Teledyne Technologies Inc. announced Tuesday that its defense and space business unit developed critical payload equipment for the Airbus OneWeb satellite internet constellation.
Airbus awarded the Thousand Oaks imaging and electronics company a $95 million production contract in 2018, under which Teledyne delivered flexible converters and microwave and millimeter wave filter assemblies for each satellite. Production of equipment for additional Airbus OneWeb satellites is expected to continue through 2021.
The first six satellites and supporting payloads were launched on Feb. 27 from the Guiana Space Center on Arianespace’s Soyuz VS21 rocket.
Shares of Teledyne (TDY) closed Tuesday down $3.47, or 1.5 percent, to $232.39 on the New York Stock Exchange.