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News

News Archives: 2011 | 2010 | | 2009 | 2006 - 2008 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999

Teledyne Brown and Rheinmetall Alliance Targets U.S. Unmanned Aerial Vehicles (UAVs) Market

HUNTSVILLE, Ala. (November 29, 2004) - Teledyne Brown Engineering, Inc. (TBE) and Rheinmetall Defence Electronics GmbH have formed a groundbreaking alliance to market a family of unmanned aerial vehicles (UAVs) to the U.S. government. Read more.

Teledyne Technologies Reports Third Quarter Results

Teledyne Technologies today reported third quarter 2004 sales of $270.0 million, compared with sales of $215.7 million for the same period in 2003. Net income for the third quarter of 2004 was $12.5 million ($0.37 per diluted share), compared with net income of $9.9 million ($0.30 per diluted share) in the third quarter of 2003. Net income for the third quarter of 2003 was $7.5 million excluding a $2.4 million income tax benefit that resulted from the reversal of an income tax contingency reserve. Net income for the third quarter of 2004 included pretax pension expense of $2.2 million, compared with pretax pension expense of $1.7 million for the same period of 2003. Read more.

Teledyne Acquires Defense Assets of Celeritek, Inc.

LOS ANGELES, Calif. and Santa Clara, Calif. - October 22, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) and Celeritek, Inc. (Nasdaq:CLTK) jointly announced today that Teledyne, through its subsidiary Teledyne Wireless, Inc., has completed the acquisition of Celeritek's defense electronics business for $33.0 million in cash. Celeritek's shareholders approved the asset sale at Celeritek's annual meeting held on October 21, 2004. Read more.

Teledyne Technologies Announces Third Quarter 2004 Earnings Webcast Details

LOS ANGELES - Oct. 14, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) will hold a conference call to discuss its third quarter 2004 results on Thursday, Oct. 28, 2004, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time. A press release with the quarter's financial results will be issued before the market opens on Thursday, Oct. 28, 2004. Read more.

Teledyne Microelectronic Technologies to Co-Sponsor Windhover Information and Medtech Insight's "Investment In Innovation'' Conference

Oct. 4, 2004 -- Teledyne Microelectronic Technologies, a Teledyne Technologies Company (NYSE:TDY - News), with headquarters in Los Angeles, CA has announced its sponsorship of the "Investment In Innovation (In3): A Preview of Early-Stage Medical Technology Companies" conference in Boston. Read more.

Teledyne Technologies to Present at the Banc of America Securities Investment Conference

LOS ANGELES - September 21, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced that Robert Mehrabian, chairman, president and chief executive officer, and Jason VanWees, director of corporate development and investor relations, will make a presentation at the Banc of America Securities 34th Annual Investment Conference on Thursday, September 23, at 9:30 a.m. (Pacific) at The Ritz-Carlton Hotel in San Francisco, Calif. Read more.

Teledyne Brown Engineering Awarded Future Combat Systems (FCS) Subcontract for $1.5 Million

HUNTSVILLE, Alabama (September 10, 2004) - Teledyne Brown Engineering, Inc. (TBE) today announced it was awarded a $1.5 million subcontract from Lockheed Martin [NYSE: LMT] to help develop and demonstrate a Multifunction Utility/Logistics and Equipment Vehicle (MULE) for the U.S. Army's Future Combat Systems (FCS) program. As part of the subcontract, Teledyne Brown will use its expertise in modeling and simulation in support of Lockheed Martin's development, demonstration, validation and verification of systems level planning, activities, accreditation, and documentation on the MULE. Read more.

Teledyne Awarded Chemical And Biological Defense Services Contract

LOS ANGELES - August 30, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Brown Engineering, Inc., is among a team of companies that has been awarded an engineering services contract from the U.S. Army Edgewood Chemical Biological Center (ECBC) in Edgewood, MD. This multiple award ID/IQ contract is for a five-year term and has a $100 million ceiling. Read more.

Teledyne Technologies Reports Second Quarter Results

LOS ANGELES - July 29, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) Teledyne Technologies today reported second quarter 2004 sales of $238.9 million, compared with sales of $205.4 million for the same period in 2003. Net income for the second quarter of 2004 was $9.9 million ($0.30 per diluted share), compared with net income of $6.5 million ($0.20 per diluted share) in the second quarter of 2003. Net income for the second quarter of 2004 included pretax pension expense of $2.2 million, compared with pretax pension expense of $1.7 million for the same period of 2003. Read more.

