Teledyne Brown Extends NASA ContractFriday, February 8, 2013
A subsidiary of Teledyne Technologies Inc. has received a five-year contract to continue providing support services for the International Space Station and other space missions managed by the Marshall Space Flight Center.
The NASA contract with Teledyne Brown Engineering Inc.to provide services to Huntsville, Ala. facility has a potential value of $120 million.
Teledyne Brown’s services provide the link between scientists, the astronauts and experiments conducted on the space station. The unit manages payload resources, collects data from experiments and provides flight console operations. Teledyne Brown already has supplied 100,000 hours of support over 15 years.
“Teledyne has an extraordinary history of supporting NASA science operations on the International Space Station,” said Robert Mehrabian, chairman and chief executive of Thousand Oaks-based Teledyne Technologies. “This award speaks to our strengths in remote space-based science operations and is highly complementary to our commercial space imaging business.”
Shares of Teledyne Technologies rose 68 cents, or 1 percent, to close at $69.87 on the New York Stock Exchange.