A subsidiary of Teledyne Technologies Inc. has received a multi-million contract from the Pentagon to supply underwater robots used in disposing of explosives.
The exact value of the contract received by Teledyne SeaBotix, in San Diego, through a distributor was not disclosed. The company is part of the marine business unit of Teledyne Technologies, in Thousand Oaks.
Teledyne SeaBotix will deliver 60 remotely operated vehicles for use by explosive disposal teams of the U.S. Navy. The company’s website describes the product as a 40-pound vehicle that is tethered to the surface and has cameras and operational tools.
William Kikendall, president of the subsidiary, said, “The systems perform a variety of critical functions for the military but also serve to keep the men and women of our military out of harm’s way.”
Shares closed up 7 cents, or a fraction of a percent, to $124.07 on the New York Stock Exchange.