Teledyne FLIR To Supply Canadian Government More Than 800 Drones Worth CAD$95M For Ukraine
Portfolio Pulse from Benzinga Newsdesk
Teledyne FLIR, a subsidiary of Teledyne Technologies Incorporated, has secured a contract to supply the Canadian government with over 800 drones, valued at CAD$95 million, for use by Ukraine. This donation complements the unmanned systems and counter-drone technology that Ukraine forces are currently utilizing.
February 20, 2024 | 3:11 pm
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Teledyne Technologies, through its subsidiary Teledyne FLIR, has been awarded a CAD$95 million contract to provide more than 800 drones to the Canadian government for Ukraine, indicating a significant revenue opportunity and enhancement of its product portfolio in unmanned systems.
The contract to supply drones worth CAD$95 million to the Canadian government for Ukraine represents a substantial revenue opportunity for Teledyne Technologies. This deal not only boosts the company's financials but also strengthens its position in the unmanned systems market, potentially leading to a positive short-term impact on its stock price.
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