Offerings by Teledyne Technologies know no boundaries; they are critical to products that work on land, in the air, and under the sea. The company makes a slew of electronic components and subsystems, instruments, and communications equipment for both domestic and foreign commercial customers and US government customers. Its lineup ranges from digital imaging and software to data acquisition and communication tools for aircraft, monitoring and control devices for environmental, marine, and industrial projects, defense electronics, and energy generation, storage, and propulsion equipment.

Geographic Reach

Teledyne operates through more than 65 principal operating facilities across 18 states and international locations in Canada, the UK, The Netherlands, and Denmark. It generates about 77% of its net sales in the US.


Teledyne divides its operations across four segments: Instrumentation (47% of total sales), Aerospace and Defense Electronics (25%), Digital Imaging (17%), and Engineered Systems (11%).

Among its contract wins, Teledyne contributes to the US government's space program. The company has developed software and engineering equipment used in NASA's Space Shuttle program and International Space Station. Teledyne also heavily supports the US military in areas of air, missle, and naval defense. In the private sector, the company designs and manufactures marine instrumentation devices that help to locate oil and gas reserves beneath the ocean floor. Its products also are used to monitor a range of negative environmental conditions, as well as collect digital flight data on airplanes.

Sales and Marketing

The US government, its agencies, and defense and aerospace contractors account for almost 20% of sales. Other customers include airlines, industrial manufacturers, and oil and gas exploration and production companies. The company sells its products through an internal sales force, distributors, and commissioned sales representatives.

Financial Performance

Teledyne has experienced four straight years of impressive growth with revenues increasing 12% from $2.34 billion in 2013 to peak at a record-setting $2.39 billion in 2014. Its profits also increased 18% from $185 million in 2013 to $218 million in 2014 due to decreased cost of sales (mostly lower severance, pension, and facility consolidation expenses).

The historic growth for 2014 was sparked by a 9% rise in instrumentation segment sales which reflected incremental sales its marine instrumentation and environmental instrumentation product lines. In particular, Teledyne garnered additional sales from marine acoustic sensors in addition to interconnect systems. These product lines also grew from previous acquisitions.

Like its revenues, Teledyne's operating cash flow has trended upwards over the years. Cash flow jumped from $204 million in 2013 to $288 million in 2014 primarily due to changes in accrued pension obligations and an increase in accounts receivables.

Mergers and Acquisitions

Teledyne has achieved revenue milestones partly through the help of acquisitions. In early 2015, it acquired Bowtech Products Limited, a designer and manufacturer of harsh underwater environment vision systems. The deal will fill a product gap in marine technologies, adding optical underwater cameras to Teledyne's wide range of acoustic imaging and sonar products.

In late 2014, Teledyne snapped up Bolt Technology Corporation in a deal valued at $171 million. Bolt is a developer and manufacturer of marine seismic data acquisition equipment used for offshore oil and natural gas exploration. It also makes remotely operated robotic vehicles systems used for a variety of underwater tasks.

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1049 Camino Dos Rios
Thousand Oaks, CA 91360-2362
Phone: 1 (805) 373-4545


  • Employer Type: Public
  • Stock Symbol: TDY
  • Stock Exchange: NYSE
  • Chairman, President, and CEO: Robert Mehrabian
  • Chairman, President, and CEO: Robert Mehrabian
  • COO: Aldo Pichelli

Major Office Locations

  • Thousand Oaks, CA

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