Teledyne Marine received a $16 million, five-year contract from the U.S. Geological Survey to provide instruments, sonars and unmanned surface vehicles.
Teledyne Marine, the Poway-based business unit of Teledyne Technologies Inc. in Thousand Oaks, and its brands have been supplying the Geological Survey with product for more than 20 years.
Mike Read, president of Teledyne Marine, said the division was looking forward to continuing its long-standing service to the USGS by providing tools and technology to conduct critical science and environmental monitoring.
“The use of our instrumentation and vehicles will enable better decisions and policies impacting the United States, its natural resources and the natural hazards that threaten it,” Read said in a statement. “We’re honored to play a continued and substantial role in this important work.”
The contract includes, but is not limited to, Teledyne RD Instruments Acoustic Doppler Current Profilers for current profiling, stream monitoring and discharge measurements; Teledyne Oceanscience Unmanned Surface Vehicles for remote controlled surveys and data collection; and Teledyne RESON and Teledyne ODOM multibeam and single beam sonars for high-resolution hydrographic surveys, according to a release from the company.
Shares of Teledyne (TDY) closed up $4.18, or 1 percent, to $421.89 on the New York Stock Exchange, on a day when the Dow Jones closed up a fraction of a percent.