A subsidiary of Teledyne Technologies Inc. received a $79.6 million contract to design and build target missiles used for testing and evaluation.
Teledyne Brown Engineering Inc. will begin the Tactical Range Air Defense Missile program immediately and it could extend through April 2025. Teledyne Brown is owned by Teledyne Technologies in Thousand Oaks.
The contract calls for the company to develop realistic-threat ballistic target missiles, known as “zombie” targets, for use in testing advanced missile defense systems.
Teledyne Brown President Jan Hess said the company was proud to provide these systems that will help support the defense of the United States and its allies.
“A great deal of our company’s legacy is built upon leading and supporting missile defense programs, including target and countermeasures development, and the test and evaluation of complex systems,” Hess said in a statement.
Shares of Teledyne (TDY) closed up 11 cents, or a fraction of a percent, to $204.99 on the New York Stock Exchange.