Teledyne Technologies Appoints Simon M. Lorne to Board of Directors

LOS ANGELES - July 28, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Simon M. Lorne, vice chairman and chief legal officer of Millenium Partners joined Teledyne Technologies' board of directors. The addition of Lorne raises the number of board members to nine. Lorne will serve on Teledyne's audit and nominating and governance committees. Read more.

Airbus Selects Teledyne as Sole Supplier for On-board Information Terminal (OIT) on A320/330/340 Aircraft Families

LOS ANGELES - July 20, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Controls has been selected by Airbus as the sole supplier of their On-board Information Terminal (OIT) hardware on the A320 and A330/340 aircraft families. This Electronic Flight Bag (EFB) solution, part of Airbus In Flight Information System (AFIS), will be available for new and retrofit Single Aisle and Long Range aircraft installations. Read more.

Teledyne Technologies Announces Second Quarter 2004 Earnings Webcast Details.

LOS ANGELES - July 14, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) will hold a conference call to discuss its second quarter 2004 results on Thursday, July 29, 2004, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time. A press release with the quarter's financial results will be issued before the market opens on Thursday, July 29, 2004. Read more.

Teledyne Enters Agreement to Acquire Defense Assets of Celeritek, Inc.

LOS ANGELES, Calif. and SANTA CLARA, Calif. - July 8, 2004 -Teledyne Technologies Incorporated (NYSE:TDY) and Celeritek, Inc. (Nasdaq:CLTK) jointly announced today that Teledyne, through its subsidiary Teledyne Wireless, Inc., has entered into an agreement to acquire Celeritek's defense electronics business for $33.0 million in cash. Celeritek's defense electronics business designs and manufactures gallium arsenide-based RF and microwave components and subassemblies for electronic warfare, radar and other military applications. Read more.

Teledyne Completes Acquisition of Reynolds Industries, Incorporated

LOS ANGELES -- July 2, 2004 -- Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Investment, Inc., has completed the acquisition of Reynolds Industries, Incorporated for $41.5 million. Reynolds Industries is a leading supplier of specialized high voltage connectors and subassemblies for defense, aerospace and industrial applications, as well as unique pilot helmet mounted display components and subsystems. Reynolds Industries, Incorporated had sales of approximately $35 million for its fiscal year ended April 30, 2004. Following the acquisition, the business will operate as Teledyne Reynolds, Inc. Read more.

Teledyne Brown Names Gradkowski Vice-President

HUNTSVILLE, Ala. (July 1, 2004) - Teledyne Brown Engineering, Inc. (TBE) announced today that Mark Gradkowski has been promoted to vice president of its Environmental Division. Gradkowski has served as Director of Environmental since 2002. Read more.

Isco Shareholders Approve Acquisition By Teledyne

LOS ANGELES, Calif. and LINCOLN, Neb., June 15, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) and Isco, Inc. (Nasdaq:ISKO) jointly announced today that at a special meeting of shareholders held earlier that day, shareholders of Isco, Inc. voted to approve the sale of Isco to Teledyne. Isco shareholders approved and adopted the Agreement and Plan of Merger (the "Merger Agreement"), dated April 7, 2004, by and among Isco, Teledyne and Meadow Merger Sub Inc. and the transactions contemplated by the Merger Agreement. Read more.

Teledyne Enters Agreement to Acquire Reynolds Industries, Incorporated

LOS ANGELES - May 18, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that a subsidiary, Teledyne Investment, Inc., has entered into an agreement to acquire Reynolds Industries, Incorporated for $41.5 million. The transaction is expected to close on or about July 2, 2004, and is subject to customary closing conditions. Read more.

Teledyne Technologies To Hold Investor Meetings

LOS ANGELES - May 17, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced that Robert Mehrabian, chairman, president and chief executive officer, and Jason VanWees, director of corporate development and investor relations, will be holding investor meetings on May 19 in New York and on May 20 in Boston. Read more.

Teledyne Microelectronic Technologies to Co-Sponsor Medtech Insight's "Investment In Innovation" Conference

LOS ANGELES - May 17, 2004 - Teledyne Microelectronic Technologies, a Teledyne Technologies Company (NYSE:TDY - News), with headquarters in Los Angeles, CA has announced its sponsorship of the "Investment In Innovation (In3): A Preview of Early-Stage Medical Technology Companies" conference in San Francisco. Read more.

