Teledyne reports record sales for second quarter
Thousand Oaks-based tech giant Teledyne reported record sales for its second quarter, ended July 2, reaching $671.1 million and net income of $60.1 million, or $1.66 per diluted share. In addition to growth in all its major product lines — particularly its digital imaging segment, which saw an 89.6 percent increase to $188.5 million — Read More →
Teledyne subsidiary acquires Scientific Systems
Teledyne Instruments, an arm of Thousand Oaks-based aerospace and defense company Teledyne Technologies, announced that it would acquire Pennsylvania piston pump maker Scientific Systems, Inc. Teledyne is one of SSI’s larger customers, Teledyne President and CEO Robert Mehrabian said in a news release. “SSI will provide Teledyne greater access to life sciences customers and markets, Read More →
Our view: Vandenberg plays key role in keeping America safe
An apparently successful test of an anti-missile system over the Pacific Ocean on May 30 reminds us of the diverse role that Vandenberg Air Force Base plays in the space race. Vandenberg’s capacity for lofting commercial and military satellites into orbit has made it — along with Cape Canaveral — a favored spot for government-funded Read More →
Teledyne’s 2017 first quarter sales up but net income down
Thousand Oaks-based Teledyne Technologies on May 4 reported first quarter 2017 sales of $566.1 million, compared with sales of $530.5 million for the first quarter of 2016, an increase of 6.7 percent. Net income was $30.5 million or 84 cents per diluted share for the first quarter of 2017, compared with $39.0 million or $1.11 Read More →
Dubroff: Trump’s budget priorities will create tri-county winners, losers
A cardinal rule about covering politics these days is that it’s never too early to speculate. So, with the contours of the Trump administration’s approach to budgeting just coming to light, it seemed timely to begin to try to sort out winners and losers among major tri-county institutions. It’s way too early to predict what Read More →
Teledyne to provide electronics for mission to Jupiter
A French space agency awarded nearly $10 million to a subsidiary of Thousand Oaks-based Teledyne Technologies to provide infrared detectors and electronics for a mission to Jupiter. The Centre National d’Études Spatiales, or CNES, contracted with Teledyne Scientific & Imaging for the products, which are planned to equip a 2022 European Space Agency launch. Over Read More →
Teledyne Technologies reports decline in net income
Thousand-Oaks based Teledyne Technologies reported a drop in net income for its fiscal year 2016 over the prior year, with a 7 percent fourth quarter drop in sales to $552.9 million. Net income from continuing operations came to $192.9 million, or $5.43 per diluted share, compared to $198 million in 2015, while total sales fell Read More →
