Teledyne FLIR Defense Signs $31M Contract With Kongsberg Defence & Aerospace For C-UAS Systems For Ukraine
Portfolio Pulse from Happy Mohamed
Teledyne FLIR Defense, a subsidiary of Teledyne Technologies Incorporated (NYSE:TDY), has signed a $31 million contract with Kongsberg Defence & Aerospace to provide its Cerberus XL mobile counter-unmanned aerial system (UAS) for Ukraine. The deal includes delivery of the surveillance platforms, software, spares, support, and training. Kongsberg recently signed an agreement with the International Fund for Ukraine (IFU) to deliver counter-drone systems to Ukraine.
August 29, 2023 | 12:08 pm
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Teledyne Technologies' subsidiary, Teledyne FLIR Defense, has secured a $31 million contract to provide its counter-drone system to Ukraine. This could potentially boost the company's revenues and positively impact its stock price.
The $31 million contract is a significant deal for Teledyne Technologies and could lead to increased revenues for the company. This could potentially have a positive impact on the company's stock price in the short term. Furthermore, the company's involvement in defense and aerospace sectors could make it more attractive to investors interested in these industries.
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