Teledyne Technologies Wins $2.4 Million Air Force Contract

LOS ANGELES--(BUSINESS WIRE)--May 17, 2004--Teledyne Technologies Incorporated (NYSE:TDY - News) announced today that Teledyne Electronic Safety Products has been awarded a $2.4 million contract by the Naval Inventory Control Point (NAVICP) in Mechanicsburg, Pa. The contract is to supply 504 ACES II Recovery Sequencers in support of U.S. Air Force F-22, F-15, F-16, and B1-B aircraft. The contract is for 12 months. Read more.

Teledyne Brown Engineering President To Receive Prestigious Medaris Awards

HUNTSVILLE, Ala. (April 29, 2004) - The National Defense Industrial Association (NDIA) Tennessee Valley Chapter will present James M. Link, president, Teledyne Brown Engineering, Inc. (TBE) with their prestigious Medaris Award during an awards ceremony tonight at the Huntsville Marriott. Link is the second Teledyne Brown executive to receive the award. Former TBE president Joe Moquin received the honor in 1984. Read more.

Teledyne Technologies Reports First Quarter Results

Teledyne Technologies today reported first quarter 2004 sales of $219.6 million, compared with sales of $197.2 million for the same period in 2003. Net income for the first quarter of 2004 was $5.9 million ($0.18 per diluted share), compared with net income of $5.5 million ($0.17 per diluted share) in the first quarter of 2003. Read more.

Teledyne Technologies To Hold Investor Meetings

LOS ANGELES - April 27, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced that Robert Mehrabian, chairman, president and chief executive officer, and Jason VanWees, director of corporate development and investor relations, will be holding investor meetings on April 29 in San Francisco and on April 30 in San Diego. Read more.

Teledyne Technologies to Present at the Sidoti & Company, LLC Institutional Investor Forum

LOS ANGELES - April 19, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced that Jason VanWees, director of corporate development and investor relations, will make a presentation at the Sidoti & Company, LLC Eighth Annual Emerging Growth Institutional Investor Forum on Wednesday, April 21, at 4:35 p.m. (Eastern) at the Grand Hyatt Hotel in New York City. Read more.

Teledyne Technologies Announces First Quarter 2004 Earnings Webcast Details

LOS ANGELES - April 19, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) will hold a conference call to discuss its first quarter 2004 results on Wednesday, April 28, 2004, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time. A press release with the quarter's financial results will be issued before the market opens on Wednesday, April 28, 2004. Read more.

Isco and Teledyne Combine to Create Significant Instrumentation Growth Platform

LOS ANGELES, Calif. and LINCOLN, Neb., April 8, 2004 -- Teledyne Technologies Incorporated (NYSE:TDY) and Isco, Inc. (Nasdaq:ISKO) jointly announced today that they have signed a definitive agreement which provides for the merger of Isco, Inc. with a wholly-owned subsidiary of Teledyne Technologies Incorporated. Upon the consummation of the merger, which is subject to the approval of Isco's shareholders as well as other customary closing conditions, Teledyne will acquire all of the outstanding shares of Isco for $16.00 per share in cash. Read more.

Teledyne Names Sue Main Vice President and Controller

LOS ANGELES - March 26, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Sue Main has joined the Company as vice president and controller effective March 29, 2004. Read more.

Five Teledyne Brown Employees Presented Coveted NASA Silver Snoopy Awards

HUNTSVILLE, Ala. (March 16, 2004) - Teledyne Brown Engineering, Inc. (TBE) announced that five employees were presented with the coveted NASA Silver Snoopy award for their outstanding performance and contribution to flight safety and mission success. Read more.

Teledyne Brown Engineering, Inc. Wins Contractor Excellence Award

HUNTSVILLE, Ala. - March 11, 2004 - Teledyne Brown Engineering, Inc. (TBE) announced today that it has been recognized by the NASA Marshall Space Flight Center (MSFC) for the 2003 Contractor Excellence Award in the Large Business/Service Category. Read more.

Teledyne Awarded Contracts by BAE Systems for F/A-22 Raptor

LOS ANGELES - March 3, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced today announced that Teledyne Microelectronics has been awarded two contracts totaling $2.5 million by BAE Systems to supply solid state relays and solid state input and output switches for the Vehicle Management System and the Stores Management System used on the U.S. Air Force F/A-22 Raptor air dominance fighter, the world's first truly stealth, multi-mission combat aircraft. Read more.

