Teledyne to Acquire Select Aerospace and Defense Electronics Businesses of Excelitas
Teledyne Technologies Incorporated (TDY)
Last teledyne technologies incorporated earnings: 4/22 06:55 am
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Source: Business Wire
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) announced today that it has entered into an agreement to acquire select aerospace and defense electronics businesses from Excelitas Technologies Corp. (“Excelitas”) for $710 million in cash. The acquisition includes the Optical Systems (OS) business known under the Qioptiq® brand based in Northern Wales, UK, as well as the U.S.-based Advanced Electronic Systems (AES) business.The UK-based OS business provides advanced optics for heads-up and helmet-mounted displays, dismounted tactical night vision systems and proprietary glass used in space and satellite applications. In the U.S., the AES business provides custom energetics, including electronic safe & arm devices, high-voltage semiconductor switches and rubidium frequency standards for defense and space applications.“We are excited to announce this pending acquisition, which will bring us new technology in markets well-understood b
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TDY
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- 10/23/24 - Beat
TDY
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form 144
- TDY's page on the SEC website