Robert Mehrabian News

Teledyne Technologies Incorporated announced today that it has acquired ChartWorld International Limited and affiliates. ChartWorld, headquartered in Cyprus, with additional locations in Hamburg, Singapore, Vancouver and Tokyo, is a provider of digital marine navigation hardware and software provided through a subscription-based model. Terms of the transactions were not disclosed.Commercial maritime subscribers to ChartWorld’s software as a service (SaaS) receive free type-approved Electronic Chart Display and Information Systems (ECDIS), a lifetime warranty and global 24/7 support.

Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cash-and-stock deal to beef up its portfolio of imaging sensor technology.FLIR shareholders will receive $28 in cash and 0.0718 shares of Teledyne common stock for each share held, the companies said.That implies a purchase price of $56.14 based on Teledyne’s last close, and represents a premium of 28.1% for FLIR shareholders to the stock’s Thursday close.Teledyne and FLIR sell cameras and sensor systems.“Our technologies and products are uniquely co

Teledyne Oil & Gas, a business unit of Teledyne Technologies Incorporated, announced today that it held a Grand Opening celebration of its new 52,000-square-foot Technology Development Center in Daytona Beach. The Technology Development Center is a high-tech research and new product development center to bring forward engineered solutions to complex technical challenges, primarily for the offshore oil and gas production and exploration industries. The Honorable Rick Scott, Governor of Florida, provided opening remarks for the building, along with Dr. Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne Technologies Incorporated, and other industry executives. This new center is expected to add over 100 new jobs to the local community.

Teledyne today reported third quarter 2013 sales of $571.6 million, compared with sales of $547.4 million for the third quarter of 2012, an increase of 4.4%. Net income attributable to Teledyne was $46.8 million ($1.23 per diluted share) for the third quarter of 2013, compared with $42.7 million ($1.14 per diluted share) for the third quarter of 2012, an increase of 9.6%. “In the third quarter, our commercial industrial businesses collectively performed very well. As an example, our instrumentation segment generated organic revenue growth of 12.7 percent,” said Robert Mehrabian, chairman, president and chief executive officer. “Also in the quarter…

Teledyne Technologies Incorporated announced today that it has completed the acquisition of RESON. RESON, headquartered in Slangerup, Denmark, provides high-resolution marine acoustic imaging and measurement solutions. The acquired company will operate under the name Teledyne RESON. Terms of the transaction were not disclosed. With more than 30 years of experience and approximately 1,400 RESON echosounders sold worldwide, RESON is a provider of multibeam sonar systems and specialty acoustic sensors for hydrography, global marine infrastructure and offshore energy operations.

THOUSAND OAKS, Calif. – May 10, 2011 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., was awarded a $9 million contract from Northrop Grumman Corporation (NYSE:NOC) to manufacture four Littoral Combat Ship (LCS) Gun Mission Modules (GMM). Teledyne Brown will manufacture each of the modules and assemble and test them at the company’s Huntsville manufacturing facility. Each module will be equipped with a 30MM gun weapon system and two modules will be mounted on each LCS.