Teledyne Brown Engineering Secures $114M Contract To Enhance Missile Defense Systems From The U.S. Army Space And Missile Defense Command
Portfolio Pulse from Benzinga Newsdesk
Teledyne Brown Engineering, a subsidiary of Teledyne Technologies (NYSE:TDY), has secured a $114 million contract from the U.S. Army Space and Missile Defense Command to enhance missile defense systems. The contract involves designing and launching ballistic target missiles and extends through March 2028.
August 23, 2024 | 12:10 pm
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Teledyne Technologies' subsidiary, Teledyne Brown Engineering, has been awarded a $114 million contract by the U.S. Army to enhance missile defense systems. This contract is significant for the company's defense segment and extends their work in this area through 2028.
The $114 million contract is a substantial addition to Teledyne's defense portfolio, likely boosting revenues and enhancing their reputation in the defense sector. The long-term nature of the contract (through 2028) provides stability and potential for future extensions or additional contracts.
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