Chase & Co. grew their stocks holdings in the company. The company's stock performance has attracted the attention of the market with stock peaking at $483.52
. TDY is also working on aerospace and defense electronics businesses. Their innovation includes advancing military sensor upgrades and an advanced counter-drone system. The firm secured a number of contracts, including a $91 million contract from the U.S. Army for Black Hornet 4 Nano-Drones, and a $114 million contract to enhance missile defense systems.
Teledyne Technologies Incorporated TDY News Analytics from Sun, 11 Sep 2022 07:00:00 GMT to Sat, 04 Jan 2025 09:50:24 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor 4
