Despite widespread defense cuts, industrial business drove record first-quarter sales and profits at Teledyne Technologies, prompting the Thousand Oaks-based industrial conglomerate to raise its full-year outlook.
Wes Bush, the CEO of Northrop Grumman, one of the nation’s largest defense contractors, praised Cal Poly San Luis Obispo for its ability to produce work-ready engineers and called on other CEOs to partner with the school and others like it.
Shares of defense and industrial conglomerate Teledyne Technologies sank 1.6 percent in midday trading on Thursday despite higher sales and profits from the Thousand Oaks-based firm.
Raytheon said Dec. 30 that it won a $70 million contract to produce radar jammers at one of its Goleta facilities to support foreign military sales to Morocco, Egypt and Iraq.
Cal Poly San Luis Obispo is rolling out a new Cybersecurity Center in collaboration with Northup Grumman and Raytheon with an eye toward training security experts for the defense industry and giving all of its engineering students a firmer grasp of how to make their creations secure against hackers.