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Teledyne FLIR Defense Awarded $74 Million IDIQ Contract to Modernize U.S. Coast Guard Surveillance Systems

1. Teledyne FLIR awarded $74.2M USCG contract for imaging systems. 2. Over 125 Electro-Optic Sensor Systems to be delivered by Q4-2025. 3. Technology will enhance USCG's maritime operations, including security and law enforcement. 4. Teledyne's support for USCG has existed since 2005 for similar systems. 5. Contract boosts Teledyne's defense capabilities and revenue potential in the long term.

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FAQ

Why Bullish?

This contract enhances TDY's revenue potential, similar contracts previously improved its stock.

How important is it?

The contract represents significant revenue and long-term partnership potential for TDY.

Why Long Term?

The contract spans five years, establishing a continuous revenue stream for TDY.

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TDYUSCG
BOSTON--(BUSINESS WIRE)--Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced it has been awarded a five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract worth up to $74.2 million to provide modernized imaging surveillance systems to the United States Coast Guard (USCG). FLIR Defense will deliver more than 125 Electro-Optic Sensor System-Modernized (ESS-M) systems for use on USCG rotary wing aircraft, specifically the MH-60 and MH-65. The advanced ESS-M platform features a full-HD sensor suite and updated user interfaces, as well as advanced processing capabilities and software enhancements that will support future growth. The ESS-M systems provide operators with high-definition daylight, low light, and infrared imagery and will be used in support of all Coast Guard missions, with an emphasis on search and rescue, living marine resources, and law enforcement. The new technology also will augment coastal security, drug and migrant interdiction, ports and waterways protection, and other Coast Guard rapid response needs. Teledyne FLIR Defense has been delivering and supporting legacy ESS systems for USCG medium- and short-range recovery aircraft since 2005. “The significant updates through ESS-M will enable the U.S. Coast Guard to stay on technology’s cutting edge while conducting its wide range of key maritime operations,” said Dr. JihFen Lei, president of Teledyne FLIR Defense. “We’re proud to extend our history of support and look forward to building our relationship across all missions areas.” Deliveries will begin in Q4-2025. For more on Teledyne FLIR’s maritime surveillance solutions, visit us online. About Teledyne FLIR Defense Teledyne FLIR Defense has been providing advanced, mission-critical technology and systems for more than 45 years. Our products are on the frontlines of the world’s most pressing military, security and public safety challenges. As a global leader in thermal imaging, we design and build sophisticated surveillance sensors for air, land and maritime use. We develop the most rugged, trusted unmanned air and ground platforms, as well as intelligent sensing devices used to detect chemicals, biological agents, radiation and explosives. At Teledyne FLIR Defense we bring together this expertise to deliver solutions that enable critical decisions and keep our world safe – from any threat, anywhere. To learn more, visit us online or follow @flir. About Teledyne Technologies Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com.

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