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Teledyne FLIR Defense Wins $32 Million Contract to Provide Recon Surveillance Kit on Strykers for Bulgaria

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Information

Advanced sensor suite will add situational awareness capabilities to Stryker armored vehicles, including 360-degree visibility, thermal imaging, and long-range threat detection Teledyne FLIR Defense, part of Teledyne

Original source

AI Summary

Teledyne FLIR Defense secured a $32 million contract from the U.S. Army. Contract involves advanced EO/IR systems for Stryker armored vehicles. Part of a Foreign Military Sales agreement aiding Bulgaria's military modernization. The deal enhances interoperability with NATO and modernizes Bulgaria's vehicle fleet. Teledyne's systems improve situational awareness and targeting capabilities.

Sentiment Rationale

The $32 million contract strengthens TDY's revenue stream and market position, similar to past revenue boosts from military contracts following geopolitical tensions.

Trading Thesis

The multi-year nature of the contract suggests sustained revenue and growth potential for the company, akin to previous long-term defense contracts TDY has held.

Market-Moving

  • Teledyne FLIR Defense secured a $32 million contract from the U.S. Army.
  • Contract involves advanced EO/IR systems for Stryker armored vehicles.
  • Part of a Foreign Military Sales agreement aiding Bulgaria's military modernization.

Key Facts

  • Teledyne FLIR Defense secured a $32 million contract from the U.S. Army.
  • Contract involves advanced EO/IR systems for Stryker armored vehicles.
  • Part of a Foreign Military Sales agreement aiding Bulgaria's military modernization.
  • The deal enhances interoperability with NATO and modernizes Bulgaria's vehicle fleet.
  • Teledyne's systems improve situational awareness and targeting capabilities.

Companies Mentioned

  • BA (BA)
  • LMT (LMT)
  • NOC (NOC)
  • GD (GD)
  • RTN (RTN)

Corporate Developments

This contract significantly enhances TDY's military engagement and growth potential in defense sectors, which is crucial for its market strategy.

Advanced sensor suite will add situational awareness capabilities to Stryker armored vehicles, including 360-degree visibility, thermal imaging, and long-range threat detection

Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced that it has been awarded a contract by the U.S. Army worth up to $32 million to deliver and integrate advanced electro-optical (EO/IR) systems for the Stryker Infantry Carrier Vehicle (ICV) Recon Kit.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260115305529/en/

Teledyne FLIR Defense has been awarded a contract by the U.S. Army worth up to $32 million to deliver and integrate advanced electro-optical (EO/IR) systems for the Stryker Infantry Carrier Vehicle (ICV) Recon Kit. The contract was awarded by the U.S. Army Contracting Command as part of a Foreign Military Sales agreement to support Bulgaria's military modernization. Bulgaria is acquiring nearly 200 U.S.-made Stryker armored vehicles to replace its Soviet-era tactical vehicle fleet and enhance interoperability with NATO forces.

Teledyne FLIR Defense has been awarded a contract by the U.S. Army worth up to $32 million to deliver and integrate advanced electro-optical (EO/IR) systems for the Stryker Infantry Carrier Vehicle (ICV) Recon Kit. The contract was awarded by the U.S. Army Contracting Command as part of a Foreign Military Sales agreement to support Bulgaria's military modernization. Bulgaria is acquiring nearly 200 U.S.-made Stryker armored vehicles to replace its Soviet-era tactical vehicle fleet and enhance interoperability with NATO forces.

The contract was awarded by the U.S. Army Contracting Command at Aberdeen Proving Ground, Md., as part of a Foreign Military Sales agreement to support Bulgaria's military modernization. Bulgaria is acquiring nearly 200 U.S.-made Stryker armored vehicles to replace its Soviet-era tactical vehicle fleet and enhance interoperability with NATO forces.

Teledyne FLIR Defense will provide long range thermal imaging sights and radars for Intelligence, Surveillance, Reconnaissance and Targeting (ISR-T), adding advanced capability in all-weather conditions, day or night, to Bulgaria's Strykers. Products featured in the effort include the TacFLIR® 280 HDEP EO/IR imaging system, Ranger® R20SS long-range radar, and Cameleon™ control software for tracking and targeting threats.

Later phases of the vehicle modernization program will include FLIR Defense unmanned aircraft and launch systems, combined with Teledyne's nuclear, biological and chemical detection sensors, to provide standoff identification of these deadly threats to Bulgarian Land Forces.

"This initiative will help a key NATO ally upgrade its force capabilities, boost interoperability within NATO, and improve situational awareness," said Dr. JihFen Lei, president of Teledyne FLIR Defense and senior vice president of Teledyne Technologies. "We are proud to support this U.S. Army-led effort and will work closely with our partners and end users in Bulgaria to deliver technology solutions that can have an immediate impact on the battlefield."

The contract has a three-year performance period. The Stryker ICV Recon Kits will be manufactured across multiple Teledyne FLIR facilities in the United States and Canada, and then integrated on-site after the vehicles are delivered to Bulgaria.

Visit us online to learn more about the full line of Teledyne FLIR Defense ISR-T solutions.

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 and @flir_defense.

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.

Media Contact:

Joe Ailinger, Jr.

Teledyne FLIR Defense

joe.ailinger@teledyne.com

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