Teledyne Technologies Incorporated
Teledyne Technologies is a leading provider of sophisticated electronic components, instruments & communications products, including defense electronics, data acquisition & communications equipment for airlines and business aircraft, monitoring and control instruments for industrial and environmental applications and components, and subsystems for wireless and satellite communications. No matter what challenge you face, Teledyne has a solution. The diverse segments of Teledyne Technologies Incorporated bring decades of experience to bear on every project, working in cooperation to develop leading edge technologies. We serve niche market segments where performance, precision and reliability are critical. Our customers include major industrial and communications companies, government agencies, aerospace prime contractors and general aviation companies.
Teledyne provides enabling technologies for industrial growth markets. We have evolved from a company that was primarily focused on aerospace and defense to one that serves multiple markets that require advanced technology and high reliability. These markets include deepwater oil and gas exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging.
Our products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, digital imaging sensors and cameras, aircraft information management systems, and defense electronics and satellite communication subsystems. We differentiate ourselves from many of our direct competitors by having a customer and company sponsored applied research center that augments our product development expertise.
Our strategy continues to emphasize growth in our core markets of instrumentation, digital imaging, aerospace and defense electronics and engineered systems. Our core markets are characterized by high barriers to entry and include specialized products and services not likely to be commoditized. We intend to strengthen and expand our core businesses with targeted acquisitions and through product development. We aggressively pursue operational excellence to continually improve our margins and earnings. At Teledyne, operational excellence includes the rapid integration of the businesses we acquire.
Using complementary technology across our businesses and internal research and development, we seek to create new products to grow our company and expand our addressable markets.
Total sales in 2012 were $2.13 billion. Teledyne's operations are primarily located in the United States, Canada, the United Kingdom and Mexico.
In 1960 Dr. Henry Singleton and Dr. George Kozmetsky formed a company called Teledyne. Loosely translated, Teledyne means Power Through Communication. Teledyne was formed to capitalize on the coming revolution in which digital technology would replace analog devices and systems in everything we could touch and imagine.
Teledyne has evolved considerably over the years. Today, Teledyne includes a focused set of complementary, high-tech businesses.
Our Instrumentation segment provides precise monitoring and control instruments for marine, environmental, scientific and industrial applications, as well as harsh environment interconnect products.
Teledyne's Digital Imaging segment designs and manufactures high performance sensors and digital cameras for use in industrial, scientific and medical applications. This segment also provides digital imaging products for government and space applications, including infrared detectors, cameras and optomechanical assemblies.
Our Aerospace and Defense Electronics segment provides sophisticated electronic subsystems and communications products, including defense electronics, data acquisition and communications equipment for air transport and business aircraft, and components and subsystems for wireless and satellite communications.
Through our Engineered Systems segment, our engineers and scientists provide systems engineering and integration, software development, and manufacturing solutions to space, military, environmental, energy, chemical, biological and nuclear systems and missile defense requirements.
Teledyne Technologies has developed a number of competitive strengths as we have grown to become one of the leading developers of high technology product applications for the industries we serve.
Our competitive strengths include the following areas:
- Markets with Significant Barriers to Entry
- Product Innovation and Advanced Research and Development
- Highly Sophisticated Engineering Capabilities
- Widely-Recognized Name Brands
- Advanced Manufacturing Capabilities
- Established Customer and Regulatory Relationships
- Technically-Sophisticated Workforce and Extensive Intellectual Property
- Financial and Operating Discipline
- Invest in organic growth in imaging, instrumentation and electronics markets
- Strengthen and expand core business with targeted acquisitions
- Aggressively pursue operational excellence to continuously improve margins and earnings