Teledyne Lands $15. 4 Million European Drone Contract as Shares Pull Back Teledyne Technologies Incorporated has secured a major contract win in the European defense market, worth $15.
4 million to supply specialist energetics products for advanced unmanned systems. This deal is part of a broader trend of countries strengthening their capabilities in unmanned systems.
A Strategic Expansion The agreement between Teledyne's UK based Energetics business unit and an unnamed Europe based defense technology manufacturer marks the first step in building a longer term supply relationship worth over $50 million, should all go according to plan.