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Stock impact report

Teledyne FLIR Defense Awarded $249 Million IDIQ Contract for U.S. Marine Corps Organic Precision Fires-Light Program [Yahoo! Finance]

Teledyne Technologies Incorporated (TDY) 
Last teledyne technologies incorporated earnings: 4/22 06:55 am Check Earnings Report
US:NYSE Investor Relations: teledyne.com/news/news.asp
Company Research Source: Yahoo! Finance
BOSTON, April 15, 2024 BUSINESS WIRE )--Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced that it has been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract worth up to $249 million by the U.S. Marine Corps Systems Command for its Organic Precision Fires-Light (OPF-L) program. The initial delivery order is valued at $12 million. As described in Marine Corps solicitation statements, Organic Precision Fires-Light is a new system designed to provide rifle squads and platoons with a man-packable "organic, loitering, precision strike capability to engage the enemy beyond the line of sight." Teledyne FLIR's advanced small Vertical Take-off and Landing (VTOL) loitering munition solution has proven highly successful in tests against both moving and stationary armor, vehicles, and dismounted targets. The ability to recover and reuse the new system will lighten the pack load for Marines while increasing their warfighting effectiveness. Show less Read more
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