Teledyne Technologies to Present at the Raymond James Institutional Investors Conference

LOS ANGELES - March 1, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced that Robert Mehrabian, chairman, president and chief executive officer, and Jason VanWees, director of corporate development and investor relations, will make a presentation at the Raymond James 25th Annual Institutional Investors Conference on Wednesday, March 3, at 9:50 a.m. (Eastern) at the Hyatt Regency Grand Cypress in Orlando, Florida. Read more.

Teledyne Acquires Leeman Labs

LOS ANGELES - February 27, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Tekmar Company has acquired assets of Leeman Labs, Inc., for $8 million. Leeman Labs product lines augment Teledyne's existing laboratory and continuous monitoring instruments used in environmental applications. Leeman Lab's inductively coupled plasma laboratory instruments are used by environmental laboratories to detect low levels of inorganic contaminants in water and other environmental samples, and complement Teledyne Tekmar's organic analysis instrumentation. Read more.

Teledyne Enters Agreement to Acquire Leeman Labs

LOS ANGELES - February 5, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Tekmar Company has entered into an agreement to acquire assets of Leeman Labs, Inc., for $8 million. The transaction is expected to close on or about February 27, 2004. The transaction is subject to customary closing conditions. Leeman Labs' product lines would augment Teledyne's existing laboratory and continuous monitoring instruments used in environmental applications. Read more.

Teledyne Technologies Reports Fourth Quarter Results

LOS ANGELES - January 29, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) today reported fourth quarter 2003 sales of $222.4 million, compared with sales of $209.6 million for the same period in 2002. Net income for the fourth quarter of 2003 was $7.8 million ($0.24 per diluted share), compared with net income of $7.2 million ($0.22 per diluted share) in the fourth quarter of 2002. Net income for the fourth quarter of 2003 included pretax pension expense of $1.8 million, compared with pretax pension income of $0.6 million for the same period of 2002. Read more.

Dale Schnittjer Named Teledyne Chief Financial Officer

LOS ANGELES - January 28, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) today announced the appointment of Dale A. Schnittjer as vice president and chief financial officer. He has been serving as interim chief financial officer since July 2003 and will assume the new position immediately. Read more.

Teledyne Awarded $13.7 Million U.S. Army Contract to Continue Hazardous Waste Disposal

LOS ANGELES - January 26, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Brown Engineering, Inc. has been awarded a $13.7 million environmental contract from the U.S. Army to continue its operation of the U.S Army Non Stockpile Chemical Materiel Program's Rapid Response System (RRS), a mobile, on-site system used to destroy hazardous chemicals. The contract has a potential value of $20 million if all options are exercised. Read more.

Teledyne Technologies Announces Fourth Quarter and Full Year 2003 Earnings Webcast Details

LOS ANGELES - January 16, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) will hold a conference call to discuss its fourth quarter and full year 2003 results on Thursday, January 29, 2004 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time. A press release with the quarter's and full year's financial results will be issued before the market opens on Thursday, January 29, 2004. Read more.

Teledyne Wins NASA Space Station Cargo Mission Contract

LOS ANGELES - January 15, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Brown Engineering, Inc., has won a potential $40 million subcontract from Lockheed Martin Space Operations of Houston in support of the International Space Station (ISS) Cargo Mission Contract. The initial term of the contract is four years and nine months with two one-year options available as add-ons to the original term. Read more.

Teledyne Technologies to Present at Investor Conferences

LOS ANGELES - January 7, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced that Robert Mehrabian, chairman, president and chief executive officer, and Jason VanWees, director of corporate development and investor relations, will make a presentation at the Needham & Company, Inc. Sixth Annual Growth Conference on Thursday, January 8, at 11:30 a.m. (Eastern) at the New York Palace Hotel in New York City. In addition, Robert Mehrabian and Jason VanWees will make a presentation at the Sidoti & Company, LLC First Annual Palm Beach Emerging Growth Institutional Investor Forum on Friday, January 9, at 10:15 a.m. (Eastern) at The Ritz-Carlton Hotel in Palm Beach, Florida. Read more.

Teledyne Acquires Filtronic Solid State Business

LOS ANGELES - January 5, 2004 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that it has acquired certain assets of the Filtronic Solid State (Solid State) business from Filtronic plc for $12 million. The transaction closed on December 31, 2003. Solid State designs and manufactures customized microwave subassemblies for electronic warfare, radar and other military applications. The business, which will operate as Teledyne Wireless, Inc., will be relocated from Santa Clara, California and consolidated with Teledyne's operations in Mountain View, California. Read more.

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