Teledyne FLIR Defense Announces $91M Contract From US Army For Black Hornet 4 Nano-Drones
Portfolio Pulse from Benzinga Newsdesk
Teledyne FLIR Defense has secured a $91 million contract from the US Army to supply Black Hornet 4 nano-drones. This contract highlights the company's strong position in defense technology and its ongoing relationship with the US military.
October 22, 2024 | 11:26 am
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Teledyne Technologies, through its FLIR Defense division, has been awarded a $91 million contract by the US Army for Black Hornet 4 nano-drones. This contract is a significant boost to Teledyne's defense segment and showcases its technological capabilities.
The $91 million contract from the US Army is a substantial addition to Teledyne's revenue, particularly in its defense segment. This deal not only enhances its financial outlook but also solidifies its reputation and relationship with the US military, likely leading to positive investor sentiment and a short-term stock price increase.
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